Finance for Non-Finance Managers
Stop guessing at financial reports, understand what the numbers really mean
Description
Finance for Non-Finance Manager
Module Overview
Accounting is often known as the “language of business” and accounting literacy is the key for improving financial literacy and thus help to develop business acumen. It is imperative for all managers and business owners to understand key financial principles and apply them in the real-world context. Understanding accounting is an essential building block for a solid understanding of business. Therefore, it is a precursor of mastering the numbers game in business. This skill will enable all managerial level employees of each department to make better and more informed business decisions. The ability to use numbers to the best advantage for business begins the ability to read Financial Statements and to tell a business story from the numbers reflected in the Financial Statements. These skills are essentially required by non-finance professionals to manage their respective areas to become effective, all-rounded and professional managers. This 2-day finance for non-finance program will demonstrate that learning accounting is a lot easier by using real-life case studies and it is designed using a layman terms and language to facilitate better understanding of the key principles and concepts. Participants will learn how to interpret and communicate financial situations and events from the Financial Statements and make better business decisions.
Learning Objectives
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Acquire sound understanding on accounting and financial principles and their applications in the business
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Determine the financial impacts of typical business transactions
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Recognize and classify business transactions into the appropriate accounting elements
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Learn how to read, interpret and analyze financial statements and tell a business story from them
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Make use and apply financial information to better manage the business and make effective financial decisions
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Improve accounting and financial skills as the key building block to harness business acumen
Who Should Attend
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Department Heads & Team Leaders
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Entrepreneurs & Business Owners
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Project Managers & Operations Executives
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HR, Sales, or Marketing Professionals
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IT Specialists, and Technical Experts
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Anyone who reviews budget or reports
Course Outline
Module 1: Introduction to Business Acumen
Module 2: What story does A Balance Sheet tell?
Module 3: How to Read a Profit and Loss Statement
Module 4: Practical Activity – How Accounting Works in your Business
Module 5: Understanding Cash Flow Statement: Is Cash the KING?
Module 6: Ratio Analysis that Determine the Financial Health of the Business
Module 7: Understanding Basic Finance in Corporate Organizations
Module 8: Budgeting as a Powerful Planning Too