Course Title:

Financial Management for Non-Financial Managers

Course ID:

01 200125 0101 472ESH

Course Dates :

20/01/25

 To

24/01/25

Course Duration :

5 Studying Day/s

Course Location:

London

UK

Course Fees GBP:

£4,852.07

  • Vat Not Included in the price.
  • VAT may vary depending on the country where the course or workshop is held.

Course Category:

Professional and CPD Training Programs

Management

Course Certified By:

* ESHub CPD

* Professional Training and CPD Programs
Leading to : Executive Diploma Certificate
Leading to : Executive Mini Masters Certificate
Leading to : Executive Masters Certificate

Certification Will Be Issued From :

United Kingdom

Secure Your Place

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Course Information

Introduction

In today’s fast-paced business world, financial literacy has become an essential skill for professionals in every field.

However, not everyone has a background in finance or accounting.

For managers, understanding basic financial principles is crucial for making informed decisions, evaluating performance, and contributing to organizational success.

This course, Financial Management for Non-Financial Managers, is designed specifically for professionals who do not have a formal finance background but need to navigate financial concepts and processes in their management roles.

The course provides participants with a solid understanding of financial management principles and their application in business settings.

Through practical examples, exercises, and real-world case studies, it equips managers with the tools they need to make better financial decisions, improve budgeting and forecasting, assess financial statements, and enhance their communication with financial experts.

By the end of this course, participants will be empowered to confidently manage finances, optimize resource allocation, and contribute to the overall strategic goals of their organizations.

By the end of the course, participants will leave with a solid grasp of financial management fundamentals, making them more capable of contributing to their organization’s financial goals and improving their decision-making in their daily work.

Objectives

By the end of the Financial Management for Non-Financial Managers course, participants will:

Enhance Financial Literacy: Enable non-financial managers to understand and interpret key financial concepts and documents such as financial statements, balance sheets, profit and loss accounts, and cash flow statements.

Improve Decision-Making: Equip managers with the knowledge to make more informed decisions related to financial performance, resource allocation, and budgeting.

Master Budgeting and Forecasting: Provide the skills necessary to develop and manage realistic budgets, track performance, and adjust forecasts for optimal business planning.

Develop Analytical Skills: Develop the ability to critically analyze financial data and apply insights to improve business operations, reduce costs, and drive profitability.

Effective Communication with Financial Experts: Foster better communication between non-financial managers and finance teams, helping to bridge the knowledge gap and ensure collaboration in achieving financial objectives.

Who Should Attend?

This course is ideal for professionals in managerial or leadership roles who have little to no formal training in finance but wish to gain a fundamental understanding of financial management. It is particularly beneficial for:

Non-financial managers: Managers in operational, HR, marketing, or sales departments who need to make informed decisions that impact the financial health of the organization.

Project Managers: Professionals responsible for budgeting and managing project finances.

Team Leaders: Individuals who are tasked with overseeing team resources and ensuring financial goals are met within the organization.

Aspiring Managers: Those aiming to take on managerial roles and seeking to build a solid foundation in financial concepts.

Executives: Senior leaders who may lack detailed financial knowledge but wish to improve their ability to communicate with the finance department.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm

Secure Your Place

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Course Outlines

Week 1
Day 1: Introduction to Financial Management

Overview of Financial Management and its Importance
Key Financial Statements: Income Statement, Balance Sheet, and Cash Flow Statement
Understanding Financial Ratios and Their Interpretation
Introduction to Financial Terminology: Assets, Liabilities, Revenue, Expenses, and Profit

Day 2: Budgeting and Forecasting for Managers

Fundamentals of Budgeting: Types of Budgets and Budgeting Process
Developing and Managing Budgets: Techniques for Accurate Forecasting
Variance Analysis: Understanding Budget vs. Actual Performance
Cash Flow Management: Ensuring Liquidity and Operational Efficiency

Day 3: Interpreting Financial Statements

Understanding the Balance Sheet: Key Components and How to Read It
Profit and Loss Statement: Analyzing Profitability and Cost Management
Cash Flow Statement: Analyzing Cash Inflows and Outflows
Applying Financial Data to Operational Decisions

Day 4: Cost Control and Profit Maximization

Understanding Cost Structures: Fixed, Variable, and Semi-Variable Costs
Cost-Volume-Profit Analysis: Making Informed Pricing and Production Decisions
Identifying Areas for Cost Reduction and Efficiency Improvements
Financial Performance Metrics: Return on Investment (ROI), Profit Margins, and Breakeven Analysis

Day 5: Communicating Financial Information and Decision-Making

Effective Communication with Financial Teams and Stakeholders
Understanding Financial Reports and Presenting to Non-financial Audiences
Strategic Decision-Making Based on Financial Data
Key Takeaways and Action Plan: Applying Financial Knowledge to Business Challenges

Secure Your Place

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

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