Finance for Non-Financial Managers
This session aims to give you the basic knowledge about how financial controls work in a UK organisation including P & L Statements, Balance Sheets and Cash Flow. The starting point is to understand the saying: “Turnover is vanity, profit is sanity and cash is king!” and how finance is distributed in a business. A highly interactive session delivered in a brain friendly way!
Who Should Attend?
Junior managers, business owners and anyone who needs a basic understanding of finance.
What will you learn
You will review the Profit & Loss account (P & L) and how this is utilised by management to monitor costs, margins and profit. You'll also look at the fundamentals of a company balance sheet with some worked examples to give a clear understanding.
- Understand a P & L account in a business.
- Understand how a balance sheet works.
- Understand and control cash flow in a business.
- Understand some key financial terminology.
About Julian Hammond
Julian Hammond is the principal of TIPS for Good Management, a personal, team and business improvement service based near Dereham. Julian has delivered training courses all over the UK, the Far East, USA and Europe. A popular subject is finance for the non-finance manager which Julian has delivered to many audiences as part of TIPS management and leadership programmes. Often these sessions have been for a CMI (Chartered Management Institute) Level 5 qualification which TIPS for Good Management is an approved centre.