Finance for Non-Finance Executives



Course Introduction

Increasingly,   all  executives  and those moving into  managerial positions  need to understand and apply financial know-how in their daily work and know how the organisation’s operating activities are captured in the financial data or reports and what can they do to help improve financial management.

Gaining  financial  acumen  as part of the core management  skills required is also very important  for anyone wishing to progress up the career path in any organisation, regardless of their current role at work.

This 2-day practical course is designed to provide an introduction  to accounting and the basic financial knowledge and skills that can help you be a step ahead when it comes to taking on more responsibilities in the future, including  financial management for your section or department.

  • All  executive   levels, supervisors, office staff, junior  accounts personnel and those being promoted or who have a need for a better understanding of accounting & finance
  • Gain practical understanding on how to use financial data in your area
  • Know how to analyse costs & be more cost effective
  • Confidently prepare simple budgets & cash flow projections
  • Read financial reports,  analyse variances and measure financial drivers of business performance
  • Be familiar with financial terms and jargon
  • Interactive lectures
  • Group discussions
  • Individual & team exercises
  • Use of case studies

An Introduction to Accounting & Finance

– Demystifying the numbers

 

Understanding & Managing Costs

– Types of costs, impact on business performance & cost effectiveness

 

Budgets & Budgetary Control

– The importance of budgetary control & planning

 

Team Exercise – preparing a budget

 

Difference between Accounting & Cash Flows

– Cash flows, the life blood of a company

 

Team Exercise – preparing cash flow projections

 

Analysing Financial Reports

– The income statement & balance sheet

 

Variance Analysis – Evaluation & Improvement

– The Price x Volume (PxV) performance drivers

 

Analsying & Measuring Financial Performance

– Measuring profit performance & business viability

 

Bringing it back to the Ranch

– Feedback & Takeaways from this session