Finance for the Non-Financial Manager Short Courses
The Finance for the Non-Financial Manager short course teaches business finance and is aimed at managers from disciplines other than finance who wish to understand financial management principles and practice. Emphasis is placed on understanding financial concepts and how they are put to use in small, medium and large enterprises. About a third of the content is learning personal finance. The Finance for the Non-Financial Manager course starts with explaning the basics of finance, moves into gaining a good understanding of the basic financial statements and then the applications of sales, pricing, costing, interest and borrowings and taxation. This finance course finishes with investment, performance measurements, risk mitigation and hedge fund operations. Students are encouraged to start using what they learnt as soon as possible in their work and at home.
|Start Date||Start Time||Duration||Cost||Course Code||Apply|
|Monday 1 October 2012||18:30 - 20:30||10 weekly classes||£350.00||CE1762||Course Full|
|Monday 21 January 2013||18:30 - 20:30||10 weekly classes||£350.00||CE1762||Apply Now|
|Monday 29 April 2013||18:30 - 20:30||10 weekly classes||£350.00||CE1762||Apply Now|
Kulan Mills FCA, FCMA A Chartered and Chartered Management Accountant with Ernst & Young & KPMG background with over 35 years hands-on business finance and senior management roles in large multinational PLC's covering a wide variety of sectors including manufacturing, engineering, trading, chemicals, shipping, hotels, leisure, public sector, charities and Hedge Funds. He has been a director of an international consultancy and uses his experience in team working with and training non-financial management colleagues to make the technically complex issues easy to understand, down to earth, practical and immediately useful. His SME (Small & Medium Sized Enterprise) clients include business start-ups and family businesses. He enjoys providing business development support for growth and profitability as well as for survival in tough times.
EligibilityKeenness to learn new concepts and how they are used in business is an essential requirement. The maths needed is knowledge of simple calculations such as percentages and ratios at a level not more than GCSE maths. Knowledge of Microsoft Excel at a basic level is useful. Classroom exercises require only simple calculations using a calculator. Those with 10+ years working experience will already be exposed to many of the concepts and will find that they gain a lot of usable knowledge.
Good written and spoken English.
What will I learn?
Competitive Advantage needs
Performance & Outlook health check; Easyjet - (H'work)
|CLASS 2||P&L, B/Sheet, C/Flow||The contents & what, why, how & when
How they link up (Trace example in classroom)
|CLASS 3||P&L, B/Sheet, C/Flow||Understanding messages from figures; Influencing operations
Jeanette's Café (Exercise - H'work) An Excel Model is given to participants to keep & use
Pricing, quantity, margins & mix
|CLASS 5||Interest - APR / AER
Managing Capital & Gearing
|What, Why & How; Use of Excel Model (Classroom Exercise) & a model given to keep & use
Efficient Capital Management; Risk, Inflation & Reward factors
Sources of Finance & Factors influencing cost of finance (WACC)
|CLASS 6||Investment Returns & Risk
Errors & Fraud
|DCF/IRR/Payback/Risk (Classroom Exercise) & an Excel model given to keep & use
Types, Prevention & Detection; Internal Control; Internal/External Audit
|CLASS 7||Budgets & Plans
|The Processes; Effectiveness; Perspectives; Target setting & rewarding
Calculate tax (Classroom Exercise); Check your own tax (H'work)
|CLASS 8||Business Valuation
|Basis of valuation; use in buying & selling businesses; Due Diligence
Aspects & use of a more complex Excel Model (H'Work) & a model to keep & use
|CLASS 9||Performance Measurement
Personal Investment Portfolio
|Financial & Non-Financial; balancing Scorecard; Ratios and their relative importance
Construction & Risk balancing; Hedging & Hedge Fund Operations
|CLASS 10||Revision||Revise all topics covered before; How to keep knowledge warm & add to learning in future
Classroom Discussion & Feedback