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 – supermarket
- Analysis by Industry – 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?
graduates
corporate clients
customer satisfaction
