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Chartered Management Institute Recognised Training Centre for Director and Finance Training Courses.

This course is assessed as “Excellent” by its delegates. To ensure that the executives attending this training course will continue to get the maximum possible benefit; the delegate numbers will normally be limited to a maximum of 8.

This Finance course will enhance your ability to read analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements.  This will be made more real by each delegate being encouraged to nominate a set of accounts for analysis.  This course places great emphasis on practical hands-on case studies.

You will become more 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.  Costing methods based will be discussed and contrasted with overhead cost allocation approaches to identify their relative strengths and weaknesses.  You will understand the impact of new acquisitions upon your consolidated accounts.

It will provide a good understanding of budgeting, zero based budgeting, cash management and cash forecasting.  You will become better at managing the relationship between ROCE, ROI and Gearing.  The Balanced Scorecard will be explained, along with the Strategic Reporting requirements.

Formal Certificates of Professional Development will be issued to participants who successfully complete this training course. These certificates will be accepted as evidence for CPD purposes by most professional institutes and associations.

• "Excellent" Delegate Comments on the Finance for Non-Finance Directors Training Course

  ‘Many thanks, I have enjoyed the course and learnt a lot. The delivery has been really good. The second day has helped a lot in consolidating the concepts.’
  Carmen Colomina – Practice Director, Social Care Institute for Excellence

  ‘The course has great content and gives a good understanding of business finance. Course will enable me to understand my business accounts better.’ Roger Pleasants – Board Director, Project Solver Limited

  ‘Excellent course. Upon completion more knowledgeable on the subject. Will recommend to colleagues.’ Paul Doyle – Operations Director, Bauer Technologies Ltd

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

  ‘ Massively useful – it was like opening a book that I now have a greater understanding of’
  Adam Godfrey – Senior Partner, Stiles Harold Williams LLP

  ‘An excellent course.’ Sukhjit Gill – Managing Director, Inclusive Technology

  ‘Excellent second day’ Graham Batters – Regional Manager, Ball and Young Ltd

  ‘Good number of examples made what I expected to be a dry subject interesting’
  David Elsy – Partner, Withers & Rogers LLP

  ‘Second day in particular was helpful to put concepts in place and to discuss issues related to our own organisations – thanks’
  Hanneke Lam – Business Manager, Agrinatura EEIG

  ‘Very interesting and useful course.’Andrew Naismith – Managing Director, CAE UK Plc and CAE ATS Plc

• Finance for Non-Finance Directors Course Overview

  This Finance for Non-Finance Directors training course places great emphasis on practical hands-on case studies and discussions, where attendees get the opportunity to practice their newly acquired skills and knowledge.  This course places great emphasis on practical hands-on case studies.  These will be made more real by each delegate being encouraged to nominate a set of accounts for analysis.

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

  This Finance course will enhance your ability to read analyse and interpret any set of Financial Statements, including the Balance Sheet, the Profit & Loss Account and the Cash Flow statements.  It will provide a good grasp of the key elements of Management Accounts and Statutory Financial Accounts, including ratio analysis.  You will become more 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.

  Costing methods based will be discussed and contrasted with overhead cost allocation approaches to identify their relative strengths and weaknesses.  You will understand the impact of new acquisitions upon your consolidated accounts.

  It will provide a good understanding of budgeting, zero based budgeting, cash management and cash forecasting.  You will become better at managing the relationship between ROCE, ROI and Gearing.  The Balanced Scorecard will be explained, along with the Strategic Reporting requirements.

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

  The training course will be ideal for those executives who have had limited direct experience of numerically based business management and analytical techniques. They may therefore wish to take a measured approach to the assimilation and absorption of the new financial knowledge and skills. This objective is easily achieved through a very effective and relaxed approach to learning, which is significantly enhanced by the detailed discussions and extensive case studies.

  It will also provide a sound theoretical financial knowledge base upon which to build and acquire new and more advanced financial management skills.  The theoretical knowledge will be frequently reinforced by practical hands-on case studies.

  You will become more involved with all types of financial discussions within your organisation. You will be more confident and comfortable when communicating with financial managers, directors, investors, suppliers and key clients.

  To ensure that the executives attending this training course will continue to get the maximum possible benefit; the delegate numbers will normally be limited to a maximum of 8.

• Finance for Non-Finance Directors Course Content

  THIS DAY:

  Summary Financial Overview

  • Accounting laws and standards
  • UK and EU Financial Reporting Standards, key differences and which is best for you, how to choose between them at a senior level
  • Fundamental Accounting Concepts
  • Financial Statements Structure, Meaning and Terminology; assumes a level of basic knowledge such as would be gained from our 1 day Finance for Non-Finance Managers course

   

  Forecasts, Cash and Budgets

  • The purpose of forecasts for the business
  • Budget objectives and cascading budget objectives
  • Budgetary Control as a management tool
  • Historic v Zero Based budgeting methods
  • Working Capital Cycle

   

  Consolidated Accounts

  • Their purpose and definition
  • Goodwill evaluation and its stated value in the accounts
  • Amortisation of intangibles and their impact upon dividends
  • Definition and Management of ROCE (Return on Capital Employed), Gearing and ROI (Return on Investment)
  • Maximising EBITDA, Earnings Before Interest, Taxation, Depreciation and Amortisation

   

  Company Acquisitions and Disposals

  • The valuation of target company acquisitions
  • The treatment of company acquisitions and disposals
  • The impact and timing of acquisitions upon finances
  • Financial pitfalls relating to acquisitions
  • The impact of acquisitions upon your market value
  • Looking through Window Dressing of accounts

   

  Overview of Net Present Value, Discounted Cash Flow and Project Evaluation

  Strategic Report Overview – requirements and applicability

  Case Studies of Real Accounts -Nominated by the Delegates

  • Delegates’ own accounts downloaded from Companies House
  • Or the accounts of another company of interest, nominated by the delegate, e.g. a competitor or a potential acquisition target

   

  Operational Financial Management Aspects

  • Recent major Accounting Changes and their Board level impact upon the Balance Sheet and EBITDA
  • Recent Changes to the recognition of Profits and Sales
  • Pension Issues
  • Financing of Acquisitions
  • The Balanced Scorecard

   

  Share Price and Share Valuation

  • The importance of Share Price/Valuation
  • Maximising Shareholder Value
  • Acquisitions as a tool to create shareholder value and move the Share Price upwards
  • Management of the Share Price/Valuation
  • Share Buybacks versus Dividends
• Finance for Non-Finance Directors 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 training course will enable participants to better understand the key attributes and concepts that underpin a strategic and tactical financial approach to management.

  Wherever possible the delegates will be able use their own accounts, or those of another company of interest, as case studies.  This will put the learning into the context of their own company accounts.

  It 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 financial managers, 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
  • 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 amongst managers and 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 Finance Managers, and other Finance professionals; 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 Training Course

  All Senior Executives would benefit from attending this course, from department heads right up to the Chief Executive and the Chairman/Chairwoman.  This is because most people have absorbed their financial knowledge piecemeal from those colleagues with financial skills that they have encountered.  This means their knowledge is patchy and incomplete.  This course will provide a solid and complete financial knowledge base.

  These are some of the executives who would benefit from this course: Chief Executive Officers, Board Chairmen and Board Chairs, IT Directors, Logistics Directors, Operations Directors, HR Directors, Technical Directors, Commercial Directors, Sales Directors, Marketing Directors, Company Secretaries, General Managers, all Non-Executive Directors, all Trustees, all Investors, all Board Consultants and Advisors, all Department Heads, and any other managers or executives interested in improving their financial skills and knowledge for the benefit of their organisation and their personal career development.

• In-House Course for Staff Training and Development

  This training workshop, along with most of our other best practice training workshops, can be delivered as an internal training course at your premises. Even with groups as small as 6 delegates, 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 workshops internally is very convenient many of our clients and allows the participants to explore how key issues will impact on them and their organisation. Then as a team they can begin to agree upon development action plans and assign priorities. 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

  This course is recognised for CPD purposes by most other Professional Institutes and Associations including the Law Society, the CIM, the CMI, the ICAEW, the Institute of Learning and the CIPD. Formal Certificates of Professional Development will be issued to delegates who successfully complete this course. These certificates will enable participants to evidence the update of their CPD records. The workshop will consider how to best apply the knowledge gained by the delegates upon their return to the workplace. This element of the programme is designed to maximise the benefits of attending and enable participants to make valued judgements when recording CPD activities.