Finance for Non-Financial Professionals

Course details

• Having completed the program, participants should be able to:
• Explain the functions of financial management
• Use financial language to communicate more effectively with financial professionals
• Understand the key financial statements and their purpose; balance sheet, income and cash flow
• Interpret an organization, or profit center using ratios and breakeven analysis
• Use of budgeting, forecasting and planning to evaluate and control the business
• How to use financial information to help them manage their business
• Demystify financial information and have confidence and control to make financial decisions

What will I learn?

• The Need for Financial Intelligence
• Finance within the Organization
• Concepts and conventions
• Importance of Accounts
• Who needs Accounts
• Managing Money
• Accounting for Business
• Annual Report
• The key elements of published reports and accounts.
• Balance Sheet
• Profit and Loss
• Importance of Liquidity
• Statement of Cash Flows
• Revenue and Costs
• Ratio Analysis
• Responsibility Centers
• Budgeting
• The Cost of Capital and Capital Investment Appraisal
• Strategy and Financing the Business
• Your Personal Plan
• How are you going to apply the learnings from the course