Finance for Non-Finance Managers

A comprehensive understanding of the key concepts of business finance for non-financial managers makes their decision making effective and gets them closer to their ultimate goals and objectives. Executives and directors of a company must interact with their crucial finance employees regularly. The interaction helps in understanding what your company’s financial profit and loss accounts are telling about the financial situation of the company and its performance.

Learning finance for non-finance managers develops their ability to manage the daily financial aspects of an organisation effectively. Furthermore, it can help them understand various financial reports in detail and make critical business decisions effectively.
 

This five days course is designed to help managers understand how the decisions they make will affect the financial performance of their organization. The materials and activities are designed to help you demystify the jargon of finance and to understand and use a range of different financial techniques to improve your abilities as a manager. You will look at the different financial reporting statements and financial measures to improve performance. You will learn about different mechanisms of costing and financial methods such as budgeting to assist in planning and controlling performance.

Throughout this course, you will be asked to relate your studies to your own work context. It will also give you an understanding of the language used by accountants and how financial statements fit together. It will explain, in a practical way, the financial statements of an organization and how to read and understand them plus basic accounting concepts such as depreciation, cost behaviour, cash flow, working capital, and budgeting.