Finance for Non Finance Managers

2 Days
9 Modules

Finance For Non-Finance Managers

OVERVIEW

In today's world, for a business manager not to have a basic working knowledge of finance is functionally illiterate.

Every business activity has ramifications that affect the financial stability of the organization. As managers, the decisions you make need to be rooted in a comprehensive understanding of how finance works. No, you don't need a degree, but you do need to know when you're accountable.

Whether you're a start-up overseeing policies that temporarily accommodate negative cashflow until you break even, or a well-established company where you need to provide a rundown of KPIs based on financial data to ensure shareholder confidence, a working knowledge of finance is a key advantage in managing business growth and expansion. Not to mention being especially useful in a crisis when a company's financial vital signs are in urgent need of clear and concise analysis before deciding on the most optimum course of action forward.

This two-day program will equip your core management skills with a keen sense of financial acumen to give a critical advantage in the overall administration of your organization.

LEARNING OUTCOME

By the end of the Finance for Non-Finance Managers course, the delegates will be able to:

INCREASE your financial literacy & financial vocabulary for business and work.
OBTAIN a competitive edge by understanding the basics principles of accounting and fundamentals of finance and accounting.
EXPOSE yourself to budgetary planning and variance analysis so that you think like an accountant too.
MANAGE cost and increase efficiency of your projects/ departments/ divisions / company or organisation.
ACQUIRE the skills to detect early warning signs of possible projects or business failure so that you can make wiser decisions.
GRASP and UNDERSTAND useful Financial Tools and techniques required for effective decision making.
STRESS on the importance of business units in achieving corporate business objectives.

LEARNING METHODOLOGY

This Finance for Non-Finance Manager's workshop’s methodology is a combination of expert input, interactive practical exercises, self-assessment, lots of hands-on role-play, group discussions, exercise worksheets, practical projects, presentations & creative music

Module 1: SPEAKING ACCOUNTING

Understanding why accounting / finance is important?
Know the objective of a business / Organisation
A brief history of Accounting and the purpose of Financial Reports

Module 2: ACCOUNTING FRAMEWORK

Understand the different between Conceptual Framework and Regulatory Framework
What are the Fundamental Accounting Concept and assumption used in preparing Accounting Records and why these are being used

Module 3: TYPES OF ACCOUNTS

Differentiate between Assets, Liabilities, Expenses, Income and Equity
Understanding the Accounting Equation Assets = Liabilities + Equity
Differentiate between OPEX and CAPEX

Module 4: READING FINANCIALS

Introduction to the various Financial Statements and their uses
Statement of profit or loss and other comprehensive income
Statement of financial position
Statement of changes in equity
Statement of cash flows
Tools used in Financial Statement Analysis
Vertical Analysis
Horizontal Analysis (Trend Analysis)
Ratios Analysis – operational ratios, financial ratios and valuation ratios
Statement of cash flows
The difference between Profit and Cash and why the saying “Cash is King”
How to analyse the statement of cash flows
Other considerations
- How to read Notes to the accounts in Published Financial Statement
- Different between Publish Accounts and Management Accounts
- What are the Limitations of Ratio Analysis

Module 5: BUILDING BUDGET

Types of budgets
- Differentiate the various types of budgets – Incremental, Zero-based and Rolling

Module 6: COMPARING BUDGET APPROACHES

When and which is better - Top-down or Bottom-up approach?

Module 7: BUDGETING AS A PLANNING AND CONTROL TOOL

Using the budget to control the business and what are the limitation factors.
Understanding the Budgeting process and its coordination
How to forecasting sales revenues and expenses and building up the budgets numbers
When to adjust the budget to reality

Module 8: COSTING DECISION

Cost Behaviour
How is Cost being define?
How to differentiate between the direct and indirect cost?
Differentiate the controllable and uncontrollable cost
Cost – Volume – Profit Analysis
- Learning the Contribution formula and thus working with the Break –even Point analysis
- How to decide on the Pricing?

Module 9: INVESTMENT APPRAISAL

Understand the basic investment appraisals such as Payback analysis, Return On Investment (ROI) and Net Present Value (NPV) to better make sound decisions.

If you’re in a role and are in some ways involved in Financial Decisions – You must attend this two-day Finance for Non-Finance Manger's hands on program.

All savvy managers and executives in functions like: