Finance for Non Financial Managers Online

The ILX Finance for Non-Financial Managers online course is the only online training course that has been accredited and has been used to train over 100,000 people worldwide. Managers at all levels need to be equipped with the right amount of business acumen to be effective in their roles.

Course overview

About the course

This course contains 20 hours of learning split into 10 sessions which cover an introduction to the basic concepts of finance, teaching you how to read basic financial statements. The course then moves on to teach you how your business decisions impact the financial health of your organisation. Proven subject matter and relevant interactive exercises assist you in understanding the financial concepts needed by all managers.

The course also includes a simulated curriculum exam, allowing students to test themselves under simulated exam conditions. Questions are selected at random from questions banks in our assessment database.

Additional features include an audio commentary option, a book-marking facility, and an interactive glossary, which allows you to link back directly to the training.

Duration

This course contains 20 hours of learning split into 10 sessions.

What's covered?

The course uses a series of 10 structured modules to help you:

Understand fundamental financial terminology and concepts
Read and interpret financial statements
Gauge the financial impact of operational decisions
Understand the basis for evaluating investment decisions

Introduction to financial statements

Importance of financial measures
Financial accounting and management accounting
The four types of accounts
Three financial statements
Accounting conventions

Profit and loss account

The profit and loss account
Elements of the profit and loss account
Costs in the profit and loss account
Your own figures

Balance sheet

Definition
Sources and use of figures
Format of the balance sheet
Inter-relationship with the profit and loss account
Examples of formats
Your own figures

Cash flow

Profit and cash
Elements of cash flow
Managing cash and loans
Practical applications of cash flow
Your own figures

Costing decisions

Introduction
Variable and fixed costs
Cost structure and methods
Break-even
Product costing
Your own figures

Introduction to financial analysis

What is financial analysis
Financial analysis in practice

Investment appraisal

Cash flow and relevant costs
Pay back
Present value and discounting
Discounted cash flow
Sensitivity analysis
Case study

Profit margin

Profit margin ratio
Comparison by industry
Supermarkets
Aircraft manufacturing industry
Profit margin flowcharts
Your own figures

Asset turnover

Concept of asset turnover
Asset turnover flowchart
Working capital ratios
Fixed asset turnover
Analysis by industry â€“ supermarket
Analysis by Industry â€“ aircraft manufacturing
Your own figures

Return on Capital Employed (ROCE)

What is Return on Capital Employed?
Elements of ROCE
Comparison of ROCE
Financial analysis with ROCE
Your own figures

Mock exam simulator

Designed to test your understanding of the main course objectives contained in the curriculum

What's included?

12 months online access to our Finance for Non Financial Managers™ course
A full students' manual reflecting the course content
Modular assessments
Dynamic financial models – giving you the ability to use perform “what if” analysis on your organisations and figures
Randomised exam simulator

Optional extras

Teach Yourself Finance for Non Financial Managers book

Materials

Exam information

There is no exam associated with this course.

Target audience

This course requires no prior knowledge or experience and is designed for anyone needing to develop their understanding of finance. It is ideal for:

Project managers
IT and service support managers
Sales executives/consultants and new graduates

Why Choose ILX learning?

500,000+
graduates

5,000+
corporate clients

96%
customer satisfaction