An introduction to finance for non finance managers
Programme Overview & Summary
This introductory workshop is designed for people who are not in a dedicated financial role including those managing a budget or involved in making financial decisions.
The workshop provides delegates with the skills and underpinning knowledge required to have a better understanding of finance within Network Rail. It does not give route specific information in terms of the running of budgets etc. but will introduce how money flows in Network Rail and the key concepts around financial terminology.
Style and Approach
Highly practical experiential learning sessions with a modern approach to learning which is professional and engaging.
Audience
This is an introduction and is aimed at line managers with little or no financial experience.
Programme Structure
One day
Preparing for the workshop
None required
Group Size
16 Participants
Programme Topics
Classroom modules
- Reclassification of Network Rail
- Network Rail Funding
- What is the role of Finance?
- Control Periods
- Business Planning
- Cost Centres
- Financial Regulations
- Overview to Financial Concepts
- Profit and Loss Accounts and Balance Sheets
- Matching Costs, Accruals, pre-payments and provisions
- Key Financial Terms
Outcomes
By the end of the programme learners provide evidence to demonstrate competence in the following Level 4 Units:-
- Recognise how money flows in a business and how it is accounted for
- Outline the principles of forecasting and budgeting
- Discuss how to benchmark performance and to recognise areas where performance is slipping
- Explain the contribution that financial information makes to the business decisions of a manager
How to apply
If you would like to attend this course or have any queries about your projects following the course, or wish to submit your project for accreditation, please goto our how to book webpage.
