Finance for Non Finance Managers – Training Program

Finance for Non Finance Managers – Training Program

 

Overview

 

Learn to make decisions that positively impact the bottom line

 

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.

 

Finance for Non-financial Managers helps you understand finance, the language of business, so you can speak with your peers using the correct terms, concepts and appropriate foundational knowledge.  In this 2-days program you'll also develop an understanding of all of the key financial documents, how to interpret them, and why they are important.  Financial terms and calculations will be explained in a way that makes sense for non-financial business professionals.  Finally, you will also be challenged to apply what you learn in class by analyzing how your work and your decisions are related to the overall performance of the company.

The Finance for Non-financial Managers course empowers managers to more effectively communicate with accounting and finance people and to better understand the financial aspects of business decisions. Many operating managers have had limited exposure to financial data, are afraid of accounting statements and need to know more about this important business function.

Program Key Focus Areas

• Who uses accounting information and why
• Financial reporting and standardized disclosures
• Underlying accounting assumptions
• Performance measures
• Sources and use of funds
• Financial strategies
• Capital budgeting
• What constitutes balance sheets, income statements, cash flow statements as well as the importance of notes and accounting policies
• Financial ratio analysis
• Cost considerations…causes and avoidance
• The concept of contribution and marginal costing
• working capital management
• Discounted cash-flow and capital costs
• Principles of valuation and value creation

How you will Benefit

 

• Improve your understanding of the financial ramifications of your decisions - whether these relate to: an impact on the income statement, balance sheet or cash flow statement
• Plan more effectively
• Identify what causes and drives costs
• Gain insight into working capital management
• Apply key ratios and performance measures
• Understand growth, cash-flow and profitability considerations
• Implement the concept of contribution and marginal costing
• Calculate discounted cash-flow and capital costs
• Comprehend the principles of valuation and value creation from an economic perspective
• Learn to communicate clearly with financial experts so you can understand concepts such as profitability, financial strength, and how to project future growth.
• Understand the basic concepts and techniques of financial analysis to make better business decisions and get better results.
• Learn to assess the risk of an opportunity and determine a minimum acceptable return.

·        Evaluate and choose the best financing options for your company

Who Should Attend

 

All professionals who need to understand the numbers side of the business and to make effective business decisions, including:

 

·         CEOs

·         Head of Departments of Sales, Export, Purchase, Logistics, Marketing, Production, Human Resources, Administration, IT, Research & Developments, Legal

·         Second in line of the above department heads.

·         Any person looking for learning finance

Finance for Non Finance Managers

 

Various Modules to Choose

Module 1

1. Outlines
2. Basic Terms
3. Importance of understanding of Finance
4. Management Accounting & Financial Accounting
5. Cash & Accrual Method of Accounting
6. Importance of Timing

 

Module 2

1. Profit & Loss Accounts
2. Balance Sheet
3. Cash Flow Statement

 

Module 3

1. Ratios Analysis

 

Module 4

1. Capital Budgeting

 

Module 5

1. Costing & Budgeting

 

Module 6

1. Types of Sales
2. Various Taxes consideration and impact (VAT, Excise, Service Tax, TDS)
3. Cost of Sales, Sales Return, Bad Debts

 

Module 7

1. Production Cost
2. Depreciation Cost
3. Break Even, Payback Period , Time Value of Money & IRR

 

Module 8

1. Inventory Valuation
2. Working Capital Management
3. Various Types of Funds

 

Module 9

1. Reading Annual Reports

 

Module 10

1. Risk Management

 

Finance for Non Finance Managers