About This Course
In today’s dynamic business environment, financial literacy is an essential skill for professionals across all functions. The “Finance for Non-Financial Persons” course is designed to equip participants with the financial knowledge and skills necessary to make informed business decisions, manage budgets effectively, and contribute to their organization’s financial success. Over the course of five days, participants will gain a solid understanding of financial concepts, financial statement analysis, budgeting, and strategic financial planning through interactive sessions, case studies, quizzes, and hands-on assignments.
Who Should Attend The Course
This course is intended for professionals in non-financial roles who wish
to enhance their financial acumen, including:
Mid-level managers and department heads in HR, Operations, Marketing, IT, Procurement, and other departments.
Entrepreneurs and business owners.
Engineers, project managers, and technical specialists.
Sales and business development professionals.
Administrative and office managers.
Government employees in non-financial roles.
Course Outline:
Day 1
INTRODUCTION TO FINANCIAL
CONCEPTS
- Importance of Financial Literacy in Business
- Key Financial Terms and Definitions
- Overview of Financial Statements (Balance Sheet, Income Statement,
- Cash Flow Statement)
- Basic Accounting Principles and the Accounting Cycle
Day 2
FINANCIAL STATEMENT ANALYSIS
- Techniques for Reading and Interpreting Financial Statements
- Key Financial Ratios and Their Significance
- Case Study Analysis of a Real Company’s Financial Statements
- Identifying Financial Red Flags
Day 3
BUDGETING AND COST MANAGEMENT
- Budgeting Fundamentals and the Budgeting Process
- Types of Budgets: Operational, Capital, Zero-Based
- Cost Control Techniques and Cost-Bene t Analysis
- Hands-On Workshop: Creating and Managing a Budget
Day 4
FINANCIAL DECISION-MAKING TOOLS
- Time Value of Money (Present Value, Future Value)
- Capital Expenditure vs. Operational Expenditure
- Investment Appraisal Methods (NPV, IRR, Payback Period)
- Break-Even Analysis for Pro tability
- Case Study and Workshop: Business Investment Decisions
Day 5
STRATEGIC FINANCIAL PLANNING
- Cash Flow Management and Working Capital Optimization
- Risk Management in Financial Decisions
- Introduction to Financial Forecasting
- Group Exercise: Developing a Financial Plan
- Course Review, Quizzes, Assignments, and Q&A