Finance for Non Finance Managers

About Course

Course Overview:

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 will learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities. You will also 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.

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Define the four key financial statements: balance sheet, income statement, cash flow, and changes in owner equity
Define 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

Course Content

Day 1: The Key Financial Statements

Understanding the accounting cycle
The five main accounts in financial statements
Income Statement: A tool for performance measurement
Accrual basis vs. cash basis
Balance Sheet: A tool for financial position
Statement of Owners� Equity
Statement of Cash Flows: Cash is king
Wrapping up: The cycle of financial statements
External and internal auditors� responsibilities