Training in Financial Management for Non-Financial Professionals

Introduction:

For business professionals, mastering financial fundamentals is essential for organizational progress. This Finance for Non-Financial Managers course covers critical aspects of finance, focusing on profitability, liquidity, and financial structure.

Participants will explore the accounting cycle, including data acquisition, recording, reporting, and synthesizing financial statements. These reports are crucial for compliance and are analyzed by various stakeholders within the organization.

The course emphasizes the importance of management accounting for business survival and success, highlighting how budgeting can control costs and increase profits. Additionally, participants will learn tools and techniques for evaluating new investments, understanding their impact on corporate profitability and competitive positioning.

Objectives:

Upon completion of the Finance and Accounting for Non-Financial Managers course, participants will be able to:

• Define and explain the purpose of financial statements and evaluate them.
• Use accounting and finance concepts effectively in communication.
• Assess an organization’s performance using ratios and break-even analysis.
• Implement budgetary control techniques to compare actual results against plans and recommend corrective actions.
• Evaluate investment projects using methods such as Discounted Cash Flow (DCF).
• Recognize the role of strategic accounting in enhancing business performance.

Participants will also:

• Differentiate between economic and non-economic activities and apply economic principles in various areas.
• Manage performance reporting to maintain morale and illustrate the value of such techniques.
• Develop policies for divisional finance, including capital expenditure and revenue management.
• Remain impartial in evaluating conflicts of interest.
• Align their perspectives on the importance of resolving conflicts.
• Systematically organize and record goods ownership and transmission.

Training Methodology:

• Case studies
• Group discussions
• Simulations
• Role-playing scenarios
• Demonstrations of financial tools
• Real-world problem-solving activities

Course Outline:

Unit 1: Developing and Obtaining Capital for Business Establishment

• Types of business entities and their financing needs.
• Plans for acquiring debt and raising equity.
• Risk evaluation and its impact on business performance.
• Types of funding and their consequences.
• Impact of business types on operational capabilities.
• Efficiency of various financing options.

Unit 2: Interpreting Capital Market Company Performance Information

• Understanding financial positions (balance sheets) and profit and loss statements.
• Evaluating companies based on public financial information.
• Assessing financial statements within the context of business strategy.
• Analyzing financial statement trends and disclosure quality.
• Impact of accounting principles on financial reporting.

Unit 3: Financial Analysis – Evaluating Organizational Performance

• Calculating and interpreting investor returns, leverage, and interest cover.
• Analyzing profitability ratios and their implications.
• Using financial ratios to assess liquidity and efficiency.
• Evaluating key performance indicators and economic indicators.
• Employing advanced financial ratios for performance measurement.

Unit 4: Restructuring for Finances and Budgets

• Strategic and business planning and budget preparation.
• Negotiating profit and financial budgets.
• Understanding cost control in budgeting.
• Choosing between straight-line and zero-based budgeting.
• Implementing cash budgeting and sensitivity analysis.
• Aligning budgeting with business strategies and understanding its psychological impact.

Unit 5: Everyday Decisions in Financial Management

• Projecting cash flows and their importance.
• Applying ROI and WACC in decision-making.
• Linking cash flow returns with investment strategies.
• Using real options and risk management in decision-making.
• Applying decision trees to complex economic situations.