Finance for Non-Financial Professionals Course

Master Finance Essentials: Finance for Non-Financial Professionals

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Finance for Non-Financial Professionals Course

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Course Overview:

The course is designed to bridge the gap between complex financial concepts and practical, everyday business applications. It empowers non-financial professionals by simplifying the intricacies of finance. The course offers a hands-on approach to understanding financial statements, financial planning, and financial analysis. Participants will gain confidence in their ability to contribute to their organization's financial health by delving into real-world scenarios and practical examples. The course demystifies topics such as the accounting equation, financial statements, financial planning techniques, and capital budget decisions, making it accessible and valuable for professionals from various non-financial backgrounds. Whether you're looking to enhance your decision-making skills, understand the financial implications of your work, or simply gain a stronger grasp of financial concepts, this course is your gateway to financial fluency in the business world.

Target Audience:

Non-financial managers and professionals
Administrative assistants seeking to enhance financial literacy
Project managers needing a better understanding of financial planning
Entrepreneurs and small business owners
Professionals transitioning into roles requiring financial oversight

Targeted Organizational Departments:

Operations
Marketing
Human Resources
Project Management
Customer Service

Targeted Industries:

Healthcare
Education
Government
Retail
Manufacturing

Course Offerings:

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

Understand the main accounting equation and fundamental accounting principles.
Prepare key financial statements, including the income statement, balance sheet, and cash flow statement.
Analyze financial statements using a structured framework.
Differentiate between financial accounting and management accounting.
Apply financial planning and analysis techniques to real-world business scenarios.
Prepare operating budgets and make informed capital budget decisions.
Utilize financial analysis to support decision-making.
Understand the five main accounts in financial statements and their significance.

Training Methodology:

This course utilizes a combination of interactive and practical learning approaches to ensure a complete understanding of accounting and finance principles. Participants will take part in case studies that replicate real-world business scenarios, allowing them to apply their knowledge in a secure learning environment. Group work and interactive sessions promote peer learning and collaboration, fostering a deeper grasp of the material. The course also features reflective sessions for consolidating learning and feedback sessions to offer personalized guidance and improvement. Through these diverse methodologies, the course ensures that participants not only grasp theoretical concepts but also acquire practical skills that they can immediately apply in their professional roles.

Course Toolbox:

Course handbook covering essential accounting and finance concepts.
Templates for financial statements.
Case studies for hands-on practice.

Course Agenda:

Day 1: The Business Environment and the Role of Accounting

Topic 1: The Business Environment
Topic 2: The Uses and Purpose of Accounting
Topic 3: Users of Accounting and Financial Information
Topic 4: Accounting Terminology and the Dual Entry Accounting System
Topic 5: The Income Statement – Financial Performance vs. The Balance Sheet – Financial Position
Topic 6: Cash Flow vs. Profit and the Cash Flow Statement
Reflection & Review: Linking Cash Flow Statement, Income Statement, and Balance Sheet

Day 2: The Financial Statements and Financial Analysis

Topic 1: Accounting Conventions and IFRS Standards
Topic 2: Key Elements of Published Annual Financial Reports (AFR)
Topic 3: Techniques for Interpreting Financial Statements (Common-Size & Ratio Analysis)
Topic 4: Financial Statements Analysis – Case Study
Topic 5: Cash Flow Ratios and Their Strategic Value
Topic 6: Predicting Business Failure and Using Public Financial Information
Reflection & Review: Using Ratios and Indicators for Business Intelligence

Day 3: Budgeting and Break-even Analysis

Topic 1: Management Accounting – The Internal Perspective
Topic 2: Cost Analysis – Materials, Labour, and Overheads
Topic 3: Understanding Overheads in Decision-Making
Topic 4: Cost / Volume / Profit (CVP) Analysis and Break-even Point
Topic 5: Using CVP for Profit-Oriented Decisions
Topic 6: Budgeting Purpose, Models, and Implementation
Reflection & Review: Relevance and Effectiveness of Budgeting Under Risk and Uncertainty

Day 4: Budgetary Control and Capital Investment Appraisal

Topic 1: Budgetary Control using Monthly Management Reports
Topic 2: Standard Costing and Variance Analysis
Topic 3: Case Study on Interpreting Variances
Topic 4: Internal Growth and Types of Capital Investment
Topic 5: Basic Appraisal Methods – ARR, Payback, and DCF Concepts
Topic 6: NPV and IRR – Advanced Capital Budgeting Techniques
Reflection & Review: Applying NPV with Practical Issues – Risk, Inflation, Rationing

Day 5: Financing the Business and Reorganisation Strategies

Topic 1: Why and When to Finance a Business
Topic 2: Financing Principles – Short vs. Long-term, Debt vs. Equity
Topic 3: Sources and Types of Finance
Topic 4: Cost of Capital – Equity (Dividend Model & CAPM)
Topic 5: Cost of Debt and WACC Calculations
Topic 6: External and Internal Growth Strategies – M&A, Joint Ventures, Restructuring
Reflection & Review: Strategic Financing and Reorganization Techniques for Business Growth

How This Course is Different from Other Finance Courses:

The course stands out because it focuses on practical application tailored specifically for non-financial professionals. Unlike traditional finance courses that may be overwhelmed with technical jargon, this course simplifies complex concepts, making them accessible and relevant to those without a financial background. The course integrates real-world case studies, allowing participants to see the direct impact of economic decisions in various business contexts. This hands-on, interactive approach enhances learning and ensures that participants can apply their newfound skills immediately in their roles. Additionally, the course offers personalized feedback and continuous support through online resources, making it a complete and unique offering in the field of finance training.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center