Finance for Non Financial Professionals
At Future Finance Training we believe that everyone in a business should understand the fundamentals of what makes it tick. We therefore offer courses designed for people with no, or limited, knowledge of accounting, tax and finance – especially those whose role involves managing a budget, overseeing any income or expenditure, or making decisions that have financial implications.
Our courses can be tailored to every level of an organisation, including Board members, who would like to improve their ability to review, interpret and ultimately make decisions involving financial information.
Personalised training
We take two practical steps to ensure that our Finance for Non-Financial Professionals courses are tailored to your organisation’s unique needs. First, prior to the start of the course, we ask delegates to complete an anonymous online questionnaire about their perception of finance and the financial challenges they face at work. This then allows us to shape the content of the course accordingly. Second, we offer to incorporate your organisation’s own financial statements and management accounts into our course exercises so that delegates can immediately apply their training to their own situation.
Content and delivery
Based on our understanding of your business needs, we will recommend a blend of modules for inclusion in your course, which we can then deliver over a period of one or two days, either face-to-face on your premises or virtually. Recommended modules include:
- The importance of non-financial information
- Understanding the difference between financial and management accounts
- Introduction to the profit and loss account
- Introduction to the balance sheet
- The difference between profit and cash
- Demystifying financial terminology and jargon
- Introduction to budgeting
Learning outcomes
Depending on which blend of modules is most relevant to your business, your delegates will come away from their training able to:
- Feel more confident taking part in conversations about finance and asking questions
- Understand what the profit and loss account tells us about business performance
- Use a balance sheet to gain a clearer picture of an organisation’s financial position
- Understand the difference between profit and cash, and why both matter
- See how your day-to-day actions and decisions influence the numbers
- Understand the difference between financial and management accounts and how they are used
- Recognise how non-financial information plays a key role in interpreting financial information
- Understand the role of budgeting and how you can contribute to setting and managing budgets
