Finance For Non-Finance Directors Training Courses
This 2-day course can be spread across two separate non-consecutive days.
The Board Directors are required to:
• Select suitable accounting policies and apply them consistently
• Make judgements and accounting estimates that are reasonable and prudent
• State whether applicable UK Accounting Standards have been followed
• Prepare the financial statements on the going concern basis unless it is inappropriate
It would be impossible to fulfil the legal Board Director duties without a good understanding of finance at Board level. This course will provide that knowledge and through case studies ensure that you are comfortable with the application of those financial skills.
Chartered Management Institute Recognised Training Centre for Finance Training Courses.
The Senior Course Leader is one of the best qualified people in the UK to deliver this course. He is a Fellow of the Institute of Chartered Accountants of England and Wales, an FCA, and a Chartered Director; the Board Director qualification awarded by the Institute of Directors. He is also a Fellow of the Institute of Consulting and sits on the Thames Valley Board of the Chartered Management Institute. For several years he was the Senior Finance for Non-Finance Managers Course Leader for the Chartered Management Institute.
He has over 30 years of successful practical UK and International experience, including company acquisitions and disposals, as well as growing companies from start-up to multimillion-pound businesses. He spent 7 years as the Finance Director and then the Chief Executive of a Plc. Prior to that he spent 14 years with KPMG Management Consulting, IBM and Arthur Andersen.
Finance for Non-Finance Directors will provide the knowledge and skills needed to understand and analyse any set of accounts and to value any company.
Topics covered include the Balance Sheet, the Profit & Loss Account, the Cash Flow statements, NPV, Net Present Value, DCF, Discounted Cashflow techniques, Net Asset Value, P/E Ratios, ROCE, ROI, Gearing, Current Ratio, Quick Ratio, Stock Days, Debtor Days and Creditor Days Enterprise Value, EBITDA, the Fundamental Accounting Concepts, Generally Accepted Accounting Principles, GAAP, Generally Accepted Accounting Principles, budgeting, including zero based budgeting, cash management and forecasting, the relationship between ROCE, ROI, Gearing and many more. Break Even analysis and Contribution Analysis will be contrasted with overhead cost allocation approaches to identify their relative strengths and weaknesses.
All Senior Executives would benefit from this course, from department heads right up to the Chief Executive and the Chair. This is because most executives have absorbed financial knowledge piecemeal from their colleagues. That knowledge is often patchy and incomplete. This course will provide a solid and complete financial knowledge base, upon which we will then build to produce a high level of financial knowledge and skills.
Institute of Leadership and Management approved training centre.
To ensure that the directors attending this training course will get the maximum possible benefit from their time and that the discussions will be at their most effective; the numbers are limited to a maximum of 8 delegates.
Formal Certificates of Professional Development will be issued to participants who successfully complete this training course.
These courses are formally accredited by the Chartered Management Institute. Their logo along with that of Excellence in Learning will be on the 2 day course certificates.