Finance and Budgeting for Non-Financial Managers

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Finance and Budgeting for Non-Financial Managers

Introduction:

Our comprehensive four-day interactive programme on Finance and Budgeting for Non-Financial Managers is specially designed for senior managers and directors. In today’s dynamic business environment, a solid understanding of financial principles is essential for effective leadership and strategic decision-making. This course aims to equip participants with the fundamental financial knowledge and analytical skills necessary to navigate and manage the financial aspects of your organization confidently.

Course Objectives and Outcomes:      

  • Fundamental Understanding: Learn the basics of financial statements, including balance sheets, income statements, and cash flow statements, to better understand your organization’s financial health.
  • Analytical Skills: Develop the ability to analyze financial ratios, budget effectively, and forecast future financial performance.
  • Investment and Risk Management: Gain insights into capital budgeting, investment decision-making, and managing financial risks.
  • Strategic Financial Management: Understand how to align financial goals with business strategy, make informed financial decisions, and create value for your organization.

Course Content:

Day 1: Introduction to Financial Fundamentals

Understanding Financial Statements

  • Welcome and Introduction
  • Overview of Financial Statements
    • Balance Sheet
    • Income Statement
    • Cash Flow Statement

Deep Dive into Balance Sheets

  • Balance Sheet Components
    • Assets, Liabilities, and Equity
  • Case Study: Analyzing a Balance Sheet

Income Statement and Cash Flow

  • Understanding the Income Statement
    • Revenue, Expenses, and Profit
  • Case Study: Income Statement Analysis
  • Cash Flow Statement
    • Operating, Investing, and Financing Activities
  • Case Study: Cash Flow Analysis
  • Q&A and Recap

Day 2: Financial Analysis and Planning

Financial Ratios and Analysis

  • Introduction to Financial Ratios
    • Liquidity Ratios
    • Profitability Ratios
    • Efficiency Ratios
    • Leverage Ratios
  • Applying Financial Ratios
    • Case Study: Ratio Analysis

Budgeting and Forecasting

  • Budgeting Basics
    • Types of Budgets
    • Creating a Budget
    • Budget Variance Analysis
  • Financial Forecasting
    • Methods and Techniques
  • Case Study: Forecasting Exercise
  • Q&A and Recap

Day 3: Investment and Risk Management

Investment Analysis

  • Capital Budgeting
    • Net Present Value (NPV)
    • Internal Rate of Return (IRR)
    • Payback Period
  • Evaluating Investment Opportunities
    • Case Study: Investment Decision Making

Risk Management

  • Understanding Financial Risks
    • Types of Risks (Market, Credit, Operational, etc.)
    • Risk Assessment and Mitigation Strategies
  • Practical Risk Management
    • Case Study: Risk Management Scenarios
  • Q&A and Recap

Day 4: Strategic Financial Management

Linking Finance and Strategy

  • Strategic Financial Planning
    • Aligning Financial Goals with Business Strategy
    • Long-term Financial Planning
  • Financial Decision-Making
    • Cost-Benefit Analysis
    • Value Creation

Integrative Exercises and Wrap-Up

  • Integrative Case Study
    • Comprehensive Financial Analysis
    • Group Activity: Presenting Financial Strategies
  • Ethical Considerations in Financial Management
    • Ethical Dilemmas and Decision Making
  • Final Q&A, Feedback