Finance for Non Financial Managers

Day 1: Fundamentals of Finance and Financial Accounting

• Overview of finance and its importance in business management
• Definition and purpose of financial statements
• Understanding financial accounting and its objectives
• Key principles of financial accounting
• Distinguishing between financial accounting and financial management
• Introduction to accounts and the accounting cycle
• How Financial decisions impact organizational Strategy and success

Day 2: Understanding and Interpreting the Balance Sheet

• Definition and overview of the balance sheet
• Structure and components of a balance sheet
• Sources and uses of financial figures within the balance sheet
• Analysing the format and layout of balance sheets
• Identifying assets, liabilities, and equity
• Using software tools to create and interpret balance sheets
• Recognizing examples of well-prepared and poorly-prepared balance sheets

Day 3: Principles and Processes of Financial Analysis

• Introduction to financial analysis and its role in decision-making
• Key benefits and applications of financial analysis in business
• Steps for conducting a practical financial analysis
• Studying reliable data sources for financial evaluation
• Frameworks and models commonly used in financial analysis
• Understanding financial ratios and their different categories
• Introduction to profitability ratios and their significance
• Applying ratio formulas for analysis and evaluation

Day 4: Profit Margins and Performance Evaluation

• Defining profit margin and its role in evaluating business performance
• Calculating profit margin ratios and understanding the formulas
• Evaluating net profit margins and comparing them to industry standards
• Visualizing profit margin trends and development through software tools

Day 5: Strategic Financial Decision-Making

• Linking financial data to strategic objectives and organizational goals
• Making informed decisions based on financial insights and analysis
• Developing action plans for financial improvement and profit growth
• Enhancing communication of financial findings to non-financial stakeholders