The Need for Financial Training
Even if you are the most highly qualified, self-assured manager you can sometimes find yourself struggling in a sea of technical jargon and impenetrable statistics when dealing with some of the financial aspects of your company. You may be new to the position and lacking in experience, or perhaps it has just been rather too long since graduating with that MBA and your finger is no longer quite ‘on the pulse’.
By enrolling in one of the many training courses specifically targeted for the non-financial manager, you can familiarise yourself with the basic fundamentals involved in the operational strategies used in your company’s financial dealings, enhance credibility and respect among your team and move forward with the potential for improved productivity and profit.
Training with Tack International
Back in 1948, Londoners George and Alfred Tack started their own company, but after some initial success the brothers realised that to stay ahead in a competitive market they would need to provide a different kind of service to their customers than their rivals. Alfred, having an enthusiastic, entrepreneurial spirit and an avid interest in acting and radio presentation, realised that if they could train their sales force in the skills and techniques for professional selling, the company could not only deliver a better service to their customers but improve income generation and productivity. It was this innovative concept for effective selling that created the sales training industry, which we know today.
Tack International provides a two day course targeted specifically for managers with no previous experience of financial applications within their company. The aim of the course is to help delegates to comprehend the financial strategies which are involved in the business, break through the technical jargon which may be a barrier to their effective communication with other departmental managers and to generally improve confidence in their decision making processes.
Target learning points for the course include:
- Evaluating accounts identifying the areas of weakness and strength
- Effective creation of forecasts and projections
- Managerial decision making and how it can ultimately effect the ‘bottom line’, and
- Implementing the necessary tools and strategies for a more profitable long term outcome.
Tack offer their training courses from a number of venues around the UK with course fees starting from £990 exclusive of VAT.
Training with the CIPD
The Chartered Institute of Personnel and Development (CIPD) are a world renowned organisation serving over 135,000 members in 120 countries across the globe. They are the world’s largest professional body for the HR (Human Resources) and development sector and provide a comprehensive range of training courses applicable to many areas of business and industry.
They provide a study programme for those at a managerial level, who need to advance their understanding of the financial operations within their company. The course is targeted at new or existing managers in either the public, private or non-profit making sector.
During the one day programme, the delegates will have the opportunity to draw on their own experiences to better understand the function of specific financial documentation and how to gauge the impact of economic trends and ratios to their business.
Particular topics for study will include:
- The management of both working capital and fixes assets and fixed and variable costs
- Enhancing performance and productivity within the workforce
- Managing financial risks, and
- Cutting through the jargon for more effective communication
Attendance fees for the course start from £510 plus VAT.
Training with Learning Tree International
Learning Tree International was established in 1974 for the sole purpose of providing high quality training facilities for IT and management professionals. Since that time they have trained over 2.1 million delegates internationally from 65,000 leading companies.
Only too often a manager is judged solely on the cost efficiency of his department, which is why this three day course can prove invaluable to those who are lacking a basic grounding in financial principle and applications. Delegates will learn the fundamentals of effective budgeting and core financial tools to successfully manage cash flow and productivity, while building the potential for profit.
Key areas for study will include:
Why Finance Matters – examining GAAP (generally accepted accounting principles) and recognising responsibility and accountability for financial decision making.
Key Building Blocks – including sales recognition, tools for measuring profit, assessing depreciation and amortisation and identifying shareholder equity.
Bringing it all Together – will include how to utilise financial strategies and concepts in the business environment, evaluating an organisation’s annual report and assessing its health and recognising the dangers of creative accounting.
Delegate fees for this three day course start from £1,565.