2024 Finance for Non-Finance Directors 1 Day Courses

Chartered Management Institute Recognised Director Training Courses and Workshops

This course is assessed as “Excellent” by its delegates. 

Delegate numbers are limited to a maximum of 8.

The Finance for Non-Finance Directors course is designed to take any Director from whatever financial knowledge they currently have, up to a strong working ability covering all of the financial knowledge areas and skills that are essential to successfully manage and run any company.

All Directors would benefit from this course, from new Directors right up to the Chief Executive and the Chair. This is because most Directors have absorbed financial knowledge piecemeal from their colleagues. That knowledge is often patchy and incomplete. This course will provide a solid and complete financial knowledge base, upon which to build a high level of financial knowledge and skills.

Professional Directors Association Approved Courses

This Finance for Non-Finance Directors course will enable you to satisfy all of your legal financial duties and to analyse and interpret any Balance Sheet, Profit & Loss Account or Cash Flow statement.

You will learn to recognise and understand the impact of the Fundamental Accounting Concepts and Generally Accepted Accounting Principles (GAAP) on any company’s Financial Statements. You will be able to manage Financial Risk, whilst maximising long term Profitability.

You will be able to understand and use P/E Ratios, ROCE, ROI, Gearing, Current Ratio, Quick Ratio, Stock Days, Debtor Days and Creditor Days. You will become familiar with techniques such as NPV, Net Present Value, DCF, Discounted Cashflow, Net Asset Value, Enterprise Value and EBITDA.

Institute of Leadership and Management Approved Training Centre

Costing methods based upon Break Even analysis and Contribution analysis will be contrasted with Overhead Cost Allocation approaches to identify their relative strengths and weaknesses. You will be able to understand and manage the relationship between ROCE, ROI and Gearing.

You will be able to value possible company acquisitions and disposals using techniques such as P/E Ratios and EBITDA ratios, as well as evaluate the likely change in the market value of your own organisation as a result of the potential acquisition or disposal. You will understand the purpose of consolidated accounts and the key information hidden within those accounts.

You will gain a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills. The course places great emphasis on hands-on case studies and discussions, where attendees get the opportunity to practice their newly acquired skills and knowledge, to reinforce the learning process and to really integrate them into their core knowledge and skill set.

Company law requires all Board Directors to understand their own accounts and holds the Directors collectively responsible for the validity of the annual financial accounts. Directors must not approve their annual financial statements, unless they are satisfied that they give a true and fair view.

Professional Directors Association Authorised Courses

Please click here for more information about the Statement of Directors Responsibilities. These are the Financial Responsibilities under the Companies Acts.

Please click here for more information about the General Duties of Directors under the Companies Acts.

Finance for Non-Finance Directors topics include the Balance Sheet, the Profit & Loss Account, the Cash Flow statements, NPV, Net Present Value, DCF, Discounted Cashflow techniques, Net Asset Value, P/E Ratios, ROCE, ROI, Gearing, Current Ratio, Quick Ratio, Stock Days, Debtor Days and Creditor Days Enterprise Value, EBITDA, the Fundamental Accounting Concepts, Generally Accepted Accounting Principles, GAAP, Generally Accepted Accounting Principles, Cash Management and Forecasting, the relationship between ROCE, ROI, Gearing and many more.  Break Even analysis and Contribution Analysis will be contrasted with overhead cost allocation approaches to identify their relative strengths and weaknesses.

CPD – Formal Certificates of Professional Development will be issued to all delegates.

This course is formally accredited by the Professional Directors Association. Their logo along with that of Excellence in Learning will be on the 1 day course certificates. These certificates will be accepted as evidence for CPD purposes by most professional institutes and associations, including the Law Society, the CIM, the CMI, the ICAEW, the Institute of Learning and the CIPD.

Our clients regularly award our courses an “Excellent” overall rating

Please click here to explore running this as an in-house course

Chartered Management Institute Recognised Training Centre for Director Training Courses

2024 Finance for Non-Finance Directors Courses, 1 Day, Maximum 8 Director Delegates

Finance for Non-Finance Directors 1 Day Courses

Chartered Management Institute Recognised Director Training Courses and Workshops

This Finance for Non-Finance Directors course is assessed as “Excellent” by its delegates. To ensure that the delegates attending this training course will continue to get the maximum possible benefit. Delegate numbers will be limited to a maximum of 8.

The Finance for Non-Finance Directors course is designed to take any Director from whatever financial knowledge they currently have, up to a strong working ability covering all of the financial knowledge areas and skills that are essential to successfully manage and run any company. It will enable you to satisfy all of your legal financial duties and to analyse and interpret any Balance Sheet, Profit & Loss Account or Cash Flow statement.

You will learn to recognise and understand the impact of the Fundamental Accounting Concepts and Generally Accepted Accounting Principles (GAAP) on any company’s Financial Statements. You will be able to manage Financial Risk, whilst maximising long term Profitability.

You will be able to understand and use P/E Ratios, ROCE, ROI, Gearing, Current Ratio, Quick Ratio, Stock Days, Debtor Days and Creditor Days. You will become familiar with techniques such as NPV, Net Present Value, DCF, Discounted Cashflow, Net Asset Value, Enterprise Value and EBITDA.

Institute of Leadership and Management Approved Training Centre

Costing methods based upon Break Even analysis and Contribution analysis will be contrasted with Overhead Cost Allocation approaches to identify their relative strengths and weaknesses. You will be able to understand and manage the relationship between ROCE, ROI and Gearing.

You will be able to value possible company acquisitions and disposals using techniques such as P/E Ratios and EBITDA ratios, as well as evaluate the likely change in the market value of your own organisation as a result of the potential acquisition or disposal. You will understand the purpose of consolidated accounts and the key information hidden within those accounts.

You will gain a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills. The course places great emphasis on hands-on case studies and discussions, where attendees get the opportunity to practice their newly acquired skills and knowledge, to reinforce the learning process and to really integrate them into their core knowledge and skill set.

Company law requires all Board Directors to understand their own accounts and holds the Directors collectively responsible for the validity of the annual financial accounts. Directors must not approve their annual financial statements, unless they are satisfied that they give a true and fair view.

Professional Directors Association Authorised Courses

This Finance for Non-Finance Managers course will enable you to read, analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements.  You will become familiar with techniques such as Net Asset Value, P/E Ratios, ROCE, ROI, Gearing, Current Ratio, Quick Ratio, Stock Days, Debtor Days and Creditor Days Enterprise Value and EBITDA. You will recognise and understand the impact of the Fundamental Accounting Concepts and Generally Accepted Accounting Principles, GAAP, Generally Accepted Accounting Principles, on any Balance Sheet and Profit & Loss Account. Costing methods based upon break even analysis and contribution analysis will be contrasted with overhead cost allocation approaches to identify their relative strengths and weaknesses. It will provide a good understanding of cash management and forecasting.  You will be able to manage the relationship between ROCE, ROI and Gearing.

All Directors would benefit from this course, from new Directors right up to the Chief Executive and the Chair. This is because most Directors have absorbed financial knowledge piecemeal from their colleagues. That knowledge is often patchy and incomplete. This course will provide a solid and complete financial knowledge base, upon which to build a high level of financial knowledge and skills.

The Senior Course Leader is one of the best qualified people in the UK to deliver this course.  He is a Fellow of the Institute of Chartered The Senior Course Leader is one of the best qualified people in the UK to deliver this course.  He is a Fellow of the Institute of Chartered Accountants of England and Wales, an FCA, and a Chartered Director (awarded by the Institute of Directors). He is also a Fellow of the Institute of Consulting and sits on the Thames Valley Board of the Chartered Management Institute. For several years he was the Senior Finance for Non-Finance Managers Course Leader for the Chartered Management Institute. He has over 30 years of successful practical UK and International experience, including company acquisitions and disposals, as well as growing companies from start-up to multimillion-pound businesses.  He spent 7 years as the Finance Director and then the Chief Executive of a Plc.  Prior to that he spent 14 years with KPMG Management Consulting, IBM and Arthur Andersen.

Institute of Leadership and Management approved training centre.

CPD – Formal Certificates of Professional Development will be issued to all delegates.

This course is formally accredited by the Professional Directors Association. Their logo along with that of Excellence in Learning will be on the 1 day course certificates. These certificates will be accepted as evidence for CPD purposes by most professional institutes and associations, including the Law Society, the CIM, the CMI, the ICAEW, the Institute of Learning and the CIPD.

Our clients regularly award our courses an “Excellent” overall rating

Run this as an in-house course

  • Excellent Delegate Feedback

    ‘Fantastic Course.’
    Ben McConnochie – Senior Manager, Iqvia Limited

    ‘Great Course and Definitely Informative.’
    Yag Depala – Sales Director, Reflex Limited

    ‘Excellent. The course leader delivered the course in such a way that he kept my attention. I learnt such a lot, feeling far more confident in the world of finance.’ Christina Hack – Construction Projects Manager, Crocus Contracts Limited

    ‘I got out of the course exactly what I needed. Put across very well. Not as hard to understand as I thought it would be!’ Andrew Callaghan – Manufacturing Manager, Alucast Limited

    ‘Lots of good info and examples. Good engagement with the group.’ Dr Christopher Dudfield – Chief Technology Officer, Intelligent Energy Limited

    ‘Good coverage- just what I was looking for. Good delivery and subject knowledge.’ Dr Ashley Kells – EC Programme Director, Intelligent Energy Limited

    ‘Excellent! Philip’s delivery and clarity are excellent.’
    Colin Hunter – Partner, Coodes LLP

    ‘Would Highly Recommend this Positive and Worthwhile Course.’
    Daniel Altabas – Director, ADS Joinery Design Ltd

    ‘Brilliant’
    David Bence – Consultant, Blacknor Consultancy

    Really Useful, Very Helpful, Personal Help and attention, thank you.’
    Andrew Chalmers – Managing Director, Ballard Chalmers Ltd

    ‘Excellent Course.’
    Peter Lamble – Chairman, Coodes LLP

    ‘Excellent Tutor who used appropriate and relevant real life examples.’
    Graham McPhail – Head of Education & Training, CITB, Construction & Industry Training Board

    ‘Really Great Practical Examples to bring the concepts to life.’
    Stephen Bowler – Associate Director, BGL Group Ltd

    ‘Explained the concepts in a manner that was understood by all’
    Daniel Evans – Senior Fleet Superintendent, AW Ship Management

    ‘An Absolutely Brilliant Training Session on finance for non-financial managers. It was the best training course I’ve ever attended.’
    Charlotte Sansom – Senior PR Manager, DWF LLP

    ‘Philip is Very Enthusiastic and Engaging. The course encourages questions and uses real life examples to substantiate answers, very helpful.’
    Charles Birkett – Director& General Manager, Ardmore Healthcare Ltd

    ‘Great Course, Very Informative and In-depth.’
    Scott Pudney – Operations Manager, Rosti Automotive Stamford Bridge Ltd

    ‘Fantastic Course, Great Course Leader – Philip made it interesting and brought it to life.’
    Nancy Artell – Senior Risk & Compliance Partner, Swinton Group Ltd

    ‘Excellent Overview’
    Paul Broadhurst – Managing Director,Hauser GmbH UK

    ‘Philip was excellent – knows his subject and delivered it with passion’
    Jez Alcock – Chief Executive, Healthwatch Nottinghamshire

    ‘Held my attention!’
    Dallas Pounds – Chief Executive Officer, Royal Trinity Hospice

    ‘Excellent level of detail and knowledge delivered clearly and with great enthusiam.’
    Chris Wheeler – Key Account Manager, Gulmay Ltd

    ‘Tremendous course. Course leader was extremely impressive and knowledgeable.’
    Lydia Fairfax – Vice President, Legal, Discovery Communications

    ‘This is a fantastic course that has given me real confidence to take more of an active role in my businesses’ financial operations, Thank you.’
    Director of a large communications company

    ‘Excellent course. Knowledgeable course leader provided us with all the essential details that a non-finance manager needs to approach financial analysis, backed up with insightful comments and examples, resulting in delegates taking away practical and readily applicable skills.’
    Operations Manager of a large logistics and storage company

    ‘An excellent course.’
    Catherine Lewis – Vice Principal, Corporate Services, NPTC Group

    ‘Perfect, best investment I ever made’
    Michael Waller – Chief Executive, WYP

    ‘An excellent course.’
    Owen Davies – Business Development Manager, Severn Trent

    ‘Informative and well paced, perfect.’
    Martin Randall – Sales Director, Vision Plc

    ‘Very interesting, very comprehensive and flexible’
    Bryony Lester – Superstat Limited

    ‘Tutor was extremely knowledgeable’
    Lorraine Nicholson – Access Training

    ‘Very good, many thanks’
    Robert Leach – Mosdorfor CCL Systems Limited

    ‘Philip has an excellent clear and approachable style.’
    Catherine Gallagher – HR Manager, Crown Prosecution Service

    ‘A great course …… I’ve recommended this internally.’
    Director of a large practice of chartered surveyors

    ‘I found the analysis of real companies particularly helpful.’
    Alison Biegel, Operations Manager, Anglia Tours Limited

    ‘I would recommend this course – Enjoyed the course’
    Peter Crosby – Briton Price Limited

    ‘Phil is simply superb. So knowledgeable and experienced. An excellent course.’
    Rupert Tate – Chief Executive Officer, Bear Grylls Ventures

  • Finance for Non-Finance Directors Course Overview

    This Finance for Non-Finance Directors course is assessed as “Excellent” by its delegates. To ensure that the delegates attending this training course will continue to get the maximum possible benefit. Delegate numbers will be limited to a maximum of 8.

    The Finance for Non-Finance Directors course is designed to take any Director from whatever financial knowledge they currently have, up to a strong working ability covering all of the financial knowledge areas and skills that are essential to successfully manage and run any company.

    This training course is being constantly updated to always contain the latest financial information and issues, as well as planned or likely future financial changes.

    This one day Finance for Non-Finance Directors Training Course places great emphasis on hands-on case studies and discussions, where attendees get the opportunity to practice their newly acquired skills and knowledge, to reinforce the learning process and to really integrate them into their core knowledge and skill set.

    This 1 day Finance for Non-Finance Directors Course will enable you to read, analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements.  You will become familiar with techniques such as Net Asset Value, P/E Ratios, ROCE, ROI, Gearing, Current Ratio, Quick Ratio, Stock Days, Debtor Days and Creditor Days Enterprise Value and EBITDA.  You will recognise and understand the impact of the Fundamental Accounting Concepts and Generally Accepted Accounting Principles, GAAP, Generally Accepted Accounting Principles, on any Balance Sheet and Profit & Loss Account.  Costing methods based upon break even analysis and contribution analysis will be contrasted with overhead cost allocation approaches to identify their relative strengths and weaknesses. It will provide a good understanding of cash management and forecasting.  You will be able to manage the relationship between ROCE, ROI and Gearing.

    You will be able to value possible company acquisitions and disposals using techniques such as P/E Ratios and EBITDA ratios, as well as evaluate the likely change in the market value of your company as a result of the potential acquisition or disposal.

    You will gain a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills.  That theoretical knowledge will be reinforced by practical hands-on case studies.

    All Directors would benefit from this course, from new Directors right up to the Chief Executive and the Chair. This is because most Directors have absorbed financial knowledge piecemeal from their colleagues. That knowledge is often patchy and incomplete. This course will provide a solid and complete financial knowledge base, upon which to build a high level of financial knowledge and skills.

    The absorption of the new financial knowledge and skills is easily achieved through a very effective and relaxed approach to learning, which is significantly enhanced by the detailed discussions and extensive case studies.

  • Finance for Non-Finance Directors Course Content

    THIS DAY

    Accounting and the Law

    • Accounting principles, policies & GAAP accounting
    • Terminology & Jargon
    • The different legal structures under which organisations can operate and their advantages and disadvantages
    • The two different sets of accounting standards (rules) available and how to choose between them at a senior level

     

    The Three Key Financial Statements

    • Balance Sheets: Assets; Liabilities; Net current assets, capital employed and how to interpret the information
    • Profit & Loss Account, Types of profit, and the layout & use of the profit & loss account
    • Cash Flow Statements: Importance of cash flow and Impact of credit and credit control, Problems affecting cash flow, Dealing with Debtors and Creditors

     

    Using Key Ratios to Analyse Accounts and to Support Investment Decisions

      • Return on Capital Employed (ROCE)
      • Current Ratios and Quick Ratios
      • Debtor Days and Creditor Days
      • Stock days and Stock Turn
      • Investment decisions and Return on Investment (ROI)
      • Gearing and its impact upon risk and returns; is the level of borrowing too risky?
      • Liquidity, could the company hit cash flow problems?
      • Profitability, how well is the company doing?

       

    Working Capital Management and Cash Flows

    • Converting operating profits into cash flow
    • Cash forecasts
    • Cash Management and Liquidity

     

    Revenue and Capital Expenditure

    • Capital Expenditure and Revenue Expenditure
    • Phasing of capital spend and its implications for budget holders

     

    Depreciation and Amortisation of Assets and liabilities

    • What is Depreciation
    • What is Amortisation

     

    Costing and the Impact of Costing Assumptions on Business Decisions

    • Cost types & behaviours and their Impact on decisions
    • Break-even and Contribution Analysis
    • How costs are determined
    • Direct and Indirect Costs: Fixed, Mixed and Variable costs
    • Activity Based Costing (ABC) and Activity Based Management (ABM)
    • Standard Costing, Marginal Costing, Absorption Costing and Activity Based Costing (ABC)
    • How frequently used cost allocation methods and calculated profitability by product can cause incorrect key strategic decision making
    • Predicting and Maximising profits
    • How the chosen cost structure can affect the planning and decision making process

     

    Company Valuations

    • EBITDA (Earnings Before Interest, Taxation, Depreciation and Amortisation) and PE ratio valuations
    • What is your company worth?
    • What are other companies worth?
    • Goodwill; its purpose, calculation and it impact on profits and dividends

     

  • Finance for Non-Finance Directors Training Course Leaders

    The Senior Course Leader is a Fellow of the Institute of Chartered Accountants of England and Wales, an FCA, and a Chartered Director; the Board Director qualification awarded by the Institute of Directors. He is also a Fellow of the Institute of Consulting and sits on the Thames Valley Board of the Chartered Management Institute. For several years he was also the Senior Finance for Non-Finance Managers Course Leader  for the Chartered Management Institute.

    He spent 11 years on the Chartered Director Committee of the Institute of Directors, which determined what UK Board Directors should know, in order to properly fulfil their role as a company director. This committee helped to shape the Institute of Directors examination syllabus in the UK. After his time on the Chartered Director Committee, he served for a year on the Accreditation and Standards Committee of the Institute of Directors.

    He has been closely involved in all aspects of the professional development of directors and managers within the UK, for more than 7 years. In addition to professional development services, he is actively involved in company acquisitions and disposals, as well as providing financial consulting services at board level. He has practical experience of funding new investments, including procuring millions of pounds of Equity Share Capital.

    He has over 30 years of successful UK and International experience, including 7 years as the Finance Director and then the Chief Executive of a Plc.  Prior to that he spent 14 years with KPMG Management Consulting, IBM and Arthur Andersen.

    His delivery style is dynamic, approachable and highly engaging, enabling him to deliver a workshop that you will remember. His courses are always assessed as “Excellent” by the delegates.

  • Finance for Non-Finance Directors Course Learning Objectives

    This Finance for Non-Finance Directors training course will provide a good grasp of the key elements of Management Accounts and Statutory Financial Accounts. It will introduce and explain NPV and DCF techniques, Net Present Value and Discounted Cash Flow. You will gain a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills.

    Attendees will become highly skilled at reading and understanding Balance Sheets and Profit & Loss Accounts. You will become more involved with all types of financial discussions within your organisation. You will be more confident and comfortable when communicating with fellow directors, investors, suppliers and key clients.

    You will be able to value possible company acquisitions and disposals using techniques such as P/E Ratios and EBITDA ratios, as well as evaluate the likely change in the market value of your own organisation as a result of the potential acquisition or disposal. You will understand the purpose of consolidated accounts and the key information hidden within those accounts.

    By the end of this training course participants will be better able to:

    • Read, analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements
    • Understand and quantify the impact of the fundamental accounting concepts and the chosen policies upon any set of accounts
    • Recognise and understand the underlying impact of the generally accepted accounting principles and policies on any Balance Sheet and Profit & Loss Account
    • Understand the key differences between statutory published accounts and the internal monthly management accounts
    • Select the most appropriate method of costing for your organisation and to explain the impact of your choice
    • Analyse and make sound investment decisions based upon break even analysis and contribution analysis, with a good understanding of their relative strengths and weaknesses
    • Identify and discuss the key financial issues facing an organisation
    • Understand the wider commercial impact of any business decision and its interaction with non-financial aspects of the organisation, enabling you to make a better contribution to key discussions and decision making processes within the organisation
    • Understand the basics of budgets and the implementation of budgeting processes
    • Value any business using commonly used and widely accepted valuation techniques such as Net Asset Value, Enterprise Value and EBITDA
    • Evaluate potential company acquisitions in terms of their market price and the likely impact upon the market value and key financial numbers of your own business
    • Communicate more effectively and easily with fellow Directors and investors. Through an in depth understanding of financial terminology, management and evaluation techniques
    • Evaluate and identify the financial impact of combining different levels of Gearing with Return on Investment, ROI, to achieve different levels of Return on Capital Employed, ROCE. Understand the concept of Financial Risk and its relationship to gearing
    • Understand the purpose of consolidated accounts and recognise the hidden red flags within the numbers
    • Be able to identify the most appropriate legal structure for a business and understand the principal financial duties of the Board.
  • Who Should Attend This Finance for Non-Finance Directors Training Course

    All Directors would benefit from this course, from new Directors right up to the Chief Executive and the Chair. This is because most Directors have absorbed financial knowledge piecemeal from their colleagues. That knowledge is often patchy and incomplete. This course will provide a solid and complete financial knowledge base, upon which to build a high level of financial knowledge and skills.

  • Internal Staff Training and Development

    This Finance for Non-Finance Directors Course, along with most of our other best practice training workshops, can be delivered as an internal training course at your premises. Even with small groups, the course fees per person for internal training workshops can be lower than for open events. The potential savings are even greater, if the travel time and the travel costs of the delegates are included.

    Running training course and workshops internally is very convenient for many of our clients and allows their participants to explore how key issues will impact on them and their organisation. This approach is favoured by many of our clients as it combines a high quality service with excellent value for money and is a highly effective route for staff development.

    In-House Course for Staff Training and Development

  • Certificates of Professional Development

    CPD – Formal Certificates of Professional Development will be issued to all delegates.

    These certificates will be accepted as evidence for CPD purposes by most other professional institutes and associations, including the Institute of Leadership and Management, the Law Society, the CIM, the ICAEW, the CMI, the Institute of Learning and the CIPD.

    This course is assessed as “Excellent” by its delegates.