Finance for Non-finance Managers

This course is designed to provide non-finance managers with a thorough understanding of fundamental financial concepts, enabling them to make informed decisions and contribute effectively to their organization's financial success. Participants will gain practical insights into financial terminology, statement analysis, budgeting, forecasting, cost management, and performance monitoring. By the end of the course, attendees will be equipped with the essential tools and techniques to navigate financial aspects confidently in their roles.

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

- Understand and use basic financial terminology in a business context.

- Read and interpret financial statements to assess organizational performance.

- Create, manage, and analyze budgets to control financial outcomes.

- Apply forecasting techniques to predict future financial scenarios.

- Implement effective cost management strategies and perform break-even analysis.

- Understand and manage revenue and costs under different pricing models (T&M, Fixed Price, Fixed Capacity).

- Evaluate investment opportunities using ROI, Payback Period, NPV, and IRR.

- Identify and monitor key financial performance indicators to drive organizational success.

This 16-hour training course provides a practical and comprehensive understanding of financial management for non-finance managers, empowering them with the skills needed to make sound financial decisions and contribute to their organization's financial stability and growth 

Participants are expected to:

• Understand the core financial concepts and terminology used in business.
• Read and interpret key financial statements such as the Balance Sheet, Income Statement, and Cash Flow Statement.
• Create and manage budgets effectively, including conducting variance analysis to monitor performance.
• Apply various forecasting techniques to predict and plan for future financial scenarios.
• Differentiate between fixed and variable costs and perform break-even analysis.
• Implement cost control strategies to enhance financial efficiency.
• Manage revenue and costs effectively under different pricing models: Time and Materials (T&M), Fixed Price, and Fixed Capacity.
• Evaluate investment opportunities using financial metrics like ROI (Return on Investment), Payback Period, NPV (Net Present Value), and IRR (Internal Rate of Return).
• Identify and monitor key financial performance indicators (KPIs) to assess and improve organizational performance.

Module 1: Introduction to Financial Concepts (2 hours)

1. Basic Financial Terminology
2. Revenue and Profit
3. Costs
4. Assets and Liabilities
5. Equity
6. Shares
7. Financial Statements Overview
8. Balance Sheet
9. Income Statement
10. Cash Flow Statement

Module 2: Financial Planning and Analysis (6 hours)

1. Budgeting Basics
2. Budget Creation
3. Managing Budgets
4. Variance Analysis
5. Forecasting Techniques
6. Simple Forecasting Methods
7. Strategic Planning
8. Scenario Planning

Module 3: Financial Decision Making (6 hours)

1. Cost Management
2. Fixed vs. Variable Costs
3. Break-even Analysis
4. Cost Control Strategies
5. Revenue and Cost Management per Pricing Model
6. Time and Materials (T&M)
7. Fixed Price
8. Fixed Capacity
9. Investment Appraisal
10. ROI (Return on Investment)
11. Payback Period
12. NPV (Net Present Value) and IRR (Internal Rate of Return)

Module 4: Financial Performance Indicators (2 hours)

1. KPIs Overview

2. Monitoring Performance

TOTAL: 16 hours