Duration
12 Weeks – 1 evening per week

Pre-requisites
Mature Student (over 23 years old)

Certification
ICM Continuing Professional Development Award - Finance for Non Financial Managers(ICM)

About the Course
To effectively lead their Departments, Managers need to have a sound understanding of the financial structures within their own organisation. Upon completion of this course, participants will:

• develop an understanding of how financial statements are prepared complying with accounting standards and legislation
• interpret and analyse company accounts
• communicate more effectively with the Finance Department
• analyse financial risks within their departments
• gain an insight into the role of financial strategy in an organisation and develop an understanding of financing and resource allocation

For Whom
This course is designed for professionals and managers from various non-financial backgrounds to give them the skills and confidence to make informed and objective financial decisions.

Programme Outline

• The Objective of Financial Statements
• Components of Financial Statements
• The Balance Sheet
• The Trading Profit and Loss Account
• Capital Expenditure and Current Revenue Expenditure
• The Accounting Equation
• The Effects of Transactions on a Balance Sheet
• Fixed Assets
• Depreciation
• Accounting Concepts
• Accruals / Prepayments
• Debtors / Bad Debts / Bad Debt Provision
• Revenue v Cash Received
• Profit v Cash Received
• Accounting Ratios
• Interpretation of Financial Statements
• Rules and Regulations Governing Financial Statements
• Investment Appraisal
• Discounted Cash Flow
• Net Present Value / Internal Rate of Return
• Relevant Cash Flows
• Discounted Payback Method