APMG International Finance for Non-Financial Managers (FNFM™)

//APMG International Finance for Non-Financial Managers (FNFM™)

APMG International Finance for Non-Financial Managers (FNFM™)

From: £33.60 / month for 5 months and a £200.00 sign-up fee

The APMG International Finance for Non-Financial Managers (FNFM™) course is the quickest, most effective way to train non-financial managers in all aspects of basic business finance and its practical application. Every manager needs to understand finance[...]

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About The Course

The APMG International Finance for Non-Financial Managers (FNFM™) course is the quickest, most effective way to train non-financial managers in all aspects of basic business finance and its practical application. Every manager needs to understand finance if they are to play an active role in helping their organization achieve its objectives. However, not every manager needs the same level of skill and understanding as specialist financial managers. A good knowledge of the key concepts of prudent financial management as modern financial accounting should equip all managers with the knowledge they require.

The accredited FNFM™ course covers an introduction to the basic concepts of finance, teaching you how to read basic financial statements. Also it equips you with the knowledge of how your business decisions impact the financial health of your organisation, and understanding the financial concepts needed by all managers. It is broken into bite-size sessions, combining leading-edge multimedia and interactive exercises for optimum enjoyment and knowledge retention. Therefore, it fully prepares you for the examination.

The FNFM™ certification will improve your knowledge as well as your overall performance as a manager. It will enable you to:
• play a more active role in helping their organization achieve its objective,
• understand financial management and accounting processes,
• understand and communicate better with finance specialists.

The certification is aimed at current and aspiring managers that require an understanding of finance and how to enable an organization to realize its objectives. It is ideal for: programme / project manages, IT and service support managers, sales executives / consultants and professionals from other disciplines needing to develop their understanding of finance.

Entry Requirements

You do not need any qualifications or work experience to start the FNFM™ course.

Learning Objectives

By the end of the FNFM™ e-learning course you will learn the following key things:
• personal development as a manager and leader,
• information based decision making,
• performance management,
• resource management,
• meeting stakeholder and quality needs,
• conducting a management project,
• financial control,
• marketing planning,
• project development and control,
• human resource development,
• managing recruitment and selection,
• being a leader,
• leadership practice.

 

Course Modules

The course uses a series of 10 structured modules to help you:
• Understand fundamental financial terminology and concepts
• Read and interpret financial statements
• Gauge the financial impact of operational decisions
• Understand the basis for evaluating investment decisions
Introduction to financial statements
• Importance of financial measures
• Financial accounting and management accounting
• The four types of accounts
• Three financial statements
• Accounting conventions
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
• Fixed asset turnover
• Analysis by industry “supermarket”
• Analysis by Industry “aircraft manufacturing”
• Your own figures
Return on Capital Employed (ROCE)
• What is Return on Capital Employed?
• Elements of ROCE
• Comparison of ROCE
• Financial analysis with ROCE
• Your own figures
Mock exam simulator – designed to test your understanding of the main course objectives contained in the curriculum

Duration

Course access duration is 12 months.
Approximate time required to complete modules – 20 hours.

APMG InternationalOfficial Exam & Accreditation

The Accreditation body is the APMG International.

Examination –
• paper-based exam format, available at various locations across the UK (this exam is not available online via Online Proctoring),
• consisting of 25 multiple-choice questions. Pass mark score is 18 out of 25 available (72%),
• examination duration – 1 hour,
• closed book examination (a copy of the FNFM key terms glossary and a calculator are permitted in the exam).

There is no re-certification requirement; the FNFM™ is a lifetime certification.

If the full package is purchased that includes official examination, please get in touch with SkillPoint when you are ready to take your exam. All course modules need to be completed and assessments passed prior to this stage. The exam must be taken within 12 months of purchase. We will provide location and date availability and make all the necessary arrangements once your selection has been confirmed.

Further Study & Career Options

An improved skill set will enable you to qualify for more management posts. Adding FNFM™ to your CV demonstrates that you possess the knowledge and skills in all aspects of basic business finance and its practical application.

Professionals in the following job roles use FNFM: programme / project manages, IT and service support managers, sales executives / consultants and professionals from other disciplines involved in financial management.

On successful completion of this course you could progress on to Change Management™ Foundation certification to improve your knowledge of the basic principles of achieving successful organizational change, transition and/or transformation; this will improve your job prospects further.

Please get in touch with SkillPoint advisor who will discuss your current situation and will provide the advice and guidance to help you create your own tailored learning journey.

About The Course

The APMG International Finance for Non-Financial Managers (FNFM™) course is the quickest, most effective way to train non-financial managers in all aspects of basic business finance and its practical application. Every manager needs to understand finance if they are to play an active role in helping their organization achieve its objectives. However, not every manager needs the same level of skill and understanding as specialist financial managers. A good knowledge of the key concepts of prudent financial management as modern financial accounting should equip all managers with the knowledge they require.

The accredited FNFM™ course covers an introduction to the basic concepts of finance, teaching you how to read basic financial statements. Also it equips you with the knowledge of how your business decisions impact the financial health of your organisation, and understanding the financial concepts needed by all managers. It is broken into bite-size sessions, combining leading-edge multimedia and interactive exercises for optimum enjoyment and knowledge retention. Therefore, it fully prepares you for the examination.

The FNFM™ certification will improve your knowledge as well as your overall performance as a manager. It will enable you to:
• play a more active role in helping their organization achieve its objective,
• understand financial management and accounting processes,
• understand and communicate better with finance specialists.

The certification is aimed at current and aspiring managers that require an understanding of finance and how to enable an organization to realize its objectives. It is ideal for: programme / project manages, IT and service support managers, sales executives / consultants and professionals from other disciplines needing to develop their understanding of finance.

Entry Requirements

You do not need any qualifications or work experience to start the FNFM™ course.

Learning Objectives

By the end of the FNFM™ e-learning course you will learn the following key things:
• personal development as a manager and leader,
• information based decision making,
• performance management,
• resource management,
• meeting stakeholder and quality needs,
• conducting a management project,
• financial control,
• marketing planning,
• project development and control,
• human resource development,
• managing recruitment and selection,
• being a leader,
• leadership practice.

 

Course Modules

The course uses a series of 10 structured modules to help you:
• Understand fundamental financial terminology and concepts
• Read and interpret financial statements
• Gauge the financial impact of operational decisions
• Understand the basis for evaluating investment decisions
Introduction to financial statements
• Importance of financial measures
• Financial accounting and management accounting
• The four types of accounts
• Three financial statements
• Accounting conventions
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
• Fixed asset turnover
• Analysis by industry “supermarket”
• Analysis by Industry “aircraft manufacturing”
• Your own figures
Return on Capital Employed (ROCE)
• What is Return on Capital Employed?
• Elements of ROCE
• Comparison of ROCE
• Financial analysis with ROCE
• Your own figures
Mock exam simulator – designed to test your understanding of the main course objectives contained in the curriculum

Duration

Course access duration is 12 months.
Approximate time required to complete modules – 20 hours.

APMG InternationalOfficial Exam & Accreditation

The Accreditation body is the APMG International.

Examination –
• paper-based exam format, available at various locations across the UK (this exam is not available online via Online Proctoring),
• consisting of 25 multiple-choice questions. Pass mark score is 18 out of 25 available (72%),
• examination duration – 1 hour,
• closed book examination (a copy of the FNFM key terms glossary and a calculator are permitted in the exam).

There is no re-certification requirement; the FNFM™ is a lifetime certification.

If the full package is purchased that includes official examination, please get in touch with SkillPoint when you are ready to take your exam. All course modules need to be completed and assessments passed prior to this stage. The exam must be taken within 12 months of purchase. We will provide location and date availability and make all the necessary arrangements once your selection has been confirmed.

Further Study & Career Options

An improved skill set will enable you to qualify for more management posts. Adding FNFM™ to your CV demonstrates that you possess the knowledge and skills in all aspects of basic business finance and its practical application.

Professionals in the following job roles use FNFM: programme / project manages, IT and service support managers, sales executives / consultants and professionals from other disciplines involved in financial management.

On successful completion of this course you could progress on to Change Management™ Foundation certification to improve your knowledge of the basic principles of achieving successful organizational change, transition and/or transformation; this will improve your job prospects further.

Please get in touch with SkillPoint advisor who will discuss your current situation and will provide the advice and guidance to help you create your own tailored learning journey.

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Got a question? Please call our Support Team on +44 (0) 203 764 9422 or email info@skillpoint.uk.com