FINANCE FOR NON-FINANCIAL MANAGERS
Program/ Course Description:
Today like never before, success-focused oriented organizations empower all their executives, managers, and critical personnel with real-time financial decision-making skills.
You will learn to generate and interpret the basic financial statements, do a cost-benefit analysis by comparing departmental marginal costs with marginal revenues, and evaluate projects for financial allocation priorities. In the end, you will be able to use the “numbers” to your best advantage by continuously recognizing the link between your organizational strategy and the financial objectives, hence contributing more effectively and efficiently to improve the system goals’ coherence, operating efficiency, and realizable profitability.
What will you gain?
- An understanding of business finance and the language used by accountants and those in finance.
- An understanding of profits, assets, liabilities, cash flows, and how financial statements fit together.
- Ability to analyze, understand, and manage your own balance sheet, Income /expenditure accounts, and cash flows more effectively.
- Ability to make your project evaluation and cost-benefit analysis to enhance financial performance.
- Ability to support departments in developing budgets, and make informed budgeting decisions for your respective strategic business unit.
This course is designed to introduce you to business finance for you to contribute to your business’ success and know-how to assess the accounts of a business in terms of profitability, solvency, liquidity, and risk. At the end of each module, you will have a short practical exercise drawing from your learning. For example, you will be expected to design a cost-benefit analysis or produce a cash flow statement for your department.
Powerpoint presentations, case studies/analyses, and take-home assignments will be the major mode of facilitation.
- Basic information to be found on profit/loss accounts, balance sheets, and cash flow statements.
- Cash flow analysis and conversion of profit to cash.
- Using key financial ratios to analyze profitability, liquidity, and solvency of the business
- Project valuation and cost/benefit analysis
This course is for non-financial managers and professionals who want to understand key financial principles and apply them in a real-world context. Anyone needing a practical understanding of business finance, the language and accounting concepts used by those in finance to magnify their ability to apply financial analysis to drive decisions in the organization, should not miss this opportunity.