Finance for Non-Finance Directors

When it comes to finance, Directors have a legal responsibility to promote the success of the company which includes taking care of the finances. They are also required to report financial information in the correct format to the authorities in a timely manner. 

This course helps Directors and Senior Managers fulfil those responsibilities and obligations effectively. Furthermore, it will provide them with the tools and knowledge to gain a competitive advantage and drive the business forward. 

Attendees will go beyond having a working knowledge of the component parts of Balance Sheets and P&Ls and they’ll gain a deeper understanding of finance and key financial drivers. 

By the end of this course, Directors and Senior Managers will feel much more confident in their ability to navigate the company through peaks and troughs they are likely to encounter. They’ll be better prepared to face the challenges of spearheading a company in the ever-changing economic climate that we operate within today. 

This course is for you if you would like to:

• Understand key financial concepts and terminology
• Develop skills and knowledge that will enable you to evaluate business plans and critically assess financial information when it is presented to you by finance professionals
• Contribute more effectively to boardroom discussions about finance-related matters
• Make better-informed, well-rounded decisions where the financial implications of decisions have been understood, carefully considered and fully weighed-up

• How to read a set of financial statements and really understand them including how to quickly pick out the most pertinent points and filter out information that is irrelevant
• What key financial ratios should Directors monitor on a regular basis?
• Understand key financial concepts including Liquidity, Gearing, ROCE, ROI, Working Capital Management, Debtor & Creditor Days and Stock Turn
• How to compare accounts to competitors and identify what they are doing that you are not (and vice versa)
• What are the main Pricing Methodologies and how to find the sweet spot when setting prices to optimise profits
• How to use Financial Tools such as Net Present Value (NPV), Discounted Cash Flows (DCF), Internal Rate of Return (IRR), Payback Period, Break-even Analysis and Contribution Analysis to aid decision-making
• How to improve budgets, forecasting and MI processes to inspire your Middle-Managers to boost financial performance
• Understand company valuations for the purposes of flotation, raising funds, mergers and acquisitions or exit strategy