FINANCE FOR NON-FINANCE MANAGERS COURSE

Objective:

• Use financial information to evaluate and improve departmental and organizational performance
• Manage costs effectively by understanding fixed, variable, and strategic cost structures
• Apply working capital management techniques to improve cash flow and operational efficiency
• Understand and use essential accounting methods, tools, and techniques to manage financial risk
• Interpret financial statements and confidently communicate financial information
• Develop practical budgeting skills to support planning, decision-making, and performance management

Content:

Fundamentals of Accounting

• Understanding the accounting process
• Cash versus accrual accounting
• Applying the accrual concept
• Inventory valuation methods (FIFO and LIFO)
• Types of accounting and their business applications
• Revenue recognition principles
• Capital expenditure versus operating expenditure
• Understanding depreciation and amortization
• Distinguishing between tangible, intangible, and capital work-in-progress assets
• Current versus non-current assets and liabilities

Understanding Financial Statements

• Interpreting the Profit and Loss Statement, including Other Comprehensive Income (OCI)
• Understanding the Balance Sheet and Statement of Changes in Equity (SOCIE)
• Analyzing the Cash Flow Statement
• Understanding notes to the financial statements

Financial Statement Analysis

• Analyzing Profit and Loss Statements
• Evaluating Balance Sheets
• Understanding funds flow analysis
• Applying ratio analysis techniques
• Conducting trend analysis
• Using common-size financial statement analysis

Working Capital and Budget Management

• Understanding working capital management
• Managing inventory and trade receivables
• Managing trade payables effectively
• Linking budgeting with working capital management

Capital Investment and Financial Decision-Making

• Evaluating capital expenditure proposals
• Applying Net Present Value (NPV) analysis
• Using the Internal Rate of Return (IRR) method
• Applying the Payback Period technique
• Assessing financial risks in investment decisions

Cost Management and Revenue Optimization

• Understanding cost concepts and classifications
• Applying various costing methods
• Conducting break-even analysis
• Distinguishing between costing and budgeting
• Implementing strategic cost management
• Applying revenue recognition principles
• Managing revenue, receivables, payables, and foreign exchange considerations

Introduction to International Financial Reporting Standards (IFRS)

• Understanding accounting standards and their importance
• Overview of commonly applied IFRS standards
• Reviewing selected IFRS requirements and practical applications

For Whom:

• Department Managers and Functional Heads
• Operations, Sales, Marketing, and Human Resources Managers
• Project Managers and Team Leaders
• Business Owners and Entrepreneurs
• Professionals transitioning into management roles
• Managers and executives who require a practical understanding of finance to support business decision-making