Finance for Non Finance for Executives (2 days)

Objectives 

The Finance for Non-Finance Executives course is designed to provide non-financial professionals with a solid foundation in finance principles and concepts. Over the course of two days, participants will gain a practical understanding of financial statements, financial analysis techniques, budgeting, and financial decision-making. Through interactive discussions, case studies, and real-world examples, participants will develop the skills necessary to interpret financial information, make informed business decisions, and effectively communicate with finance professionals.

Target Audience 

This course is designed for non-financial professionals, executives, managers, and decision-makers who want to enhance their financial literacy and understanding. It is suitable for individuals from various departments and functions within an organization who require a practical understanding of finance principles to make informed business decisions. This training program is particularly beneficial for professionals who have limited or no background in finance but need to interpret financial information, participate in financial discussions, and contribute to financial decision-making. 

Learning Outcomes

• Understand the fundamentals of finance and its importance in organizational decision-making.
• Interpret and analyze financial statements, including balance sheets, income statements, and cash flow statements.
• Apply financial analysis techniques to assess an organization’s performance and financial health.
• Comprehend the budgeting process and effectively manage budgets.

Course Outlines:

Day 1:

Module 1:  Introduction to Finance for Non-Finance Executives 

• Understanding the role of finance in organizational decision-making.
• Key financial concepts and terminology for non-financial professionals.
• Overview of financial management principles.

Module 2:  Financial Statements and Analysis 

• Interpreting and analyzing financial statements, including balance sheets, income statements, and cash flow statements.
• Understanding financial ratios and metrics for performance evaluation.
• Assessing the financial health and profitability of an organization.

Module 3: Financial Planning and Budgeting

• The budgeting process: planning, preparation, and monitoring.
• Developing and managing budgets effectively.
• Using budgets as a tool for performance evaluation and control.

Module 4: Financial Decision-Making 

• Evaluating investment projects and capital budgeting techniques.
• Understanding the time value of money and discounted cash flow analysis.
• Making financial decisions based on financial data and analysis.

Day 2:

Module 5: Financial Risk Management 

• Identifying and managing financial risks within the organization.
• Understanding the concept of risk and return in financial decision-making.
• Implementing risk mitigation strategies.

Module 6: Financial Communication and Terminology 

• Effective communication with finance professionals.
• Understanding financial terminology and concepts.
• Presenting financial information in a clear and concise manner.

Module 7: Performance Evaluation and Benchmarking

• Utilizing financial ratios and metrics for performance evaluation.
• Benchmarking financial performance against industry standards.
• Identifying areas for improvement and setting financial goals.

Module 8: Applying Finance Principles in Business Activities 

• Integrating finance principles in day-to-day business decisions.
• Incorporating financial considerations into strategic planning and operational activities.
• Developing a financial mindset for improved business performance.

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