Finance for Non-Finance Professionals

1. Describe the impact of fast closing on company-wide operations.
2. Explain the functions of financial management and its role in running businesses.
3. Communicate effectively with finance professionals by using common financial language.
4. Define the four key financial statements: balance sheet, income, cash flow and changes in owners’ equity as well as key financial terms used in organizations (e.g. profit, margins, leverage, etc.)
5. Interpret the financial health and condition of a company, division or responsibility center.
6. Apply capital budgeting techniques and cost- volume-profit analysis to enhance decision making.
7. Use financial information to manage and evaluate their company or department operations.

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

Concept of Financial Management:

• Accounting versus Finance: Rules and Responsibilities
• Three Pillars of Finance
  • Financing Decisions
  • Investing Decisions
  • Operating Decisions

The Key Financial Statements:

• Understanding the Accounting Cycle
• The Six Main Accounts in Financial Statements
• The Cycle of Financial Statements
• Income Statement
• Owners’ Equity
• Balance Sheet
• Cash Flow Statement and Cash Flow Rules
• Annual Reports, Auditors’ Opinion and Financial Disclosures
• Mapping the Three Pillars of Finance to Financial Statements
• Analysis of Financial Statements
• Judging the Health of the Business
• Vertical, Horizontal, and Trend Analysis
• Income Statement Ratios
• Balance Sheet Ratios
• Analyzing and Interpreting Company Annual Reports
• Different Measures of Profitability
• Reading through the Numbers

Working Capital and the Financing Decision:

• Why Manage Working Capital?
• Current Asset Classification  
• The Trade-Off in Working Capital Management Strategies
• Sources of Short-Term Financing
•  Balancing Profitability and Liquidity

Budgeting Process and Techniques:

• Importance of Budgeting
• Main Methods in Budgeting
• Incremental Budgets
• Zero-Based Budgeting
• Activity-Based Budgeting
• Participative Budgeting
• The Budgeting Process 
• Budgetary Cost Control

Capital Projects:

• Time Value of Money
• The Capital Budgeting Decision
• Methods in Evaluating Capital Projects
• Net Present Value and Internal Rate of Return

Break-Even Analysis and Decision-Making: 

• Understanding Break-Even Analysis
• Fixed and Variable Cost Behavior
• Decision-Making Using Contribution Margin

• The Training lectures.
• The Group discussions.
• The Training Workshops.