Finance for Non-financial Managers

Good financial management is essential as finances tighten and funding sources become more diverse. The aim of this one day course is to explore the role of financial management in an effective organisation and to realise that it’s about more than just numbers. The session will familiarise participants with the concepts and language of financial management and provide basic technical knowledge and skills to allow participants to improve the financial management of their own organisations. This course is aimed at people requiring an introduction to the principles of sound financial management and the basic technical knowledge and skills to implement these principles.

Overall course aim:

The course aims to:

  • demystify financial jargon;
  • increase understanding of financial statements;
  • explain the relevance of financial management tools, such as budgets and cashflow projections;
  • provide simple, practical worked examples of how these are constructed;
  • explain full cost recovery through a fun exercise;
  • emphasise that financial management is part of the overall strategy of the organisation;
  • emphasise the special features of voluntary sector organisations and the need to maintain the essential balance between a business-like approach and the social goals.

Course objectives:

The course covers all the main aspects of;

  • financial management, looking backwards at annual accounts and forwards at planning tools, and how these are linked.
  • the role of financial management – purpose and responsibilities; the need for sound control systems.
  • Management reporting: management reporting to the Board; accountability and reporting to funders and stakeholders.
  • Statutory Financial Statements: principles underlying financial accounting statutory reporting requirements;
  • content and format of management accounts;
  • working through a set of annual accounts to explain the terminology,
  • what the figures mean and how the different parts link together
  • how the new SORP will affect annual accounts
October 31st, 2018 10:00 AM   through   5:00 PM
Adiaha Antigha Centre
24 - 30 Dalston Lane
Dalston
London, E8 3AZ
United Kingdom

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Phone: 020 7923 1962
Finance for non-financial managers £ 150.00

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