Financial Awareness for Non-Finance Managers

Course details

Every manager in an enterprise needs to be commercially and financially aware. Gone are the days when an engineering manager just looked after Technical matters and left the consequences of his actions/work to the finance manger to worry about or the IT manager was only concerned with the technical matters of IT function. Any business enterprise exists to generate profit and every manager needs to understand the impact of his or her actions on the bottom line of the business, whether it is new marketing campaign or introduction of a new product design. Because all actions eventually result in a financial impact.

Course Benefits

In this course delegates will learn how to:

• How to interpret the language of Finance
• Determine basic principles of finance and accounting
• Read Balance Sheets
• Determine the financial strength of a company
• Use “Budgets” as control as well as motivational tool

Who Should Attend

• Supervisors and Managers in all functions of the organization
• Sales/Marketing managers
• Operational HR
• Administration Managers and staff
• Supervisory and Junior Finance staff

Course Outline

• The Nature of Finance Function
• Know your Costs and Revenues
• Financial Statements
• The Income Statement
• The Balance Sheet
• The Cash Flow Statement
• Financial Analysis
• Strategic Planning and Budgeting
• Strategic Planning
• Budgeting
• Variance Analysis

Course Prerequisite (s)

• Proficiency in spoken and written English
• Basic Numeracy