The Finance for Non-Finance Directors course equips all Director's so they can recognise and be confident with key financial concepts, terminology and reports that provide insight in to the financial position of any organisation.
Helping non-finance directors to use and understand the financial numbers in their business, this course will provide candidates with the essential skills and knowledge to interpret key financial statements, models and ratios. Directors will be well placed to ask the right questions, make informed decisions and prioritise where to focus their energy and company resources. This module will give non-finance Directors the confidence to better scrutinise financial reports and challenge finance professionals in a positive and constructive way. Delegates will take away a vital understanding of financial strategy and improve financial planning.
Who is this course for?
This module is for Directors, business leaders and senior professionals who are required to use, interpret or produce financial information but have had little or no formal training within the field of finance. We recommend participants have a minimum 3-5 years of senior management experience.
On completion of this module, delegates will be equipped to:
- Understand how a robust financial strategy can help drive value within the organisation and underpin the company’s overall business plans,
- Confidently interrogate key financial data and challenge financial proposals, business plans, projections and reports,
- Review and assess the financial health and position of the organisation,
- Make balanced, informed Board level decisions based on an understanding of financial data,
- Recognise and comply with the statutory and other requirements relating to Company Director roles and responsibilities,
- Identify, evaluate and manage financial risk,
- Communicate more confidently and effectively with Directors and senior leaders on financial issues,
- Confidently challenge and influence Board level decisions and company direction based on a sound grasp of financial concepts,
- Evaluate the practical implications of investment decisions.
You can attend the Directors Development Programme Role of the Director and the Board Module Accelerator on an accredited and non-accredited basis
Participants opting for the accredited route will complete this Module as part of the full Directors Development Programme. On completion of all five Modules, delegates can work towards achieving the PGCert in Strategic Leadership for Directors (60 credits).
Stewart McCombe -
Stewart has a career background in corporate banking, and is a highly experienced commercial individual, who commenced a transition into the not for profit sector at the end of 2009. He now has a portfolio of Chair, Board and consultancy roles across not for profits and SMEs.
Throughout his career, Stewart has developed a proven track record in the North West corporate market. In roles covering both relationship management and business development, his key skills of brokering and relationship building ensured the management of multiple stakeholders, at all times undertaken with outstanding levels of integrity. Core to his roles at Bank of Scotland were the management of key entrepreneur relationships for the bank.
In recent years, he has rapidly developed a profile in the not for profit sector, maintaining key board roles across a range of areas, including leisure and social care
Stewart has a range of financial, operational and strategic experience in the private, public and not for profit sectors, including charities, local authorities, banking and venture capital. This has captured a range of areas, including direct roles in leisure, adult care, the arts, environment and recruitment, coupled with a wide range of sectors including manufacturing, service, retail, building products and housebuilding during his corporate banking career. Stewart is at ease in any environment, from start-up to plc boardroom.
Financial responsibilities of Directors and the Board
- Understanding Director responsibilities and accountabilities
- Introduction to the Companies Act
- Governance and finance
- Financial strategy
- Working with finance departments and your Finance Director
Understanding finance and the various financial statements
- Introduction to the key financial terminology, accounting concepts and standards
- financial and management accounting
- Costing systems
- Break even analysis
- The Profit and Loss statement
- The Balance Sheet
- Cash Flow Statement
Assessing financial risk and ratios
- Assessing financial health
- Ratio Analysis
- Cash Flow Ratios
Getting the best from your finance team
- Financial planning and reporting
- Gaining strategic value from the finance department
- Finance decision support
- Budgeting and forecasting
- Financial controls and Key Performance Indicators (KPIs)
Case study: Analysis of financial board reports
- Interactive group session
Identifying appropriate sources of finance
- Understanding your stakeholders and their interests
- Distilling and reporting financial position
- Summarising performance
- Communicating effectively
Presenting the case to external financial stakeholders
- Understanding the requirement for finance
- The cost of capital, its relevance to decisions
- What are the options?
- Private equity providers
- Bank finance
- Shareholder finance
- Raising capital from stock markets
When it can go wrong
- Corporate failures
The programme consists of 8 core elements delivered over 2 continuous days.
*The agenda is for a guide only and is subject to change
** The delivery of this programme via the virtual classroom may differ to ensure the optimum learning experience within this environment. However, the learning outcomes will remain the same.
The virtual course would be 4 x 90 minute sessions per day, with breakouts and tasks leading to the next session. Please prepare for your virtual classroom course by reading our virtual classroom information guide.
*** If government restrictions, advice or social distancing prevent us from running any scheduled face to face course dates, In Professional Development may opt to deliver the scheduled course date via our Virtual Classroom platform. Please click here for more details about our virtual classrooms.
Request a callback
After you register, one of consultants will call you to give you more details about the course and answer any questions you have.