“Beware of little expenses. A small leak will sink a great ship.”
Benjamin Franklin, American politician
Financial information drives all major business decisions: which products to launch, which markets to target, which projects to invest in. At the same time, once you move to a management role, you’ll be expected to understand the financial performance of your team and organisation. You may also need to participate in strategic decisions that need an appreciation of the financial implications of different courses of action. In fact, many of the decisions and actions you already take daily have a financial impact, whether you realise this or not. Many people who are not financially trained find finance confusing and even intimidating.
This course takes you through a number of concepts and frameworks associated with finance. A course can only skim the surface of what is a rich and developing subject area. However, you’ll gain an understanding of the key frameworks and tools that will enhance your understanding of finance. There are plenty of practical exercises and questions as you go through the course to check you understand and to apply what you have learnt.
Common concerns we hear from people who attend this course include:
- I don’t understand finance – how can I learn more?
- How can I learn to ‘speak finance’?
- How does money work in my organisation?
The course includes the core elements of our two-day ‘Finance for Non-Finance Managers’ workshop and will introduce you to the essentials of organisational finance, its jargon and what you need to know to stay financially savvy.
All of our trainers are experts in their field and have many years’ experience in finance.
This Form-level course is aimed at anyone who wants to know more about how finance works in organisations, for example when:
- Managing projects
- Running a cost-centre
- Engaging in discussions with a finance department
- Reading financial documents
If you need more comprehensive and in-depth training in finance, try our two-day ‘Finance for Non-Finance Managers’ course (MPDFNFM) or check out other courses in our finance portfolio.
- Identify the role and importance of finance within organisations
- Recognise and describe some of the common terms and jargon that are used
- Identify the elements of the Profit and Loss Account and Balance Sheet
- Explain the distinction between profit and cash
- Understand key techniques within management accounting, specifically costing, cash flow and break-even.
- Identify how costs are incurred in your organisation and how these can be controlled
- Explain how waste can increase costs and reduce value, and identify options for reducing waste and improving efficiency
The course will cover:
1. Financial Principles and Terminology
- Financial principles – how finance works in organisations
- Terminology – making sense of the language
- Business cycles – Operational and Capital Investment
- Financial statements - Income and Expenditure (P&L) and Balance sheets
2. Cash and Cash Flow
- Distinction between profit and cash
- Cash flow statement
- Cash flow forecasting
3. Understanding costs
- Importance of managing costs
- Fixed vs variable
Frequently asked questionsSee all of our FAQs
How can I create an account on myQA.com?
There are a number of ways to create an account. If you are a self-funder, simply select the "Create account" option on the login page.
If you have been booked onto a course by your company, you will receive a confirmation email. From this email, select "Sign into myQA" and you will be taken to the "Create account" page. Complete all of the details and select "Create account".
If you have the booking number you can also go here and select the "I have a booking number" option. Enter the booking reference and your surname. If the details match, you will be taken to the "Create account" page from where you can enter your details and confirm your account.
Find more answers to frequently asked questions in our FAQs: Bookings & Cancellations page.
How do QA’s virtual classroom courses work?
Our virtual classroom courses allow you to access award-winning classroom training, without leaving your home or office. Our learning professionals are specially trained on how to interact with remote attendees and our remote labs ensure all participants can take part in hands-on exercises wherever they are.
We use the WebEx video conferencing platform by Cisco. Before you book, check that you meet the WebEx system requirements and run a test meeting (more details in the link below) to ensure the software is compatible with your firewall settings. If it doesn’t work, try adjusting your settings or contact your IT department about permitting the website.
Learn more about our Virtual Classrooms.
How do QA’s online courses work?
QA online courses, also commonly known as distance learning courses or elearning courses, take the form of interactive software designed for individual learning, but you will also have access to full support from our subject-matter experts for the duration of your course. When you book a QA online learning course you will receive immediate access to it through our e-learning platform and you can start to learn straight away, from any compatible device. Access to the online learning platform is valid for one year from the booking date.
All courses are built around case studies and presented in an engaging format, which includes storytelling elements, video, audio and humour. Every case study is supported by sample documents and a collection of Knowledge Nuggets that provide more in-depth detail on the wider processes.
Learn more about QA’s online courses.
When will I receive my joining instructions?
Joining instructions for QA courses are sent two weeks prior to the course start date, or immediately if the booking is confirmed within this timeframe. For course bookings made via QA but delivered by a third-party supplier, joining instructions are sent to attendees prior to the training course, but timescales vary depending on each supplier’s terms. Read more FAQs.
When will I receive my certificate?
Certificates of Achievement are issued at the end the course, either as a hard copy or via email. Read more here.