Essential Financial Knowledge for Managers

The purpose of this 1 day course:

Virtually every manager needs to have an understanding of how financial figures under-pin the activities of every business or organisation.

Finance is the common language of costing and pricing, impact of profit and loss, valuation of assets and liabilities. All these must be a part of even the most specialised decision making process.

A lack of a basic appreciation of financials can lead to very difficult times, even business failure!

Benefits to the organisation:

The course improves the understanding of costing, pricing, estimating, quotations and the difference between profit and loss.

Who is the course for?

Every manager who feels that the financial people sometimes talk in a foreign language!

Topics covered:

  • Typical financial documents for a business, organisation or charity.
  • Specimen accounts; brief investigations to see the profit or loss, assets, liabilities and capital base
  • Cash flow; why and where is it different to profit and loss issues
  • Costing methods; how much will it cost us?
  • Pricing methods; the advantages and pitfalls
  • Budgets; how and when, structure examples and how to use them
  • Time will also be allowed for discussion points relevant to all participants

    By the end of the course, delegates will be able to:

    Improved ability to make decisions and proposals, that are based on their specialised operational analysis, knowledge of technology and planning, which is supported by a capable financial appreciation.

    Recent attendees said the most effective parts of the course were:

    “Costing & pricing methods, helps me with my current role”

    “Knowledge about profit & low and how it impacts on the business”

    “Understanding the importance of budgets, costs and cashflow”

    “Understanding the areas of the business that require further attention”

    This course is delivered as a bespoke training delivery, call us on 01604 490470 or email training@northants-chamber.co.uk for details

    date

    title

    venue

    time

    price

    9th Nov 2020

    Effective Appraisal Skills and formal interviewing

    Northamptonshire Chamber

    09:30 – 17:00

    Book Now

    16th Nov 2020

    ILM Management Development Programme (VI)

    Northamptonshire Chamber

    09:30 – 12:30

    Book Now

    19th Nov 2020

    How to hold Difficult Conversations

    Northamptonshire Chamber

    09:30 – 17:00

    Book Now

    13th Jan 2021 to
    14th Jan 2021

    Successful Supervisory Management

    Northamptonshire Chamber, Room: Conference Suite

    09:15 – 17:00

    Book Now

    20th Jan 2021

    Managing Your Workload

    Northamptonshire Chamber, Room: Conference Suite

    09:15 – 17:00

    Book Now

    27th Jan 2021

    Conflict Management

    Northamptonshire Chamber

    09:15 – 12:30

    Book Now

    3rd Feb 2021

    Project Management

    Northamptonshire Chamber, Room: Conference Suite

    09:00 – 17:00

    Book Now

    4th Feb 2021

    Improve your self-confidence in the workplace

    Northamptonshire Chamber

    09:15 – 12:30

    Book Now

    World Pay Logo