Finance for Non Finance Training

Finance for Non Finance Managers

Finance for Non Finance training course will introduce you to new skills that will help increase your performance and the support you offer your team, department and manager.

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Medium of Instruction: English
Duration of the program: 16 hours

Program Overview

This Finance for Non Finance two-day training is intended to provide participants with a rudimentary grasp of financial and accounting fundamentals. The course, designed for non-financial professionals, will cover important financial ideas, tools, and approaches, allowing participants to make educated financial decisions and contribute to their organization’s financial health. 

Learning Objectives

  • Understand Financial Statements: Discover how to read and analyze balance sheets, income statements, and cash flow statements.  
  • Understand basic accounting ideas and terminology. 
  • Budgeting and forecasting: Learn how to budget and predict financial data.  
  • Financial Analysis: Learn how to evaluate financial performance and make strategic decisions.  
  • Cost Management: Learn about cost behavior, cost allocation, and pricing methods.  
  • Financial Ratios: Use financial ratios to assess business success. 

Target Audience

  • Managers and Supervisors: Those who need to understand financial information to make informed decisions. 
  • Team Leaders: Individuals who work closely with financial data but have no formal financial training. 
  • Project Managers: Professionals who oversee projects and need to manage budgets and financial resources. 
  • HR and Administration Staff: Employees who support financial activities and need a basic understanding of financial operations. 
  • New Entrants: Those new to the business or finance environment who need a grounding in financial concepts. 

Program Outline

Fundamentals of Finance 

  • Introduction to Finance and Accounting 
  • Overview of financial concepts 
  • Importance of finance in business 
  • Understanding Financial Statements 
  • Balance Sheet: Assets, Liabilities, and Equity 
  • Income Statement: Revenues, Expenses, and Profit 
  • Cash Flow Statement: Operating, Investing, and Financing Activities 
  • Basic Accounting Principles 
  • Accrual vs. Cash Accounting 
  • Key Accounting Terms 
  • Introduction to Double-Entry Accounting 
  • Budgeting Basics 
  • Importance of Budgeting 
  • Types of Budgets (Operational, Capital, etc.) 
  • Budget Preparation and Variance Analysis 

Applied Financial Concepts 

  • Financial Analysis 
  • Introduction to Financial Ratios 
  • Profitability Ratios 
  • Liquidity Ratios 
  • Solvency Ratios 
  • Efficiency Ratios 
  • Cost Management 
  • Cost Behavior: Fixed, Variable, and Mixed Costs 
  • Cost Allocation and Activity-Based Costing 
  • Pricing Strategies 
  • Financial Forecasting 
  • Methods of Forecasting 
  • Creating Financial Projections 
  • Analyzing Forecasting Results 
  • Interactive Case Study and Group Exercises 
  • Application of concepts in real-world scenarios 
  • Group discussions and problem-solving 
  • Wrap-Up and Q&A 
  • Review of Key Takeaways 
  • Open Floor for Questions 
  • Feedback and Evaluation 

Program Benefits

How you benefit attending this program?

  • Increased Financial Literacy: Build a firm foundation of financial ideas that can be utilized in a variety of business settings.  
  • Improved Job Performance: Increased capacity to comprehend and participate in financial conversations and choices.  
  • job Advancement: Learn skills that will improve your job chances and offer up new options.  
  • Learn about practical tools and approaches for financial analysis and budgeting. 

How your company benefits by sponsoring you to this program?
By sponsoring you to this program, your organization will be able to:

  • Enhanced Decision-Making: Employees will be more successful in financial planning and analysis.  
  • Improved Financial collaboration: A better knowledge of financial terminology and ideas would facilitate cross-departmental collaboration.  
  • Informed Budgeting: Participants may assist in developing more precise and successful budgets and forecasts.  
  • Cost Efficiency: A greater understanding of cost management can result in more cost-effective operations. 

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    Here is what some of the previous participants of this program had to say:

    “We learnt a lot of new techniques which will help us to implement in our organisation”

    “It was brought across to us in a such a way that we have go back and implement”

    Beginning of the program:

    Each participant has to fill in a pre-training need form to ascertain their expectations that can be catered to by the facilitator.

    At the end  of the program

    Each participant has to submit a Post Training Action plan for implementation and to ascertain the Return on Investment.