Finance Management for Non-Finance Professionals

Training Objectives

By the end of this course delegates will be able to:

• Learn the importance of accounting in running businesses
• know the functions of financial management
• Understand the four key financial statements: balance sheet income, cash flow and changes in owners’ equity
• Understand the accounting cycle.
• Interpret the financial health of a company or profit center
• Perform hands on analysis
• Analyze financial statement and judge the health of the company.
• Account for assets, liabilities and equities.
• Learn the effective reporting skills.
• Effectively prepare balance sheets and income statements.

Use financial information to manage the business

Module Outlines

Module 1: Introduction:

• The Goals and Functions of Financial Management.
• The Three Most Important Questions Answered by Finance Role of the Manager

Module 2: The Key Financial Statement

• Income Statement.
• Changes in Owner Equity.
• Balance Sheet.
• Cash Flow Statement.

Module 3: Analysis of Financial Statements

• Judging the Health of the Business.
• Income Statement Ratios.
• Balance Sheet Ratios.
• How to Read Company Annual Reports.

Module 4: Cost concepts and Decision-Making

• Cost-Volume-Profit Analysis.
• Breakeven Analysis.
• Economic Costs versus Accounting Costs.
• Marginal Analysis.
• Cost-Based Pricing.

Module 5: Capital projects

• The Time value of money.
• Cost of Capital.
• The Capital Budgeting.
• Methods in Evaluating Capital Projects.
• Sensitivity and Risk Analysis.

Module 6: Working Capital and the Financing Decision

• Current Asset Management.
• Sources of Short-Term Financing.

Module 7: Using Financial Information to Manage the Business

• Making Business Decisions in Finance, Marketing, Production and Investment.
• The Budget Process.
• Guidelines and Techniques.
• Cost Control.

Customized Learning

Leap To Success is offering a variety of learning options to meet current realities and can be adapted to suit your business needs. These options include variants of online, blended and on-site course formats.

Face To Face Learning

Enabling you to have a face to face interactive and engaging learning experiences led by renowned industry experts and thought leaders with extensive practical experience who will employ a variety of interactive learning techniques, including short high-impact videos, case studies, assessments, role plays, in addition to on-going support.

Virtual Learning Labs

Interactive online learning held in real-time using Zoom and are led by international subject matter experts who incorporate case studies, breakout rooms, guided practice, simulations and discussions to maximise your learning experience.

General Methodology

Similar to any L2S training program, this program offers an interactive learning experience in which will allow the delegates to reflect on their learning through an informative, indulging, and fun classroom experience. The design of the training session focuses on the following attributes.

• Concrete Experience: The delegates will learn by doing
• Reflective Observation: Reflecting on the newly experienced skill-set
• Abstract Conceptualization: Developing deeper understanding to the learned concepts
• Active Experimentation: providing the delegates with realistic tools that can be tested in the real life

Specific Methodology

To effectively execute this program and to ensure that the end result is being achieved L2S specific training methodology in Service Leadership is as explained in the below stages:

Stage 1: Designing the Training Event

During this stage L2S will be assessing the learning needs from the determined objectives, and simultaneously considering practicality. In addition, the Program Manager will arrange for a meeting with the Training Department or Stakeholders, to better understand their specific needs and the in the program. The objective of the meeting is to understand the principles of accounting and finance and Enhance the capabilities and skills in financial knowledge

Stage 2: During the training

The course design is based on interactive facilitation, training videos, and group discussions

This course is designed for the full involvement of every participant through the use of:

• Interactive team activities
• Skills practice sessions
• Group discussions
• Participant presentations
• Personal reflection
• Theory input