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Call us on +44 (0) 1527 861 113 or
email us at enquiries@grangepartnership.com

Finance for non finance managers

Aim

To give your managers more confidence and the skills needed to deal with the financial aspects of their business. Enabling more productive communication between them and their financial colleagues.

Target Population

Managers who have to deal with financial information and make decisions which have a financial impact.

Objectives

After this programme managers will be able to:

  • Recognise common financial terms and relate them to their own business area/decisions
  • Interpret the different financial statements and relate them to the key financial and operational performance measures used by the business
  • Use business plans as an effective planning and control tool within the business
  • Identify how costs behave and use this to better control cost at both a product and operational level
  • Relate cost to price and price to value
  • Construct robust investment decisions, taking into consideration risk and uncertainty

Detailed Content

Day One – Financial Fundamentals

Success

What does financial success look like?

Understanding the financial statements

A session which explains the financial statements and more particularly when we should recognise revenue and costs, how the business records profit and what the difference is between profit and cash.

Performance measures

A session which relates the key financial, operational and corporate measures to the financial statements.

Improving the business

By understanding the links between decisions made and the results produced, the session asks - "What levers can we pull to improve business performance?"

Financial planning and control

A session which illustrates how the financial planning system works and what part managers play in managing the resources of the business.

Day Two – Financial Decision Making

Understanding product costs and pricing

A session which explains how the costs of products build up through the supply chain and explores how these costs relate to selling price and revenue to generate margin.

Cost and volume relationship

A session built on the previous session which demonstrates how costs vary with volume and why is it important to understand this.

Business case for investment

A session which examines what constitutes a robust business case and explains the financial analysis carried out for capital investment.

Action planning

A short workshop to clarify how and where the learning can be applied in the workplace.

All of our programmes are individually tailored to your specific needs. For some examples of programmes we
run, please see below:

Commercial acumen

find out more

Building a business case

find out more

Finance for sales professionals

find out more