LCT International Financial Development for Non-Financial Managers LCT International
Price: GBP 4,250

    Course details

    Course Introduction:
    This course empowers non-financial managers with essential financial skills, enhancing their ability to interpret financial statements, manage budgets, and make informed decisions. Through practical exercises and real-world examples, delegates will gain confidence in financial management, improve strategic planning, and drive business success. Ideal for those seeking to bridge the gap between finance and management effectively.

    Course Outcomes:
    Interpret and apply financial information in a business environment
    Put together a budget to justify expected expenditure
    Develop skills in interpreting financial statements and calculating selected key ratios
    Measure budgetary performance
    Conduct effective investment appraisals

    Who Should Attend:
    Those for whom finance is part of their responsibility and need a greater understanding of finance. They will be from all sectors, including private, public and not-for-profit including:

    Those who are non-specialists in finance
    Budget holders who are responsible for creating and managing their departments budgets
    Operations managers who want to know more about cost management and projects
    Senior sales and marketing employees who have to understand financial statements
    Senior managers who require greater financial literacy skills
    Managers facing financial decisions or expect to make a contribution to a wider planning process

    Course Topics:
    Key Financial Concepts and principles

    Bookkeeping versus accounting
    Cash accounting versus accrual accounting and use in private and public sectors
    Types of accounts in the General Ledger their purpose and the chart of accounts
    Double-entry bookkeeping concepts and implications
    Depreciation and amortisation


    Reading Financial Statements Public and Private Sector

    International standards in the private and public sectors IFRS and IPSAS
    Format and content of the statement of financial position (balance sheet)
    Format and content of the statement of profit or loss
    IPSAS principles of financial statements presentation for the public sector
    Investor ratios


    Management Accounting

    Financial accounting and management accounting compared
    Types of management information prepared for internal consumption
    Financial information managers need to manage the power of comparisons
    Analysing costs key ratio calculations for management and variance analysis including ROE ROA and liquidity ratios


    Managing the Finances and Costs of Projects

    Financial aspects of building the business case and getting approval for funding
    Estimating project costs different estimating techniques expert analogous parametric bottom up etc
    Project forecasts cost variances and cost control
    Project risks and financial implications


    Building an Effective Budget

    Public sector v. Private sector budgeting differences in purpose processes and motive
    Budgetary methodologies incremental and zero-based
    Budget and variance analysis
    End of week quiz to appraise learning achieved

    Updated on 14 May, 2025

    Eligibility / Requirements

    N/A

    About LCT International

    LCT International is a premier provider of executive education, delivering world-class training and consultancy solutions to international governments, corporations, and professionals worldwide. With a legacy of excellence, innovation, and impact, we help professionals and organizations develop the skills, strategies, and leadership capabilities needed to thrive in today’s dynamic global economy.

    Our programs are designed to bridge the gap between theory and practice, ensuring that every learning experience translates into real-world success. Whether you’re a senior executive, aspiring leader, or organization seeking to upskill your workforce, LCT International provides cutting-edge training tailored to your specific needs.

    Why Choose LCT International?

    • Global Recognition & Expertise – With a strong legacy in professional development, we have trained leaders from over 500 organizations across 100+ countries, making us a trusted name in executive education.
    • Tailored Learning Solutions – Our programs are designed to meet the evolving needs of industries, ensuring practical, results-driven learning that enhances careers and strengthens organizations.
    • Industry-Leading Faculty – Learn from renowned experts and practitioners with decades of experience in leadership, finance, HR, operations, and strategic management. Our trainers bring real-world insights and case studies to every session.
    • Flexible Training Formats – Whether you prefer onsite sessions in global locations, immersive executive retreats, or live virtual training, we offer seamless learning experiences that fit your schedule.
    • A Legacy of Excellence – Formerly London Corporate Training (LCT), we have evolved into LCT International, reinforcing our commitment to expanding global access while maintaining our rich heritage of quality education. This transition reflects our continued dedication to offering enhanced learning experiences that cater to professionals worldwide.
    • Practical & Impactful Learning – We go beyond theoretical training by integrating interactive workshops, real-world case studies, and hands-on simulations, ensuring that participants can apply what they learn immediately in their professional environments.

    Our Areas of Expertise

    • Leadership & Strategic Management – Executive leadership, corporate strategy, decision-making, and change management
    • Finance & Banking – Financial risk management, corporate finance, investment strategies, and international banking
    • Human Resource Management – Talent management, organizational development, performance management, and employee engagement
    • Operations & Project Management – Agile project management, supply chain optimization, and operational excellence
    • Marketing & Business Development – Digital marketing, brand management, customer experience, and market expansion strategies
    • Public Sector & Government Training – Policy development, governance, and regulatory compliance

    At LCT International, we don’t just teach – we transform careers, empower professionals, and drive organizational success.

    Take the next step in your professional growth!

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