Business Finance – For Non-Financial Managers (On-Demand)


Duration: 11 Hours

Course Code:  LB01

Course Summary

All successful employees, managers and leaders who want to maximise their contribution within the business or organisation need a solid grasp of finances. Whether they are talking strategy, budgets, or customer propositions, it is inevitably the finances that drive the decisions and determine how performance is measured.

Being financially literate gives the individual a fundamental business tool, as well as the credibility, to help drive success and to maximise value creation. KPIs can be properly evaluated, major decisions can be grounded in financial reality, and both forecasting and reporting can be used more reliably to help guide efforts and provide the required focus for departments and teams.

A key aspect often overlooked, is that greater confidence in both the financial position, and the control mechanisms that are available to employees and managers, will enhance a leader’s risk-awareness. In turn (depending on a range of other factors), this can be a key enabler for business culture that embraces greater levels of creativity and value creation.

This programme provides a comprehensive foundation in business finance – covering all the major areas needed to be a fully-functioning member of the mid-senior management team. It is ideal for current or aspiring managers, specialists with financial responsibility, or identified talent / graduates. Although financial principles do not change, they can be applied in very specific ways, depending on the industry / organisation. Examples, case studies and exercises are tailored accordingly

Topic Areas Include:

The Financial Cycle and Reporting

  • Key Accounting Concepts
  • The Company Operating (Finance) Cycle
  • Three Principal Accounting Documents

KPIs, Ratios and Financial Analysis

  • Understanding Finance
  • Key Financial Ratios – Categories and Examples
  • Profitability
  • Efficiency
  • Equity, Loans, and Gearing / Leverage
  • Valuation - Controlling Investment

Financial Control, Budgets and Evaluating Initiatives / Projects

  • The Importance of Budgeting and Forecasting
  • Budgets – Getting Specific
  • Mitigating Bad Budget Culture (Teams Aiming for 100% Budget Spend)
  • Understanding Return on Investment (ROI)
  • Cumulative Cash Flows
  • Calculating ROI and using Net Present Value (NPV)
  • Assessing Projects and Using NPV

 

On-Demand Online Training

On-Demand Online Telecoms Training

Our self-paced on-demand distance learning programmes are accessible on any computer, tablet or smartphone and allow you to study at a time and location that is convenient to you.

Each course includes:

  • Illustrated Course Books - featuring leading edge knowledge from subject matter experts.
  • Videos - Detailed videos expand the points covered in the course books, discussing topics in greater depth. 
  • Tutor Support – Dedicated course tutors are available to answer any questions you might have throughout your studies.
  • Formative Assessment - Modules include regular quizzes to support learning by testing your knowledge of the subject matter.
  • Certification– Successfully complete the end of module tests to earn Digital Badges to demonstrate the depth of your knowledge of the topic.

Payment can be made by Credit Card or you can request an Invoice.


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