Accredited Finance for Non-Financial Managers

This accredited course consists of 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 exam, allowing students to test themselves prior to taking the real examination. Questions are selected at random from our database, and the simulator provides valuable student feedback via a post exam review function.

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.

The main benefits of this course include:

– Mock Exam Simulator
– A recognised European qualification
– On-site/on-demand training
– Accredited multimedia content
– Clear graphic presentations
– Interactive exercises
– Customised learning path based on your knowledge
– Dynamic Flowcharts – use your own figures
– Comprehensive Glossary

The package is a completely integrated set of learning materials designed for self-study and contains all you need to prepare for the Chartered Management Institute’s “Finance for Non-Financial Managers” exam.

Please Note: The final exam fee is included within the price of this course. The exam must be sat with ILX Group. There is one exam date in each month. For more information on exam dates, please contact

This course can lead to external certification of the student chooses – i.e. the student must taken an external exam at an accredited centre (Please Note: an independent charge may be levied by the chosen test centre).

This course covers the following modules:

Introduction to Financial Statements
– Importance of financial measures
– Financial accounting and management accounting
– The four types of accounts
– Three financial statements

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
– Fixes asset turnover
– Analysis by industry – Supermarket
– Analysis by industry – Aircraft manufacturing
– Your own figures

Return on Capital Employed
– What is return on capital employed?
– Elements of ROCE
– Comparison of ROCE
– Financial Analysis with ROCE
– Your own figures

Mock Exam Simulator
– Allows you to assess your own capability prior to taking the formal examination
The course uses a series of structured modules to help users:

– Understand basic financial jargon and concepts
– Navigate the main financial statements
– Assess the financial health of organisations
– Prepare and manage budgets
– Gauge the financial impact of operational decisions
– Contribute to investment decisions and the evaluation of new initiatives