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Finance for Non-Financial Managers (FNFM)

  • For Managers that want to better understand finance to achieve organisational objectives
  • Play a more active role in achieving success and promote collaboration with finance specialists
  • Enhance your confidence and skills in a vital aspect of management & leadership
  • Qualify and validate your skills with the support of expert Tutors, Study Coaches, and Recruitment Advisors

    Finance for Non-Financial Managers (FNFM)

    Finance plays a crucial role in decision-making across all departments, and being equipped with the necessary financial knowledge is essential for managerial success.

    Through Finance for Non-Financial Managers, you will develop a comprehensive understanding of key financial principles and concepts. From interpreting financial statements to analysing budgets and making informed investment decisions, you will gain the skills needed to navigate the financial landscape confidently.

    You will empower yourself to contribute effectively to financial discussions, collaborate with finance teams, and make sound business decisions aligned with organisational goals.

    Enhance your ability to allocate resources wisely, assess project feasibility, and communicate financial insights to stakeholders, ensuring a more robust and financially-driven approach to management.

    Why study with us?

    • Stay motivated and manage your time effectively through regular one-to-one follow-ups with your certified Tutor and Study Coach
    • You have 24/7 access to your online courses, so you can study at your own pace and save on travel costs (plus an exclusive AI Tutor Bot for round-the-clock questions)
    • Your official certification means that your experience is validated through industry-recognised material and highly valued in the UK (and the world!)
    • Your Exam Simulator will prepare you for your official exam by providing all the conditions for sitting and passing your exam successfully, as well as your end-module quizzes
    • A Simulated Project Assignment gives you the opportunity to virtually shadow a Project Manager and gain real-world, practical experience
    • Your Student Community Forums give you the opportunity to share questions, ideas, and knowledge with other professionals studying this certification
    • Your CV and LinkedIn profile will receive complete makeovers from your Recruitment Advisor to make sure you maximise your chances of securing rewarding opportunities
    • Career and recruitment support gives you advice on how to secure and succeed in job interviews, including mock interviews and exclusive interview preparation tailored toward your prospective company and role
    • Your expert Career Consultant will help you choose the right certification, and combine it with strategic guidance to make sure you achieve success in your professional journey

    Avoid the negative effects of making the wrong decision about your development journey, have an open Q&A with an expert. 

    What’s included?

    • Consultation with a Career Consultant to corroborate your course choice
    • Unlimited, 12-month access to the Finance for Non-Financial Managers Course
    • Official Finance for Non-Financial Managers Exam on request
    • Certified Tutor to provide assistance with course queries
    • A full students’ manual reflecting the course content
    • Modular assessments to support you as you complete the course
    • Access to a full Support Team for assistance with examination, notes, and study queries
    • A professional CV rewrite
    •  A LinkedIn profile overhaul to maximise your new networking opportunities

    Certification: Finance for Non-Financial Managers

    Vendor: APMG International

    Course prerequisite: There are no formal prerequisites to study this qualification

    Study time: 20 – 30 hours

    Certification details

    ITonlinelearning is partnered with ILX, a verified APMG International Accredited Training Organisation (ATO), which means that this certification has been rigorously assessed and approved to meet industry standards.

    Accrediting body
    This certification is accredited by the APM Group, otherwise known as APMG International: a leading accreditation and exam institute.

    Certification expiry
    This certification does not expire and is thus a fantastic building block for your project management portfolio.

    We are an Accredited Training Organisation (ATO) for the UK’s most esteemed learning providers

    Our courses have been developed in collaboration with industry-leading experts and are created by ITonlinelearning for you, exclusively.

    Finance for Non-Financial Managers

    What You Will Learn

    From interpreting financial statements to analysing budgets and making informed investment decisions, you will gain the skills needed to navigate the financial landscape confidently.

      Financial Statements

      You will learn the fundamentals of financial statements and gain an understanding of the importance of financial measures, delve into both financial accounting and management accounting, explore the 4 types of accounts, and become familiar with the 3 essential financial statements. Additionally, you will grasp the underlying accounting conventions that shape financial reporting, enabling you to interpret and analyse financial information effectively.

      Profit & Loss Accounts

      You will learn about the profit and loss account as well as understand the purpose and components of the profit and loss account, including the various elements and costs involved. Furthermore, you will gain practical skills in analysing and interpreting your own financial figures within the context of the profit and loss account, enabling you to make informed business decisions based on financial performance.

      Balance Sheets

      You will gain an understanding of the definition and purpose of the balance sheet, including the sources and use of figures. Explore the format of the balance sheet and its inter-relationship with the profit and loss account. Through practical examples and analysis of your own figures, you will develop the ability to interpret and utilise balance sheet information to assess financial health and make informed business decisions.

      Cash Flow

      You will learn about cash flow and its significance. Understand the relationship between profit and cash, explore the elements of cash flow, and gain insights into managing cash and loans effectively. Through practical applications and analysis of your own figures, you will develop the skills to assess and forecast cash flow, enabling you to make informed decisions and maintain financial stability in your organisation.

      Costing Decisions

      You will learn about costing decisions and their impact on your organisation. Gain an introduction to costing concepts, understand the distinction between variable and fixed costs, explore different cost structures and methods, and delve into break-even analysis and product costing. By applying these principles to your own figures, you will develop the ability to make informed costing decisions that optimise profitability and drive financial performance.

      Financial Analysis: Introduction

      You will learn about the fundamentals of financial analysis and its practical application. Gain an understanding of what financial analysis entails, explore key techniques and tools used in analysing financial data, and discover how financial analysis can be used to support decision-making and evaluate the financial health of your organisation.

      Investment Appraisal

      You will learn about investment appraisal techniques and their application in evaluating potential projects. Understand how to assess cash flows and relevant costs, calculate payback periods, apply present value and discounting methods, analyse discounted cash flows, and conduct sensitivity analysis to assess project feasibility. You will also gain hands-on experience in applying investment appraisal techniques and making informed investment decisions that align with organisational goals & maximise value.

      Profit Margin

      You will learn about profit margin analysis and its significance in evaluating business performance. Gain an understanding of profit margin ratios, explore comparisons by industry, including supermarkets and the aircraft manufacturing industry, and examine profit margin flowcharts. Through practical exercises, you will have the opportunity to apply these concepts using your own figures, enabling you to analyse and interpret profit margins effectively and make informed decisions to improve financial performance.

      Asset Turnover

      You will explore the concept of asset turnover and its relevance in assessing business efficiency. Gain insights into asset turnover flowcharts and learn about working capital ratios and fixed asset turnover. Analyse asset turnover in different industries, including supermarkets and the aircraft manufacturing sector. Additionally, you will apply these concepts to your own figures, allowing you to evaluate asset turnover and make informed decisions to optimise resource utilisation and enhance business performance.

      ROCE

      You will delve into the concept of Return on Capital Employed (ROCE) and its significance in evaluating business performance. Understand the elements of ROCE and explore its comparison across different entities. Learn how to conduct financial analysis using ROCE as a key metric. Moreover, you will have the opportunity to apply these principles to your own figures, enabling you to assess the return on capital employed and make informed decisions to maximise profitability and efficiency.

      Your Success is Assured

      Expert Career Consultants

      Our expert Career Consultants select qualifications that align perfectly with your aspirations by collaborating with you to identify your desired end-goal.

      Certified Tutors

      Our certified Tutors are there to assist you with course questions, exam queries, and revision so you have all the support you need to ace your exams.

      Study Coaches and Mentors

      Your Study Coach and Mentor is dedicated to guiding and supporting you throughout your journey by providing motivation, encouragement, and monitoring progress.

      Experienced Recruitment Advisors

      Your Recruitment Advisor will provide you with the tools you need to succeed, like an industry-oriented CV, Linkedin profile overhaul, and exclusive resources.

      The Key to Your Success

      Your Expert Career Consultant has received extensive training in the solutions we offer, and they understand that making the wrong choice can have a negative impact on your career, and overall well-being. They’re here to: 

      • Get to know you, your goals, and your experience 
      • Help you through the best options for you
      • Make sure you choose the right path: financially, psychologically, and professionally. 
      Meet your Team

      Career and Progression Prospects

      This certification serves as an introduction to Finance Management for Non-Financial Managers, which is beneficial for aspiring and practising:

      Project Managers

      IT Managers

      Service Support Managers

      Sales Executives

      Graduates

      Managers

      Why Choose ITonlinelearning?

      Customer-Approved Service since 2007

      You will benefit from our perfected learning & development formula by enjoying support that forms the crux of our values and mission. Our TrustScore of 4.9 has remained consistent with thousands of 5-star reviews, so we’re happy to report that our customers agree.

      An Endorsed Qualification & Reputation

      When we say accredited, we mean that official experts from our licensed organisations have evaluated and approved our training material to ensure it meets their refined standards. These qualifications thus make you a credible and reliable professional.

      Tailored Advice & Consulting

      There is no one-size-fits-all approach to achieving personal and professional goals. You deserve career consulting and employability advice tailored toward your specific skills, experience, and aspirations – luckily, this is our forte.

      Full Student Success Team

      To drive your success forward to the finishing line of your goals, our team comprises of professionals available at the press of a button to provide clarity on questions you have regarding your exam booking and preparation, portal and logins, assignments, as well as quizzes. You can also access one-to-one Tutor and Mentor Support so that your queries can be resolved swiftly and comprehensively. Our Tutors are experienced and certified in their fields, too!

      Bolster Your Income Potential & Job Security

      Your certification will provide you with a significant competitive advantage by validating your skills and knowledge – with that, you can either contribute toward your current company or grow in another one.

      Finance that suits your lifestyle

      You shouldn’t have to sacrifice your lifestyle in order to advance your skills. With your development at the forefront of our mission, we have personalised financing options so that you can live comfortably whilst investing in your future.

      View Our Success Stories

      Our TrustScore maintains a steady rating of 4.9 out of 5 stars for excellent service, but don’t take our word for it.

      Projecting Your Salary

      We want to help you achieve the best outcome in your studies so that you can flourish in your selected development pathway.

      £37.5K /

      per year

      Service Support Manager

      £47.5K /

      per year

      IT Manager

      £50.1K /

      per year

      Project Manager

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      Finance for Non-Financial Managers (FNFM)
      Frequently Asked Questions

      You have questions, and we have all the answers

      Finance for Non-Financial Managers (FNFM) is a comprehensive course designed to equip individuals without a financial background with essential financial knowledge and skills. It provides an understanding of key financial concepts, such as financial statements, costing, investment appraisal, and analysis, enabling participants to make informed business decisions and contribute effectively to financial discussions and planning within their organisations. The course empowers non-financial professionals to enhance their financial acumen and play a more strategic role in driving organisational success.

      Finance for Non-Financial Managers (FNFM) is specifically designed for professionals from non-financial backgrounds who seek to develop their financial knowledge and skills. It is suitable for individuals in various roles and industries, including managers, executives, department heads, project leaders, and entrepreneurs, who need to understand financial concepts and make informed financial decisions to drive business success. The course caters to those who aim to enhance their financial acumen and contribute effectively to financial discussions and planning within their organisations.

      The Finance for Non-Financial Managers (FNFM) certification is assessed and awarded by means of an examination. This exam comprises of 25 multiple choice questions (meaning you will have to select your answers from the options you are provided with). Your exam will be 60 minutes long, and you will be required to score 72% (18 out of 25) or higher in order to pass. This is a closed-book exam.

      Completing Finance for Non-Financial Managers (FNFM) will provide you with the essential financial knowledge and skills necessary to make informed business decisions. You will gain a solid understanding of financial statements, cost analysis, budgeting, and investment appraisal, enabling you to contribute effectively to financial discussions, improve financial performance, and drive overall business success. The course equips you with the tools to analyse financial information, interpret key metrics, and make strategic financial decisions with confidence.

      This certification does not expire and is thus a fantastic building block for your portfolio!