Finance for Non-Financial Managers

5 days 26 Feb - 2 Mar 2018, London UK £4,995.00 + VAT* Download brochure Add to basket
5 days 30 Sep - 4 Oct 2018, Dubai UAE £4,995.00 Download brochure Add to basket

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Overview

The course covers:

  • Contents of accounts
  • The profit and loss account and balance sheet
  • Ratio analysis
  • Cash flow analysis
  • IFRS, IAS and the IASB
  • The time value of money
  • Project analysis
  • The cost of capital
  • Business valuation
  • Presenting financial information

Who should attend:

  • The course is ideal for those persons seeking a proper grounding in the fundamentals of finance and accounting, including:
  • Non-financial managers from backgrounds such as design, production, engineering, sales, marketing, legal, IT and HR
  • Entrepreneurs and consultants
  • Financial services managers seeking the basics of finance and accounting
  • Other non-financial specialists who wish to know more about finance and accounting

Course background

Finance for Non-Financial Managers is an intensive five-day course designed to provide non-financial managers and others with the knowledge and confidence required to comprehend and participate in financial decision-making and analysis.The course is in the style of a series of presentations interspersed with case study material. Delegates are required to carry out a fair amount of financial manipulation and are introduced to spreadsheets with a number of cases.

The case studies are designed to enable the delegate to take ownership of the knowledge offered by applying it to a case immediately after the relevant presentation. This is further reinforced by the completion of group cases towards the end of the course. The course is ideal for managers and others who are not financially trained, but who need to be familiar with the overall concepts and language used in corporate financial management, financial analysis, credit transactions and other corporate finance activities.

Delegates should have with them a simple calculator for use in financial analysis cases (a specialist financial calculator is not necessary). A portable computer with spreadsheet software is preferable for completing a number of cases. Whilst the course is not explicitly designed as a spreadsheet software training course delegates less familiar with spreadsheets should be able to develop their spreadsheet knowledge from the case study material offered in the course.

Delegates are encouraged to ask questions and develop their knowledge by enquiry. The presentation style is intensive, inclusive and informal. In the pre-course period delegates are expected to read from cover to cover a complete set of published statutory accounts.

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Timothy D H Jury

The course instructor is a chartered accountant, who qualified with KPMG. He has held main board financial and general management directorships in both quoted and private companies. He has considerable experience of management in turnaround situations and has completed a number of acquisitions, disposals and corporate reorganisations.

Following a corporate recovery assignment he joined a major UK consultancy specialising in training for financial services businesses. He spent over two years developing and presenting corporate credit training for a number of large UK banks. Clients included Natwest, HSBC, Lloyds Banking Group, Allied Irish Bank, Co-operative Bank, Hill Samuel Merchant Bank, Swiss Bank Corporation & Trade Indemnity plc.

After a further corporate recovery assignment in the textiles industry he became a full time training and strategy consultant offering courses covering all aspects of corporate lending, financial analysis, accounting, valuation, corporate finance, M&A, strategy and management. He combines his lecturing career with consultancy assignments in strategy and change management and advising on corporate recovery situations.

In-house training initiatives have been completed for Standard Chartered Bank – India, Societe Generale – London, The Kenya Pipeline Company and others, in addition to developing and delivering Euromoney public courses in places such as London, Germany, South Africa, Egypt, Jamaica, Kenya, Ghana, Zimbabwe, Sri Lanka, India, Poland, Romania, Macedonia, Croatia and Hungary. He is involved in graduate and MBA training for London based investment banks such as Deutsche Bank and Barclays Capital. Private consultancy assignments have included advising a leading venture capital fund, the strategic review of a national tape and CD retailer and providing strategy advice and research for a major new business venture in Egypt.

He is the co-author of – Advanced Credit Analysis – published by Euromoney in January 1997.

Dubai
Timothy D H Jury

The course instructor is a chartered accountant, who qualified with KPMG. He has held main board financial and general management directorships in both quoted and private companies. He has considerable experience of management in turnaround situations and has completed a number of acquisitions, disposals and corporate reorganisations.

Following a corporate recovery assignment he joined a major UK consultancy specialising in training for financial services businesses. He spent over two years developing and presenting corporate credit training for a number of large UK banks. Clients included Natwest, HSBC, Lloyds Banking Group, Allied Irish Bank, Co-operative Bank, Hill Samuel Merchant Bank, Swiss Bank Corporation & Trade Indemnity plc.

After a further corporate recovery assignment in the textiles industry he became a full time training and strategy consultant offering courses covering all aspects of corporate lending, financial analysis, accounting, valuation, corporate finance, M&A, strategy and management. He combines his lecturing career with consultancy assignments in strategy and change management and advising on corporate recovery situations.

In-house training initiatives have been completed for Standard Chartered Bank – India, Societe Generale – London, The Kenya Pipeline Company and others, in addition to developing and delivering Euromoney public courses in places such as London, Germany, South Africa, Egypt, Jamaica, Kenya, Ghana, Zimbabwe, Sri Lanka, India, Poland, Romania, Macedonia, Croatia and Hungary. He is involved in graduate and MBA training for London based investment banks such as Deutsche Bank and Barclays Capital. Private consultancy assignments have included advising a leading venture capital fund, the strategic review of a national tape and CD retailer and providing strategy advice and research for a major new business venture in Egypt.

He is the co-author of – Advanced Credit Analysis – published by Euromoney in January 1997.

Venue

London

Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Dubai

Dubai Finance

This programme takes place on a non-residential basis at a central 4 to 5* Dubai hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

Related Courses

Inhouse


 

Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:





Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.

inhouse-learn-more

We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:


Read more about our offering or complete a call back request to speak to a learning specialist.

 

Agenda

Agendas are localised, please select your preferred location.

DAY 1: Dealing with the fundamentals

Introduction to financial analysis

Differences in accounting terminology

Identifying the relationship between cash flow and profit

Development of an integrated cash flow model

Recognising it's all about cash

Understanding the relationships between the three main accounting statements.

Exercise: Accounting terminology

 

Fundamentals of accounting statements: The profit & loss account

Detailed review of the Profit and Loss Account

Profit types - Trading, asset and business

Inventory, Depreciation, Capitalised interest

Minority interests and consolidation

Exceptional and material items

Fundamentals of accounting statements the balance sheet

Detailed review of the Balance Sheet

Understanding the fixed assets note,

Accounting goodwill – What is it?

Liabilities, pension fund accounting

Debt and other liabilities like debt

Deferred tax, contingent liabilities

Accounting abuses and update

Abuses of Fair Accounting

Basic abuses relevant to all businesses

More complex abuses relevant to larger groups

Case study: Delegates examine and evaluate the P&L of this major company

 

DAY 2: Cash flow analysis and accounting issues

Understanding cash flows

Detailed review of the Cash Flow Statement

Analysing and interpreting cash flows

Summarising cash flows for analysis

Case study: Summarising cash flows
Delegates summarise cash flows for analysis purposes

 

Cash flow analysis

The four phases in the life of a business

Case study: Examining patterns of cash flows
Delegates match cash flows to sectors

Dealing with the consequences of growth and no-growth.

Case study: Growth & no-growth cash flows
Delegates restate cash flows to improve their understanding of performances

 

Financial analysis techniques – Ratio analysis

Objectives of ratio analysis

Developing ratio analysis skills

Different types of ratios

How much information is there in ratios?

Ratio rules – Avoiding errors of principle

Case study: Use of ratios
Delegates match ratios to different types of businesses.
Delegates consider what ratios do and do not tell us.

 

Global accounting in the new century

Overview of the International Accounting Standards Board

The implications of the IAS Initiative

Review of new standards produced in the last five years

DAY 3: Financial mathematics and project analysis

The time value of money

Present & future values

Defining the discount factor

Exercises: Discounting calculations

 

Net present value (NPV) – Developing the concept

NPV's and varying future cash flows

Perpetuities and annuities

Exercises: Annuities and perpetuities

 

Project analysis

Introduction to project analysis

Developing a forecast of the project cash flows

Identifying the key risk areas

Evaluating capital investment projects

Discounted cash flow techniques

Calculating the internal rate of return

Case study: Speculative housing project
Delegates perform investment appraisals to decide whether to proceed with a capital investment
Case study: Project analysis
Delegates create a summary of the project cash flows & Identify the principal project risks

Case study: Eight Projects
Delegates evaluate a number of projects and decide which projects should be pursued and which rejected.

 

Management information

Budgeting

Monthly reporting

Costing

Forecasting

Planning

Credit analysis - The basic concepts

Introducing credit analysis frameworks

Financial analysis – Review of the issues

Non-financial analysis – Developing a framework

DAY 4: Cost of capital and valuation

The cost of capital and the underlying corporate finance theory

The cost of debt

The capital asset pricing model

The tax subsidy effect

The cost of equity

Portfolio theory

The Equity Risk premium

Completing the WACC

Mogdiliani Miller and the theory of leverage

Exercise: Cost of capital calculation

 

Funding structures

The relationship between business risk & financial risk

The four phases of the corporate life-cycle

Identifying appropriate funding structures

Recognising the drivers of funding strategies

Cash flow valuation

Preparing the forecast

Identifying the free cash flows

Competing the valuation

Case study: Beatific

 

Other valuation methods

Earnings based valuation

Dividend discounting

Asset valuation

Case study: Valuation methods - Magnificence

 

The need for growth

A review of the consequences of our understanding of the WACC and valuation for those responsible for managing listed business

DAY 5

Case studies and presentation skills

Case study: Business analysis
Delegates analyse a business using the methods learned in the course

 

Case study: Business valuation
Delegates value a business using the methods learned in the course.

 

Case study: Financial presentation in small groups
Delegates prepare and give a presentation of the salient features gained from the analysis case in session one using spreadsheets and graphics.

DAY 1: Dealing with the fundamentals

Introduction to financial analysis

  • Differences in accounting terminology
  • Identifying the relationship between cash flow and profit
  • Development of an integrated cash flow model
  • Recognising it's all about cash
  • Understanding the relationships between the three main accounting statements.

Exercise: Accounting terminology

Fundamentals of accounting statements: The profit & loss account

  • Detailed review of the Profit and Loss Account
  • Profit types - Trading, asset and business
  • Inventory, Depreciation, Capitalised interest
  • Minority interests and consolidation
  • Exceptional and material items

Fundamentals of accounting statements the balance sheet

  • Detailed review of the Balance Sheet
  • Understanding the fixed assets note,
  • Accounting goodwill – What is it?
  • Liabilities, pension fund accounting
  • Debt and other liabilities like debt
  • Deferred tax, contingent liabilities

Accounting abuses and update

  • Abuses of Fair Accounting
  • Basic abuses relevant to all businesses
  • More complex abuses relevant to larger groups

Case study: Delegates examine and evaluate the P&L of this major company

DAY 2: Cash flow analysis and accounting issues

Understanding cash flows

  • Detailed review of the Cash Flow Statement
  • Analysing and interpreting cash flows
  • Summarising cash flows for analysis

Case study: Summarising cash flows
Delegates summarise cash flows for analysis purposes

Cash flow analysis

  • The four phases in the life of a business

Case study: Examining patterns of cash flows
Delegates match cash flows to sectors

  • Dealing with the consequences of growth and no-growth.

Case study: Growth & no-growth cash flows
Delegates restate cash flows to improve their understanding of performances

Financial analysis techniques – Ratio analysis

  • Objectives of ratio analysis
  • Developing ratio analysis skills
  • Different types of ratios
  • How much information is there in ratios?
  • Ratio rules – Avoiding errors of principle

Case study: Use of ratios
Delegates match ratios to different types of businesses.
Delegates consider what ratios do and do not tell us.

Global accounting in the new century

  • Overview of the International Accounting Standards Board
  • The implications of the IAS Initiative
  • Review of new standards produced in the last five years

DAY 3: Financial mathematics and project analysis

The time value of money

  • Present & future values
  • Defining the discount factor

Exercises: Discounting calculations

Net present value (NPV) – Developing the concept

  • NPV's and varying future cash flows
  • Perpetuities and annuities

Exercises: Annuities and perpetuities

Project analysis

  • Introduction to project analysis
  • Developing a forecast of the project cash flows
  • Identifying the key risk areas

Evaluating capital investment projects

  • Discounted cash flow techniques
  • Calculating the internal rate of return

Case study: Speculative housing project
Delegates perform investment appraisals to decide whether to proceed with a capital investment

Case study: Project analysis
Delegates create a summary of the project cash flows & Identify the principal project risks

Case study: Eight Projects
Delegates evaluate a number of projects and decide which projects should be pursued and which rejected.

Management information

  • Budgeting
  • Monthly reporting
  • Costing
  • Forecasting
  • Planning

Credit analysis - The basic concepts

  • Introducing credit analysis frameworks
  • Financial analysis – Review of the issues
  • Non-financial analysis – Developing a framework

DAY 4: Cost of capital and valuation

The cost of capital and the underlying corporate finance theory

  • The cost of debt
  • The capital asset pricing model
  • The tax subsidy effect
  • The cost of equity
  • Portfolio theory
  • The Equity Risk premium
  • Completing the WACC
  • Mogdiliani Miller and the theory of leverage

Exercise: Cost of capital calculation

Funding structures

  • The relationship between business risk & financial risk
  • The four phases of the corporate life-cycle
  • Identifying appropriate funding structures
  • Recognising the drivers of funding strategies

Cash flow valuation

  • Preparing the forecast
  • Identifying the free cash flows
  • Competing the valuation

Case study: Beatific

Other valuation methods

  • Earnings based valuation
  • Dividend discounting
  • Asset valuation

Case study: Valuation methods - Magnificence

The need for growth

  • A review of the consequences of our understanding of the WACC and valuation for those responsible for managing listed business

DAY 5

Case studies and presentation skills

Case study: Business analysis
Delegates analyse a business using the methods learned in the course

Case study: Business valuation
Delegates value a business using the methods learned in the course.

Case study: Financial presentation in small groups
Delegates prepare and give a presentation of the salient features gained from the analysis case in session one using spreadsheets and graphics.

Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product