Financial Management
For Non-Finance Managers
Service Description
Learning Objectives 1. Understand key financial terms, principles, and concepts. 2. Learn how to read and interpret financial statements (income statement, balance sheet, and cash flow statement). 3. Develop budgeting and forecasting skills. 4. Gain insights into cost control, break-even analysis, and profitability. 5. Make data-driven decisions that align with organizational goals. Outcomes By the end of the program, participants will: 1. Confidently interpret and analyze financial reports. 2. Create and manage departmental budgets effectively. 3. Apply financial tools to evaluate business performance. 4. Understand the financial impact of their decisions. 5. Collaborate effectively with finance teams. Methodologies 1. Interactive Lectures: Engaging sessions with real-world examples. 2. Case Studies: Practical scenarios to connect theory with application. 3. Hands-On Exercises: Budgeting, forecasting, and financial statement analysis. 4. Group Discussions: Peer learning and experience sharing. 5. Quizzes and Simulations: Test understanding and decision-making skills. 6. One-on-One Coaching: Personalized guidance on financial challenges. 1. Module 1: Financial Fundamentals Key financial terms and their relevance. Overview of financial statements and their components. 2. Module 2: Interpreting Financial Statements Income statement: Revenue, expenses, and profit analysis. Balance sheet: Understanding assets, liabilities, and equity. Cash flow statement: Managing liquidity and cash flow. 3. Module 3: Budgeting and Forecasting Preparing and managing departmental budgets. Forecasting techniques for planning and decision-making. 4. Module 4: Cost Management and Profitability Cost classification and control. Break-even analysis and pricing decisions. 5. Module 5: Financial Decision-Making Using financial ratios to assess business performance. Capital investment decisions and ROI analysis. 6. Module 6: Collaboration with Finance Teams Building effective communication between finance and non-finance departments. Aligning departmental goals with organizational objectives.