Finance for Non Finance Managers

Course details

Program Objective

By the end of this workshop, participants will be able to:-

• Recognize the art of finance and financial management
• Learn the key financial terms
• Know their role in company finances
• Know where to find the rules and regulations for their area and industry
• Identify various types of financial reports, including income statements, balance sheets, cash flow statements, and statements of retained earnings
• Know how a chart of accounts is created
• Recognize the cash and accrual accounting
• Know the double entry bookkeeping
• Identify the debits and credits
• Identify and analysis important financial data
• Make financial decisions
• Read annual reports
• Determine whether a company is financially high or low risk
• Differentiate types of organizational financial plans
• Know what budgets are and how to prepare them
• Know what computer skills they need to make you a financial whiz
• Deal with financial situations that impact the people that work for them

Program Outline

• Introduction and Course Overview
• Getting the Facts Straight
• The Accounting Cycle
• The Key Reports
• Keeping Score
• A Review of Financial Terms
• Understanding Debits and Credits
• Your Financial Analysis Toolbox
• Identifying High and Low Risk Companies
• The Basics of Budgeting
• Working Smarter
• People and Numbers
• Workshop Wrap-Up