Euro-training Center
 Finance for Non Financial Professionals F1107 QR Code
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Finance for Non Financial Professionals

Overview:

Introduction:

This training program equips participants with a comprehensive understanding of key financial statements and essential financial concepts. By integrating financial management principles with strategic decision-making, it empowers them to drive organizational success.

Program Objectives:

At the end of this program, participants will be able to:

  • Define the four key financial statements: balance sheet, income statement, cash flow, and changes in owner equity as well as key financial terms.

  • Interpret the financial health and condition of a company, division, or responsibility center and use financial information for management and evaluation.

  • Define between accounting and finance and explain the finance role in running businesses.

  • Prepare a company's operating budget and relate it to the organization's strategic objectives.

  • Apply capital budgeting techniques and cost-volume-profit analysis to enhance decision making.

Targeted Audience:

  • Managers and Supervisors.

  • Financial analysts.

  • Business owners.

  • Department heads and Team leaders.

  • Professionals involved in budgeting and financial planning.

  • Employees seeking to enhance their financial understanding.

Program Outlines:

Unit 1:

The Key Financial Statements:

  • Understanding the accounting cycle.

  • The five main accounts in financial statements.

  • Income statement: a tool for performance measurement.

  • Accrual basis versus cash basis.

  • Balance sheet and The balanced status.

  • Statement of owners’ equity, Statement of cash flows.

  • External and internal auditors’ responsibilities.

Unit 2:

Analysis of Financial Statements:

  • Why are ratios useful.

  • Horizontal and trend analysis.

  • Vertical analysis: common size statements .

  • Building blocks analysis and reading through the numbers.

  • Liquidity ratios, Solvency ratios, Activity ratios, and Profitability ratios.

  • Limitations of financial ratio analysis.

Unit 3:

Working Capital Management:

  • Definition of working capital and working capital management.

  • Working capital management strategies for current assets.

  • Balancing profitability and liquidity.

  • Working capital management strategies for current liabilities.

  • The trade-off between profitability and certainty.

Unit 4:

The Concept of Financial Management:

  • Accounting versus finance: rules and responsibilities.

  • Three pillars of finance: Financing decisions, Investing decisions, Operating decisions.

  • Understanding the role of financial management in business strategy.

  • Integrating financial goals with overall organizational objectives.

Unit 5:

Breakeven Analysis and Decision Making:

  • Defining fixed costs.

  • Defining variable costs.

  • Contribution margin formula.

  • Computing breakeven point.

  • Sensitivity analysis: changing assumptions.

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