Finance For Non-Finance Managers and Executives

Business managers at all levels of the organisation must have an understanding of finance if they are to add value to their organizations.

A major expectation of good managers is to ensure that they add value to their organizations. Managers at all levels require financial knowledge to communicate with financial specialists and understand the financial impacts of their operational decisions. In today’s business world, non-finance managers are also called upon to make quick and accurate decisions about financial issues within their own areas.

It is also important that managers need to operate more strategically, managing the growth and risk in their organizations and therefore must have the necessary financial skills and knowledge to add value to their businesses in the short and long term. Being able to read and comprehend financial and management accounting statements and reports prepared by finance professionals is imperative in asking the challenging questions in respect of strategic decisions that they are required to make.

Following recent high profile corporate collapses, senior managers and non-executive directors are now also responsible for the financial performance of their organisations as well as the accurate presentation of such information to their stakeholders. This serious responsibility is an added incentive for non-finance managers to enhance their knowledge and understanding of finance.

This Finance for Non-Finance Managers training course is designed to provide delegates a comprehensive understanding of financial management principles including the accounting, management accounting and performance management aspects of the discipline of finance.

Course Objectives: 

The workshop essentially comprises four main segments:

  • Introduction to Finance
  • Financial Analysis and Investment Decisions
  • Cash Flow Management
  • Management Accounting and Performance Management

The course will also include practical applications of financial management principles in each of the above sections.

Target Audience: 
Sales Personnel
Course Methodology: 
  • Interactive Lectures
  • Discussions
  • Practical Exercises & Case Study
Course Outlines: 

Day 1

A.M.: Introduction to Finance
Session 1. Introduction to accounting within the organisation
  • The basic principles of accounting
  • How operational activities are reflected in the accounts
  • Accounting information flow
  • Accrual and cash accounting principles
  • Understanding accounting jargon
Session 2. Understanding financial statements and interpreting results
  • The Statement of Financial Position 
  • The Statement of Comprehensive Income 
  • The Statement of Cash Flows and Statement of Changes in Equity
  • The linkage between the financial statements
  • The management perspective of financial statements
P.M.: Financial Analysis and Capital Investment decisions
Session 3. Ratios – the tools for measuring financial health
  • Liquidity ratios
  • Operating ratios
  • Financing ratios
  • Profitability ratios
  • Return on investment models
Session 4. Capital investment decisions
  • Financial management principles supporting investment decisions
  • Capital investment evaluation techniques
  • Identifying and developing project cash flows
  • Cost benefit analysis &prioritising capital decisions

Day 2

A.M. Cash Flow Management
Session 5. Managing cash flow – an organization-wide responsibility
  • Introduction to cash flow management
  • Understanding the cash flow cycle
  • Managing and controlling cash flow across the organisation
  • Managing risk in respect of cash
Session 6. Working capital – management’s challenge
  • Understanding what is working capital
  • Identifying the components that comprise working capital
  • Effectively managing working capital in the organisation
P.M. Management Accounting and Performance Management
Session 7. The basic principles of management accounting
  • Management accounting as an aid to management
  • The analysis of costs and cost structures
  • Using costs for decision making
  • Management reporting for business control
Session 8. Strategic management accounting – managing performance
  • Planning and budgetary control
  • Budgeting and forecasting techniques
  • Strategic management accounting tools and techniques
  • Non-financial measures and links to financial indicators
  • Corporate performance management.

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Contact Us

Email: [email protected]

Jimmy Ong Tel: ‭+60 16 216 1383‬ (Call on Whatsapp for free)