Workshop on Finance and Budgets for Non-Finance Managers

Not every person wants to be an accountant. Understanding finance is however a very necessary skill, since performance in a corporate environment is measured using the rules and formats of financial statements taught to accountants. The purpose of this course is to establish common ground between financial and non-financial people and encourage communication between these individuals. 
For this communication to be successful, grounding in the basics of financial logic and terminology, taught in this course, will remove some of the misunderstanding caused by the variety of backgrounds, skills, experience and knowledge resident in the individuals in any corporation.

For Whom

This course is designed for managers and professionals across various departments who do not have a formal background in finance but require financial knowledge to perform their roles effectively. It is particularly beneficial for: Department Heads, Project Managers, Operations Managers, Marketing and Sales Managers, HR Managers, IT Managers and Anyone involved in strategic decision-making requiring financial acumen.

Learning Objectives

At the end of the program, participants will be able to:

• Gain a solid understanding of basic financial principles, including financial statements (income statement, balance sheet, cash flow statement), key financial metrics (profitability, liquidity, solvency), and financial analysis techniques.
• Learn the fundamentals of budgeting, including the budgeting process, variance analysis, and budgetary control. Develop skills to create and manage budgets effectively within your department or project.
• Acquire skills to interpret financial data and use it to make informed decisions. Understand how financial information impacts strategic and operational decisions within the organization.
• Learn principles of cost analysis and cost management strategies to optimize resource allocation and improve cost efficiency in your department or project.
• Gain insights into financial planning processes, including forecasting techniques and scenario analysis. Understand how to use forecasting to anticipate future financial needs and challenges.
• Develop the ability to communicate financial information effectively to stakeholders, including senior management, colleagues, and external parties. Enhance your ability to present financial data clearly and confidently.

Course Booking

Please use the “book now” or “inquire” buttons on this page to either book your space or make further enquiries.