Ian McIsaac

Finance for the Non-Financial Manager

In this popular hands-on course you will learn essential financial techniques to help you become a more effective manager and increase your value to the organisation. Attendance on this programme will improve your analytical and business planning skills and enable you to communicate more confidently with financial experts and senior management.

Course Dates

The Principal Financial Statements

• Overview of financial statements
• Content of income statement and balance sheet
• Key measurement issues and principles
• Accounting in a changing business environment
• International differences

Cash Flow

• Differences between cash and profit
• Identifying the key elements of the cash flow statement
• The growing importance of cash in company analysis

Evaluation of Financial Statements

• Framework of analysis
• Working capital
• Uses and limitations of ratios
• Alternative measures of corporate performance: EVA approach

Analysing Break-Even Points

• Calculating the break-even point of a project
• Evaluating a product discontinuation decision

Understanding Costs for Decision Making

• Types of cost
• How to use cost information for decisions
• Cost-volume relationship and contribution

Budgetary Control

• The need for effective internal control
• Variance analysis
• Flexible budgets and controllable costs
• Monitoring

How to Budget Effectively

• Budget organisation and preparation
• The budget cycle and administration
• Budgeting pitfalls and tips
• New developments in budgeting

Investment Appraisal

• Introduction to capital budgeting
• Methods of appraising projects
• Internal rates of return, net present value
• Cost of capital

Recent Developments

• The "new" accounting and EVA
• Concluding remarks