Programme Overview
This comprehensive 5-day programme introduces and examines the essentials of finance and economics for business and has been designed specifically for managers to be able to apply their learning to their roles and business with immediate effect.
Delegates will explore critical topics including budgeting, accounting principles, and the analysis of key financial statements. Additionally, the programme addresses the complexities of planning and controlling budgets in a dynamic economic environment.
Upon completion, delegates will have enhanced their understanding of the purposes and applications of financial information. They will also develop quantitative skills crucial for improving performance management and making informed decisions within their organisations, considering the broader economic context.
This programme is ideal for senior and mid-level managers, aspiring leaders, entrepreneurs, and professionals seeking to enhance their financial and accounting business knowledge. Contact our team to enquire about joining our next Open Programme, or to discuss your in-house requirements. This programme can be contextualised to specific markets and sectors for in-house delivery.
Benefits for you
Enhanced understanding of the purposes and applications of financial information.
Develop quantitative skills essential for improving performance management.
Gain the ability to make informed decisions within your organisations, considering the broader economic context.
Improve your strategic planning capabilities by understanding economic indicators and their impact on business.
Acquire practical tools and techniques to manage financial risks effectively.
Learn best practices for aligning financial management with organisational goals.
Expand your professional network by connecting with peers and industry experts.
Increase your confidence in presenting financial information and recommendations to stakeholders.
Earn a valuable certificate on completion
Benefits for your organisations
Enhanced Financial Acumen: Managers will return with a deeper understanding of financial principles, enabling them to contribute more effectively to financial planning and analysis.
Improved Decision-Making: With enhanced quantitative skills and knowledge of economic indicators, managers will make more informed and strategic decisions that align with the organisation’s goals.
Better Budget Management: Managers will gain skills in budgeting and financial control, leading to more efficient allocation and utilisation of resources.
Risk Mitigation: Trained managers will be better equipped to identify and manage financial risks, protecting the organisation from potential financial setbacks.
Strategic Alignment: The programme will help managers align financial management practices with the organisation’s long-term objectives, ensuring cohesive and strategic growth.
Performance Optimisation: Managers will learn techniques to enhance performance management, driving productivity and efficiency within their teams.
Stakeholder Confidence: Improved financial literacy among managers will lead to more effective communication and presentations to stakeholders, building trust and confidence.
Innovative Solutions: Exposure to best practices and new financial strategies will inspire managers to implement innovative solutions, fostering a culture of continuous improvement.
Stronger Competitive Position: By having financially savvy managers, the organisation can respond more adeptly to economic changes, maintaining a competitive edge in the market.
Employee Development: Investing in managers’ professional development boosts morale and retention, demonstrating the organisation’s commitment to growth and advancement.
Part I: Finance for Non-Finance Professionals
Introduction to Financial Statements: Financial Accounting and Reporting; Agency Relationship; Regulatory Framework; Income Statement and Balance Sheets; A Typical Business; Categories of Assets and Liabilities; Management AccountingInterpreting Financial Statements: Ratios; Liquidity; Profitability; Investor Ratios; Limitations of Ratio Analysis
Product & Service Costing: Product Costing; Service Costing; Cost Behaviour; Overhead Absorption
Short Term Decision Making: Marginal Costing; Assumptions of Cost Behaviour; Problems
Long Term Decision making: Decision Making Techniques; Capital Investment Appraisal; Accounting Rate of Return, Net Present Value, and DiscountingPart II: Economic and Business Environment
The Business Environment: Fiscal and Monetary Policy; Impact of Macroeconomic Policies; Impact of Government Regulation; Competition Policy; Supply-side Policies; Green PoliciesMarket Equilibrium: Supply and Demand; Equilibrium Price; Changes in Equilibrium; Exit/Entry of Firms; Perfect Markets
Pricing Theory: Pricing and Economic Theory; Price and Demand, and Elasticity; Demand and the Firm; Product Life Cycle; Demand Based Pricing; The Demand Curve; Differentiation
Pricing Strategies: Full Cost-Plus Pricing; Marginal Cost-Plus Pricing; Minimum Pricing; Market Penetration; Price Skimming, Differential Pricing, Premium Pricing; Discount Pricing, and Target Pricing
Practice key lessons and test ideas in a supportive and varied learning environment
Receive 1-to-1 advice and practical help from our academics and business experts
All materials and handbooks required for the programme will be provided to you during the programme
Our team have extensive experience of working in and with organisations from around the world and will combine the latest UK Higher Education research, teaching and learning with the most current professional practice, in ways that make sense for you and your organisation
We do not include formal assessments as part of our 4-day programmes, however we do highly recommend delegates complete the associated independent directed learning that is provided for each of our programmes. Completing directed learning helps to reinforce knowledge and skills acquired during the programmes, making it more likely that delegates will retain and apply this knowledge in their professional roles and for the benefit of their organisation. Our team are available to provide support throughout the process.
All Illuminare Executive Education 4-day programmes are scheduled for 7.5hrs contact time each day (30hrs in total for the programme). In addition, it is expected that you would complete an additional 10hrs of independent directed learning to meet the programme learning outcomes and to ensure you get the most out of your learning experience. Dates and timings of delivery will be confirmed when you enrol. Please be assured that all directed learning will be explained and access to all required resources will be provided to you during the taught element of the programme.
All our open programmes are available with UK university certification of endorsement and / or CPD points in recognition of their high quality, sector leading provision. We’re proud to offer programme certification at no extra cost when you make the request at the point of booking. If this request is made after the point of booking an administration fee of £49 (per certificate) will be due before a certificate can be processed.
If you are an organisation interested in having your bespoke programme certified, please speak with our team prior to making a booking so we can discuss your needs.
We offer 10% discount on bookings where 5 or more delegate places are booked on the same programme (bookings must be made at the same time and through the same payment transaction for the discount to be applied).
It covers all required study material and programme activities. For bookable open programmes, it also covers all refreshments and meals provided during the face-to-face programme contact time.
Please complete an ‘Enquire and Enrol’ form online. Acceptance is not automatic; your application will be reviewed by our team to ensure a best-fit between applicants and programmes. Our team will be in touch to discuss your needs and will ensure you enrol onto the programme that’s right for you (and that’s scheduled on the right date and location for you too). If you are enquiring on behalf of an organisation, please contact us to discuss your needs.
We hold open programmes in London, Dubai, Edinburgh, and Abi Dhabi throughout the year. We also deliver in-house programmes for organisations across the world. Please view our programmes for dates of our upcoming open programmes or contact us to discuss your organisational requirements.
Visa requirements vary depending on your nationality and country of residence. We encourage you to use the ‘check if you need a visa’ tool or to consult the UK consulate or embassy in your home country.
This programme comes with a UK University Certificate of Endorsement in recognition of its high-quality sector leading provision. This programme is also available with CPD Certification of 30 hours /points. If you would like to receive certification, please let a member of our team know when you enrol onto the programme.
Why choose Illuminare Executive Education?
Illuminare Executive Education was founded to meet the needs of global corporations and professionals who appreciate and demand high-quality education and services that the UK Higher Education sector is renowned for. Here at Illuminare Executive Education, we provide it in ways that are easy to access, agile to engage with, and applied in delivery.
We are proud that our founders and team are all leading UK academics and practitioners. Our programmes are all designed to the same quality standards that UK Universities adhere to. For many years we have successfully designed, validated, and delivered new and existing UK university programmes (degrees, apprenticeships, short courses, and executive education) to meet market demand, and we continue to provide advisory services on curricular modifications to ensure they reflect the changing needs of the global market.
Here at Illuminare Executive Education, we bring you our knowledge, skills, experience, and support through provision of our own university endorsed globally recognised programmes, business services and executive coaching. As a mark of our high-quality provision, all our programmes are available with UK university certification and / or CPD certification on request.
Our team have extensive experience of working in and with organisations from around the world and will bring you the latest research, teaching and learning combined with the most current global professional practice, in ways that work for you and your organisation.
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