Finance for Non Finance Professionals
Teaching finance to people with a non-finance background:
For all those who come from such diverse backgrounds as engineering, science or arts but desire to study and/ or have a career in the world of management and finance, our expert trainer can teach you from the basics. You will be able to navigate your way through the business world with ease and enhanced skills.
This two-day course will focus on practical financial basics and how to apply them to your organization, especially in today’s economic environment. No prior knowledge of Finance is required.
Who needs to attend our course?
- Professionals from Senior Executives down to Line Managers
- Executives who deal with financial documents in their day-to-day activities
| Day One | Day Two |
|---|---|
| 1. Introduction to Finance for Non-Finance | 3. Capital Budgeting for Decision Making |
| Generally Accepted Accounting Principles | Meaning Of Capital Budgeting |
| Components Of Financial Statements | Capital Budgeting – Features |
| Purpose Of Financial Statements | Approaches To Capital Budgeting |
| Elements Of Financial Statements | Capital Budgeting Techniques |
| Fundamental Accounting Assumptions | Net Present Value (NPV) |
| Accounting Equation And Applying Principles Of Debit And Credit | Internal Rate Of Returns (IRR) |
| Analysis Of Balance Sheet | Payback Period |
| Analysis Of Statement Of Profit Or Loss | Accounting Rate Of Returns |
| Top Line vs. Bottom Line | Practical Applications Of NPV And IRR |
| Depreciation And Amortization | 4. Budgeting |
| Analysis Of Statement Of Cash Flow | Fundamentals Of Budgets |
| Cash vs. Profit | Budget Process |
| 2. Working Capital Management | Types And Importance Of Budgets |
| Meaning And Concept Of Working Capital | Traditional Budget |
| Importance Of Working Capital Management | Zero Base Budget |
| Types Of Working Capital | Commonly Used Budgets |
| Permanent vs. Temporary Working Capital | Sales Budget |
| Components Of Working Capital | Capital Expenditure Budget |
| Working Capital / Operating Cycle | Cash Budget |
| Financing Of Working Capital | Human Resources Budget |
| Current Ratio | Production Budget |
| Quick Ratio | Variance Analysis And Budgetary Controls |
| Inventory Management | Limitations Of Budgets |
| Different Levels Of Inventory | 5. Cost Concepts for Decision Making |
| Just-In-Time | Direct, Indirect, Fixed, Variable And Semi-Variable Costs |
| Just-In-Time | Cost Sheet |
| ABC Analysis | Costing For Decision Making |
| Stock Turnover Ratio | Marginal Costing |
| Receivables Management | Cost Volume Profit (CVP) Analysis |
| Debtors Turnover Ratio | Break Even Analysis |
| Payables Management | Make Or Buy; Shut Down Or Continue |
| Creditors Turnover Ratio | Sell Or Process Further |
| Cash Management | Domestic vs. Export Sales |
| Number Of Units To Sell To Earn Desired Profit | |
| Opportunity Cost |