Budgeting and financial information must be shared with accounting and financial information reports. Financial data that unifies all organizational business activities is necessary for any corporation.
Because of this, all business processes necessitate that accounting and financial information and techniques be understood and communicated at a level higher than budgeting and financial information recording by all professionals who are not core accounting and financial professionals.
Course Objectives
- Examine the cash flow statement, balance sheet, and profit and loss account (income statement).
- Use ratios to understand financial statements and pinpoint their limits.
- Recognize that in order to create shareholder value, cash flow—rather than profit—and discounted cash flow (DCF) are crucial.
- Create costing models for optimum decision-making to maximize shareholder wealth, such as activity-based costing (ABC).
- Recognize the importance of activity-based budgeting (ABB) and the managers’ involvement in the budget process.
- Calculate the cost of capital to assess other funding options and the best possible financial arrangement (gearing).
- Manage working capital and cash well to cut expenses and increase cash flow.
Course Outline
Company Objectives, Accounting Standards and Financial Statements
- Reading and Interpreting Financial Statement
- Cost/Volume/ Profit (CVP) Analysis
Discounted Cash Flow (DCF)
- Capital Investment Appraisal
- Capital Budgeting
Financial Structure
- Costing
- Decision-Making
- Budgetary Control
Working Capital Management and Cash Improvement
- Business Valuation
Audience
- Non-financial professionals across all functional domains of accountability in all sectors of the economy Personnel from all functions, including finance, who need to enhance their comprehension and use of financial data
Overview
These days, managers at all levels and in all capacities need to be competent and have a strong business focus. Understanding finance is necessary for them to be applicable and to contribute effectively to the decision-making process. Accounting and finance are both covered in this course. It will help participants develop a thorough understanding of business language to enhance communication with customers and other relevant stakeholders. They will also be capable of calculating ratios and interpreting financial statements.
Business experts and executives must comprehend the financial aspects that are essential to a company’s success. This engaging course on financial management for non-financial professionals will explain how finance functions in the quick-paced commercial world of today. For every firm to be successful and competitive, profitability, liquidity, and financial structure are essential components. Thus, these three components are thoroughly investigated and developed across the board in corporate activity.
You will gain knowledge of the accounting procedures for documenting and summarizing company transactions, as well as how they are required by law to be reported in periodic financial reports. You will also discover how different user groups examine these financial reports.
This training program on finance for managers who are not in finance also focuses inward, outlining the importance of management accounting for the survival and growth of businesses. It will demonstrate how budgeting may raise profitability and reduce expenses. It will outline and create instruments and methods for assessing new investment proposals. You will be able to comprehend the company from both a financial and strategic standpoint, as well as how actions made at the corporate level will affect profitability.
The company will benefit from sending staff members to this training session:
- Increased knowledge of the function of accounting and finance;
- Capacity to comprehend the format of financial reports and accounting systems;
- Capacity to participate in financial discussions more intelligently and effectively;
- Capacity to use tools and techniques for financial control and management;
- Enhanced comprehension of the primary factors that guarantee competitiveness and sustainable growth; and
The following are the course highlights for Finance for Non-Finance Professionals:
- The finance function’s operational and strategic role
- How can I comprehend and evaluate financial reports?
- The fundamentals of accounting and financial reporting?
- How does management accounting support efficiency gains and control?
- How can we make sure that investors receive the returns they anticipate from their investments?
