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Finance for Non-Financial Managers

This course is designed to give you confidence in preparing financial forecasts and increase your understanding of financial information.  The day will consist of worked case studies, group exercises and discussion of finance issues in leisure management. 

Should you attend this course?

This course will suit you if you have recently become a budget-holder or are involved in any way in providing information for budgets within leisure organisations.

Course Outcomes

 Objectives:

• Prepare and use basic accounting statements;

• Learn techniques for managing case flows;

• Appreciate the difference between cash and accounting profit and implications for your budget;

• Evaluate costs and use them for setting prices;

This course will cover:

• How to build a cash budget that you can achieve;

• Defining profit, mark-up and margin.  What do these terms mean?

• What is commitment accounting and could it be useful to you?

• Why and how is the 'year end' important?

• How costs are built up and used in decision making.