Finance for Non-Finance Professionals

About the Course

The "Finance for Non-Finance Professionals" course is designed to equip participants with a solid understanding of financial principles and concepts. This course provides essential knowledge for professionals who need to understand financial information and make informed business decisions without having a formal finance background.

Objectives

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

• Understand key financial statements and their components.
• Analyze financial performance using financial ratios.
• Develop budgets and financial forecasts.
• Evaluate investment decisions using capital budgeting techniques.
• Understand the basics of cost management and control.
• Apply financial knowledge to improve decision-making in their roles.

Who Should Attend the Course

• Managers and executives without a finance background
• Professionals in non-financial roles who interact with financial data
• Business owners and entrepreneurs
• Anyone interested in gaining financial literacy

Course Outlines

Day 1: Introduction to Financial Statements

• Overview of key financial statements: balance sheet, income statement, and cash flow statement.
• Understanding the components and purpose of each financial statement.
• The importance of financial statements in decision-making.

Day 2: Financial Analysis and Ratios

• Analyzing financial performance using key financial ratios.
• Understanding profitability, liquidity, and solvency ratios.
• Interpreting financial ratios to assess business health.

Day 3: Budgeting and Financial Forecasting

• Developing effective budgets for business operations.
• Techniques for financial forecasting and planning.
• Monitoring and controlling budgets to achieve financial goals.

Day 4: Investment Evaluation and Capital Budgeting

• Evaluating investment opportunities using capital budgeting techniques.
• Understanding net present value (NPV), internal rate of return (IRR), and payback period.
• Making informed investment decisions based on financial analysis.

Day 5: Cost Management and Decision-Making

• Basics of cost management and control.
• Analyzing costs for decision-making purposes.
• Applying financial knowledge to improve business decisions.