Finance for Non-Financial Managers

SYNOPSIS:

Many managers find themselves thrust into financial situations with little or no preparation. They’re faced with confusing accounting terms, the responsibility of putting together a budget, and the fear of making major decisions that will have a serious financial impact on their company.

In addition, if you don’t have training or a background in finances, you may be at a disadvantage as you sit around the management table. When important financial terms come up at a meeting, you want to be able to contribute, not just sit there and nod blankly.

Understanding the cycle of finance will also help you figure out where you fit into your company’s financial structure and how to keep your department out of the red. This two-day workshop will familiarize you with the key concepts of finance and accounting and help you prepare budgets and make decisions with more confidence using Microsoft Excel.

 

TARGET AUDIENCE

Entrepreneurs, directors, senior managers, heads of departments, sales and marketing professionals, credit managers, HR professionals, legal professionals, bankers, investors, supervisory and regulatory officers, operations managers and executives who need to use financial statements and Microsoft Excel for better decision making, boardroom presentation and to read in-between the lines for greater insights to accounting numbers.

DURATION: 2 DAYS

PRICE: $1200

COURSE OUTLINE

 

• Introduction and Course Overview
• Your Role in Company Finances
• What is Finance?
• Sources of Finance.
• Factors Influencing the Choice of Finance
• Getting to Know the Players
• What is Value?
• Fundamentals of Valuation
• Cost of Capital
• Record Keeping Terminology
• Accounting
• GAAP
• Bookkeeping
• The Balance Sheet
• Assets
• Liabilities
• Owner’s Equity
• Liabilities and Equity
• Income Statement (Profit and Loss Statement)
• Methods of recording transactions
• Accounting Periods
• Tracking Business Expenses
• Analyzing Financial Statements
• Using Accounting Software
• The Importance of Bookkeeping
• Budget Basics
• Defining a budget
• Preparing a budget
• Types of Budgets
• Managing Profit Performance
• Users of Accounts
• Comparing Investment Opportunities
• The Human Aspect
• Decision Making (using Microsoft Excel)
• Handling Uncertainty
• Sensitivity Analysis
• Scenario Analysis
• Workshop Wrap-Up

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