2024 Finance for Non-Finance Directors Updates 1 Day

Chartered Management Institute Recognised Director Training Courses and Workshops.

This course is assessed as “Excellent” by its delegates. 

Delegate numbers are limited to a maximum of 8.

This Finance for Non-Finance Directors Essential Updates course will enhance your ability to read analyse and interpret any Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements. The course places great emphasis on hands-on case studies and discussions, where attendees get the opportunity to practice their newly acquired skills and knowledge, to reinforce the learning process and to really integrate them into their core knowledge and skill set.

Every delegate will be offered the chance to select  a set of UK accounts that they would like us to review as a case study.

You will gain a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills.

Institute of Leadership and Management Approved Training Centre.

You will become more familiar with techniques such as NPV, Net Present Value and DCF, Discounted Cashflow techniques, Net Asset Value, P/E Ratios, ROCE, ROI, Gearing, Enterprise Value and EBITDA. You will improve your understanding of budgeting, including zero based budgeting, cash management and forecasting. You will be better able to manage the relationship between ROCE, ROI and Gearing.

You will be able to value possible company acquisitions and disposals using techniques such as P/E Ratios and EBITDA ratios, as well as evaluate the likely change in the market value of your own organisation as a result of the potential acquisition or disposal. You will understand the purpose of consolidated accounts and the key information hidden within those accounts.

Professional Directors Association Authorised Courses. 

Company law requires all Board Directors to understand their own accounts and holds the Directors collectively responsible for the validity of the annual financial accounts. Directors must not approve the financial statements unless they are satisfied that they give a true and fair view.

Please click here for more information about the Statement of Directors Responsibilities. These are the Financial Responsibilities under the Companies Acts.

Please click here for more information about the General Duties of Directors under the Companies Acts.

CPD – Formal Certificates of Professional Development will be issued to all delegates.

These courses are recognised by the Chartered Management Institute and the Professional Directors Association. Their logos along with that of Excellence in Learning will be on the course certificates. These certificates will be accepted as evidence for CPD purposes by most other professional institutes and associations, including the Institute of Leadership and Management, the Law Society, the CIM, the ICAEW, the CMI, the Institute of Learning and the CIPD.

This course is assessed as “Excellent” by its delegates.

Please click here to explore running this as an in-house course

Chartered Management Institute Recognised Training Centre for Director Training Courses

2024 Finance for Board Directors Essential Updates 1 Day; Maximum 8 Directors

Finance for Non-Finance Directors Essential Updates 1 Day Course

Chartered Management Institute Recognised Training Centre for Director and Finance Training Courses.

This course is assessed as “Excellent” by its delegates. To ensure that the executives attending this training course will continue to get the maximum possible benefit. Delegate numbers will be limited to a maximum of 8.

This Finance for Non-Finance Directors Essential Updates course will enhance your ability to read analyse and interpret any Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements. The course places great emphasis on hands-on case studies and discussions, where attendees get the opportunity to practice their newly acquired skills and knowledge, to reinforce the learning process and to really integrate them into their core knowledge and skill set.

You will become more familiar with techniques such as Net Asset Value, P/E Ratios, ROCE, ROI, Gearing, Current Ratio, Quick Ratio, Stock Days, Debtor Days and Creditor Days, Enterprise Value and EBITDA.  It will provide a good understanding of budgeting, including Zero Based Budgeting, Cash Management and Cash Forecasting. You will be able to understand and manage the relationship between ROCE, ROI and Gearing. You will understand the impact of new acquisitions upon consolidated accounts.

CPD – Formal Certificates of Professional Development will be issued to all delegates.

These courses are recognised by the Chartered Management Institute and the Professional Directors Association. Their logos along with that of Excellence in Learning will be on the course certificates. The certificates will be accepted as evidence for CPD purposes by most other professional institutes and associations, including the Institute of Leadership and Management, the Law Society, the CIM, the ICAEW, the CMI, the Institute of Learning and the CIPD.

This course is assessed as “Excellent” by its delegates. 

Delegate numbers are limited to a maximum of 8.

  • "Excellent" Delegate Comments on Finance for Non-Finance Directors Course

    ‘The Finance for Non-Finance Directors Updates Course has great content and gives a good understanding of business finance. Course will enable me to understand my business accounts better.’ Roger Pleasants – Board Director, Project Solver Limited

    ‘Excellent course. Upon completion more knowledgeable on the subject. Will recommend to colleagues.’ Paul Doyle – Operations Director, Bauer Technologies Ltd

    ‘Excellent tutor who used appropriate and relevant real life examples.’
    Graham McPhail – Head of Education & Training, CITB, Construction & Industry Training Board

    ‘ Massively useful – it was like opening a book that I now have a greater understanding of.’
    Adam Godfrey – Senior Partner, Stiles Harold Williams LLP

    ‘An excellent course.’ Sukhjit Gill – Managing Director, Inclusive Technology

    ‘Many thanks, I have enjoyed the course and learnt a lot. The delivery has been really good. The second day has helped a lot in consolidating the concepts.’
    Carmen Colomina – Practice Director, Social Care Institute for Excellence

    ‘Excellent second day’ Graham Batters – Regional Manager, Ball and Young Ltd

    ‘Good number of examples made what I expected to be a dry subject interesting’
    David Elsy – Partner, Withers & Rogers LLP

    ‘Second day in particular was helpful to put concepts in place and to discuss issues related to our own organisations – thanks’
    Hanneke Lam – Business Manager, Agrinatura EEIG

    ‘Very interesting and useful course.’Andrew Naismith – Managing Director, CAE UK Plc and CAE ATS Plc

  • Finance for Non-Finance Directors Course Overview

    This Finance for Non-Finance Directors Essential Updates training course places great emphasis on hands-on case studies and discussions, where attendees get the opportunity to practice their newly acquired skills and knowledge, to reinforce the learning process and to really integrate them into their core knowledge and skill set. These case studies will be made more relevant by each delegate being encouraged to nominate a set of accounts for analysis.

    This course is assessed as “Excellent” by its delegates.

    This Finance for All Directors Course will enhance your ability to read analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements.  It will provide a good grasp of the key elements of Management Accounts and Statutory Financial Accounts, including ratio analysis.  You will become more familiar with techniques such as Net Asset Value, P/E Ratios, ROCE, ROI, Gearing, Current Ratio, Quick Ratio, Stock Days, Debtor Days and Creditor Days Enterprise Value and EBITDA.

    It will provide a good understanding of budgeting, including Zero Based Budgeting, Cash Management and Cash Forecasting. You will be able to understand and manage the relationship between ROCE, ROI and Gearing. You will understand the impact of new acquisitions upon consolidated accounts. The Balanced Scorecard will be explained, along with its strategic limitations.

    You will understand and be able to value possible company acquisitions and disposals, as well as evaluate the likely change in the market value of your own organisation as a result of a potential acquisition or disposal. You will understand the purpose of consolidated accounts and key information hidden within those accounts.

    This Finance for Non-Finance Directors training course will be ideal for Directors who wish to improve their financial knowledge and skills. This objective is easily achieved through a very effective and relaxed approach to learning, which is significantly enhanced by the detailed discussions and extensive case studies.

    It will also provide a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills. You will become more involved with all types of financial discussions. You will become more confident and comfortable when discussing finances with fellow directors, investors, suppliers and key clients.

    Delegate numbers will normally be limited to a maximum of 8.

  • Finance for Non-Finance Directors Updates Course Content

    THIS DAY:

    Summary Financial Overview

    • Accounting laws and standards
    • UK and EU Financial Reporting Standards, key differences and which is best for you
    • Fundamental Accounting Concepts
    • Financial Statements Structure, Meaning and Terminology; assumes a level of financial knowledge such as would be gained from day 1 of this course or our stand-alone 1 day Finance for Non-Finance Directors course

     

    Forecasts, Cash and Budgets

    • The purpose of forecasts for the business
    • Budget objectives and cascading budget objectives
    • Budgetary Control as a management tool
    • Historic v Zero Based budgeting methods
    • Working Capital Cycle

     

    Consolidated Accounts

    • Their purpose and definition
    • Goodwill evaluation and its stated value in the accounts
    • Amortisation of intangibles and their impact upon dividends
    • Definition and Management of ROCE (Return on Capital Employed), Gearing and ROI (Return on Investment)
    • Maximising EBITDA, Earnings Before Interest, Taxation, Depreciation and Amortisation

     

    Company Acquisitions and Disposals

    • The valuation of target company acquisitions
    • The treatment of company acquisitions and disposals
    • The impact and timing of acquisitions upon finances
    • Financial pitfalls relating to acquisitions
    • The impact of acquisitions upon your market value
    • Looking through Window Dressing of accounts

     

    Overview of Net Present Value, Discounted Cash Flow and Project Evaluation

    Strategic Report Overview – requirements and applicability

    Case Studies of Real Accounts -Nominated by the Delegates

    • Delegates’ own accounts downloaded from Companies House
    • Or the accounts of another company of interest, nominated by the delegate, e.g. a competitor or a potential acquisition target

     

    Operational Financial Management Aspects

    • Recent major Accounting Changes and their Board level impact upon the Balance Sheet and EBITDA
    • Recent Changes to the recognition of Profits and Sales
    • Pension Issues
    • Financing of Acquisitions
    • The Balanced Scorecard

     

    Share Price and Share Valuation

    • The importance of Share Price/Valuation
    • Maximising Shareholder Value
    • Acquisitions as a tool to create shareholder value and move the Share Price upwards
    • Management of the Share Price/Valuation
    • Share Buybacks versus Dividends
  • Finance for Non-Finance Directors Course Leaders

    The Senior Course Leader 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 also the Senior Finance for Non-Finance Managers Course Leader for the Chartered Management Institute.

    He spent 11 years on the Chartered Director Committee of the Institute of Directors, which determined what UK Board Directors should know, in order to properly fulfil their role as a company director. This committee helped to shape the Institute of Directors examination syllabus in the UK. After his time on the Chartered Director Committee, he served for a year on the Accreditation and Standards Committee of the Institute of Directors.
    He has been closely involved in all aspects of the professional development of directors and managers within the UK for more than 7 years. In addition to professional development services, he is actively involved in company acquisitions and disposals, as well as providing financial consulting services at board level. He has practical experience of funding new investments, including procuring millions of pounds of Equity Share Capital.
    He has over 30 years of successful UK and International experience, including 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.
    His delivery style is dynamic, approachable and highly engaging, enabling him to deliver a workshop that you will remember. His courses are always assessed as “Excellent” by the delegates.

  • Finance for Non-Finance Directors Updtaes Course Learning Objectives

    This training course will enable participants to better understand the key attributes and concepts that underpin a strategic and tactical financial approach to management.

    Wherever possible the delegates will be able use their own accounts, or those of another company of interest, as case studies. This will put the learning into the context of their own company accounts.

    It will provide a good grasp of the key elements of Management Accounts and Statutory Financial Accounts. It will introduce and explain NPV and DCF techniques, Net Present Value and Discounted Cash Flow. You will gain a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills.

    Attendees will become highly skilled at reading and understanding Balance Sheets and Profit & Loss Accounts. You will become more involved with all types of financial discussions within your organisation. You will be more confident and comfortable when communicating with financial managers, directors, investors, suppliers and key clients.

    You will be able to value possible company acquisitions and disposals using techniques such as P/E Ratios and EBITDA ratios, as well as evaluate the likely change in the market value of your own organisation as a result of the potential acquisition or disposal. You will understand the purpose of consolidated accounts and the key information hidden within those accounts.

    By the end of this training course participants will be better able to:

    • Read, analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements
    • Understand and quantify the impact of the fundamental accounting concepts and the chosen policies upon any set of accounts
    • Recognise and understand the underlying impact of the generally accepted accounting principles and policies on any Balance Sheet and Profit & Loss Account
    • Understand the key differences between statutory published accounts and the internal monthly management accounts
    • Identify and discuss the key financial issues facing an organisation
    • Understand the wider commercial impact of any business decision and its interaction with non-financial aspects of the organisation, enabling you to make a better contribution to key discussions and decision making amongst managers and within the organisation
    • Understand the basics of budgets and the implementation of budgeting processes
    • Value any business using commonly used and widely accepted valuation techniques such as Net Asset Value, Enterprise Value and EBITDA
    • Evaluate potential company acquisitions in terms of their market price and the likely impact upon the market value and key financial numbers of your own business
    • Communicate more effectively and easily with Finance Managers, and other Finance professionals; through an in depth understanding of financial terminology, management and evaluation techniques.
    • Evaluate and identify the financial impact of combining different levels of Gearing with Return on Investment, ROI, to achieve different levels of Return on Capital Employed, ROCE. Understand the concept of Financial Risk and its relationship to gearing
    • Understand the purpose of consolidated accounts and recognise the hidden red flags within the numbers
    • Be able to identify the most appropriate legal structure for a business and understand the principal financial duties of the Board.
  • Who Should Attend This Finance for Non-Finance Directors Training Course

    All Directors would benefit from this course, from new Directors right up to the Chief Executive and the Chair. This is because most Directors 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 to build a high level of financial knowledge and skills.

    This course is assessed as “Excellent” by its delegates.

    Delegate numbers will be limited to a maximum of 8.

  • In-House Course for Staff Training and Development

    This training workshop, along with most of our other best practice training workshops, can be delivered as an internal training course at your premises. Even with small groups, the course fees per person for internal training workshops can be lower than for open events. The potential savings are even greater, if the travel time and the travel costs of the delegates are included.

    Running training workshops internally is very convenient many of our clients and allows the participants to explore how key issues will impact on them and their organisation. This approach is preferred by many of our clients as it combines a high quality service with convenience and excellent value for money. It is a highly effective route for staff development.

    In-House Course for Staff Training and Development

  • Certificates of Professional Development

    CPD – Formal Certificates of Professional Development will be issued to all delegates.

    Chartered Management Institute Recognised course

    These courses are recognised by the Chartered Management Institute and the Professional Directors Association. Their logos along with that of Excellence in Learning will be on the course certificates.

    Professional Directors Association Authorised Course

    These certificates will be accepted as evidence for CPD purposes by most other professional institutes and associations, including the Institute of Leadership and Management, the Law Society, the CIM, the ICAEW, the CMI, the Institute of Learning and the CIPD.

    This course is assessed as “Excellent” by its delegates.