Finance for Non-Finance Professionals

To succeed at any employment level and position, knowledge of basic financial principles is critical. ‘Finance for non-Finance Professionals’ transforms financial and accounting concepts into decision making tools you can use successfully every day. You learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities.

You will understand the terminology used by accounting and finance staff and will feel more confident when being involved with them or using them. This course will help you do a better job and prepare you for senior management positions where financial awareness is crucial.

Awarding Body

London Institute of
Business & Technology

Duration

5 Days
25 Hours

Start Date

All Year Around

Study Mode

Classroom OR
Distance Learning

By the end of this programme, the participant will be able to:

  • Define the four key financial statements: balance sheet, income statement, cash flow and changes in owner equity as well as key financial terms such as profit, margins and leverage used in organizations
  • Interpret the financial health and condition of a company, division or responsibility center and use financial information for management and evaluation
  • Distinguish between accounting and finance and explain the finance role in running businesses
  • Prepare a company’s operating budget and relate it to the organization’s strategic objectives
  • Apply capital budgeting techniques and cost-volume-profit analysis to enhance decision making
  • The key financial statements
    • Understanding the accounting cycle
    • The five main accounts in financial statements
    • Income statement
      • Accrual basis versus cash basis
    • Balance sheet
      • The balanced status
    • Statement of owners’ equity
    • Statement of cash flows
    • Wrapping-up: the cycle of financial statements
    • External and internal auditors’ responsibilities
  • Analysis of financial statements
    • Why are ratios useful?
    • Horizontal and trend analysis
    • Vertical analysis: common size statements
      • Common size financial statements
    • Building blocks analysis and reading through the numbers:
      • Liquidity ratios: ability to settle short-term dues
      • Solvency ratios: ability to settle long-term dues
      • Activity ratios: ability to manage assets efficiently
      • Profitability ratios
      • Limitations of financial ratio analysis
    • Working capital management
      • Definition of working capital and working capital management
      • Working capital management strategies for current assets
        • Balancing profitability and liquidity
      • Working capital management strategies for current liabilities
        • trade-off between profitability and certainty
      • Recap: concept of financial management
        • Accounting versus finance: rules and responsibilities
        • Three pillars of finance
          • Financing decisions
          • Investing decisions
          • Operating decisions
  • Breakeven analysis and decision making
    • Defining fixed costs
    • Defining variable costs
    • Contribution margin formula
    • Computing breakeven point
    • Sensitivity analysis: changing assumptions
  • Operating budget process and techniques
    • What is an operating budget?
    • Steps to budget development
    • Master budget components
      • Sales forecasting
    • Approaches to budgeting
      • Incremental budgeting
      • Zero-based budgeting
    • Budgetary control and correction
  • Capital budgeting: the investing decisions
    • Examples of exercises involving capital budgeting exercise
    • Time value of money: a prerequisite for investing decisions
    • Required rate of return for investments
    • Examples of cash outflows for capital projects
    • Examples of cash inflows for projects
    • Net present value calculation
    • Internal rate of return

Managers, supervisors and staff from any function including finance who need to improve understanding and usage of financial information.

5-day training programme – 1,790 USD

How many students are there in a classroom?

It depends on how many would enroll per intake. Even if the number of students are just 1, we still continue with the training as planned. The maximum number of students we will have in a classroom is 10.

Can I request a date that is convenient for me?

Absolutely! We will arrange the training that is convenient for you. The training date is completely customizable.

Can I change the course content?

Yes, if the contents of the course needs to be changed, please let us know. We will communicate with you and get a course outline that works for you finalized.

Does it matter which industry I work at?

It really doesn’t. We take cases and discuss them to cover your industry. If you need the course to be customized and tailored to your industry, we can also do that. You’d have to let us know in advance by filling out the form below.

(The fees include coffee breaks, study materials and working lunches daily)

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