Finance for Non Finance Managers

The following article appeared recently on the 'Goals and Achievements' blog; http://tinyurl.com/lbc25m.

These Myths are more than that, they contribute to the mystique that surrounds Finance in the Business World and frighten people away from a subject that they will impact every time they go to work! Effective Finance for Non Finance training courses will dispel these myths and even make the topic interesting. Enduring learning can be achieved by making this - like any other training - interactive, engaging and relevant. The Celemi Business Simulation 'Apples & Oranges' http://tinyurl.com/krdtgx busts these myths as do our own programmes http://tinyurl.com/lqojc4





Would you expect a Dull and Boring Finance course to look like this? We prefer the 'Fun but Deadly Serious' approach!






"Finance for Non Financial Managers: 3 Common Myths

Myth # 1: You need to be good at maths
People often say to me when speaking about Finance that they need to be good at maths. Nothing could be further from the truth. Provided you understand simple arithmetic, things like addition, subtraction, averages, percentages and multiplication you have the base knowledge interpret financial information.

Myth # 2: Finance is complicated
Actually it is very simple. The vast majority of managers get a budget statement that will tell them:

• Whether they are on target?
• Whether they are behind target?
• Whether they are doing better than target?

The key thing is to compare the budget (expected position) with the actual position and take action accordingly.

Myth # 3: Finance is for specialists
The recording of financial information, the creation of the systems for planning and management of finances is led by specialists. Financial management is the responsibility of every manager.

So what other myths have you come across when it comes to Finance?"