Finance for Non-Finance

Day 1:

Introduction to Financial Concepts

• Overview of key financial terms and concepts

• The importance of finance in business operations

• The role of finance in strategic decision-making

• Understanding the difference between profit and cash flow

Day 2:

Reading and Understanding Financial Statements

• Introduction to the three main financial statements: Income Statement, Balance Sheet, Cash Flow Statement

• How to read and interpret each statement

• Key financial ratios and what they indicate

• Practical exercises: Analyzing sample financial statements

Day 3:

Budgeting and Financial Planning

• The importance of budgeting in non-financial roles

• Steps in creating an effective budget

• Different types of budgets: Operational, Capital, and Cash Flow Budgets

• Tools and techniques for budget monitoring and control

• Case study: Developing and managing a budget in a non-financial department

Day 4:

Cost Analysis and Control

• Understanding costs: Fixed, variable, direct, and indirect costs

• Techniques for analyzing costs and identifying cost-saving opportunities

• The role of cost control in achieving financial efficiency

• Practical exercises: Cost analysis scenarios in non-financial contexts

Day 5:

Financial Decision-Making for Non-Financial Managers

• Introduction to financial decision-making processes

• Evaluating the financial impact of business decisions

• Basic principles of investment analysis: Payback period, ROI, and NPV

• Practical application: Making a financially informed decision in your department

• Review and Q&A session to consolidate learning