Non-finance managers also take decisions within organisations that could have very serious consequences for the company’s future wellbeing. These managers need to understand the implications of the decisions they are about to take on the company’s performance, shareholders’ value and resource management. Managers need to understand the flow of financial resources, the fundamentals of finance and how to use the financial information and tools effectively. These tasks, already difficult even for practitioners, can pose significant challenges for Managers who are not trained in finance and have little exposure to the field. New tools, new technologies, cutting edge financial instruments and sophisticated techniques do not make their work any easier.
This training is designed for the participants to understand the fundamentals and further apply what they know experientially. It will allow participants to share a common vocabulary, ask the right questions and make better financial decisions for the organisation.
- Strategic planning for financial sustainability.
- Understanding the Numbers.Financial statement analysis and interpretation.
- Budgeting and financial forecasting.
- Sales forecasting
- Developing a budget
- Static and flexible budgeting
- Budgetary Control
- Operating leverage