Financial Management for Non-Financial Professionals

Course Overview

Business professionals need to understand the financial factors critical to business success. This 5-day interactive Financial Management for Non-Financial Professionals training course will show how finance works in today’s fast-moving business environment. For any business, the key elements of profitability, liquidity, and financial structure are critical to continuing success and competitiveness. So these three elements are comprehensively explored and developed at all levels of business activity.

The participants will understand about the accounting processes of recording and reporting business transactions and how these are summarised as periodic financial reports in accordance with statutory requirements. They will also learn how various user groups analyse these financial reports.

Furthermore, it has an inward focus and will explain why management accounting is essential to business survival and success. It will show how budgeting can control costs and improve profitability. It will explain and develop tools and techniques for evaluating proposed new investment projects. It will enable the participants to understand the business from both a financial and strategic perspective and how business decisions will impact corporate profitability.

Course Objectives

After the training course, the participants will learn to:

• Explain the nature and role of financial statements and their interpretation
• Understand the use of the language of accounting and finance to communicate effectively with financial professionals
• Know the financial performance and financial position of an organisation using the appropriate financial ratio and break-even analysis techniques
• Use budgetary control to compare actual against planned performance and to identify corrective actions
• Assess investment projects using DCF and other appraisal methods

Target Audience

It is suitable for a wide range of working professionals, including (but not limited to) the following:

• Sales and Marketing Executives
• Supply-stream Professionals
• Project Professionals
• Internal Auditors
• Planning Officers
• Senior Professionals in Manufacturing, Marketing, Engineering
• Human Resources Professionals
• Legal Professionals
• Executive Professionals who are involved with the development of long-term customers, suppliers, outsourcing partners, and other global strategic alliances
• Consultants who work with professionals and executives to support improvements to operational and financial processes
• Any Non-financial Professionals who are required to read, interpret, and contribute to business financial reports

Training Methodology

This training course will comprise a range of learning activities, including tutor presentations, question and answer opportunities, demonstration and practice of analytical techniques, group exercises and discussions, using case studies and current company and market information sources. Whilst the theoretical background to financial management will be explained and justified, the main emphasis will be on putting these into a real-world context by providing a practical ‘toolkit’ of financial techniques.