Sitemap l Privacy Policy l Contact Us

All Courses

	Organization Consulting

	General Management

	Sales & Negotiations

	Professional Interpersonal Communications & Management Skills

	Human Capital

	Brain Capital

	Teambuilding

	Customer Relations

	Personal Effectiveness

Training Courses

Finance For Non-Financial Managers

This course transforms financial and accounting language and concepts into decision-making tools the non-financial manager can use successfully every day. Course participants learn to apply the fundamentals of finance to improve budget management, increase potential profits, sell new ideas and assess the financial viability of projects.

Objectives

At the end of the workshop, participants would be able to

	Explain the nature and role of financial management

	Identify key financial statements and their interrelation

	Discuss the content of financial statements and what “story” each tells through the use of ratios

	Identify the importance of accounting methods to financial analysis

	Describe methods of forecasting, budgeting and planning

Workshop outline

	Understanding Financial Management
	- Understanding Financial Management
	- Role of Financial Management in an Organization
	- The Business Path/Cycle
	- Communicating the Goals & Objectives of Financial Management


	Interpreting Key Financial Statements
	- Balance Sheet Overview
	- Assets, Liabilities and Stockholders' Equity
	- Key Accounting Terms relating to the balance sheet
	- The difference between financial institutions and corporate/industrial balance sheets


	Income Statement
	- Income Statement Overview
	- Key Accounting Terms relating to the Income Statement
	- Revenues, Expenses and Profitability Measures
	- Difference between financial institutions and corporate/industrial income statements


	Statement of Cash Flows
	- Overview of Cash Flow Statements
	- Overview of Cash Flow Statements
	- Difference between financial institutions and corporate/industrial statement of cash flows


	Using the Financial Statements
	- Quality of Financial Reporting
	- Accounting Policies, Estimates
	- Timing of Revenue and Expense Recognition
	- Notes to Financial Statements
	- Auditor's Report


	Forecasting
	- Projecting Sales Revenues and Expenses During the Planning Period
	- Estimate the level of Investment in Current and Fixed Assets to Support the Sales
	- Determine Financing Needs During Planning Period
	- Analyzing Historical Data to Identify Trends


	Capital Budgeting
	- Defined
	- How and why capital budgeting is used
	- Breakeven Analysis
	- Selecting Projects
	- NPV

Methodology

Lectures, group discussions, exercises practice and case studies

For Whom

Managers and professionals who want to have a basic understanding of finance and its application in business

Duration

2-day workshop

< back to General Management