Smart Finance for Non-Financial Managers: From Basics to Business Impacts
Introduction
In today’s competitive business environment, managers and professionals across all functions rely heavily on financial information to make sound decisions. Financial reports provide insights into past performance, a framework for forecasting, and evidence to determine whether activities are cost-effective or aligned with organizational targets.
This program is specifically designed for non-financial professionals, enabling them to interpret, analyze, and utilize financial data effectively. Participants will develop the confidence to apply financial techniques, evaluate performance, support logical decision-making, and contribute to strategic growth.
Key Course Features
* The role of the Finance Function in reporting, control, and risk management.
* Understanding and interpreting the three key financial statements.
* Analyzing published Annual Financial Reports from a stakeholder perspective.
* Applying management accounting tools for operational control and decision-making.
* Gaining insights into treasury management and financial risk control.
Objectives
By the end of this program, participants will be able to:
* Explain the purpose and structure of the **Income Statement, Statement of Financial Position, and Cash Flow Statement**.
* Analyze and evaluate an organization’s performance using its **Annual Financial Report**.
* Apply management accounting tools such as **costing, budgeting, CVP analysis, and variance analysis**.
* Use investment appraisal techniques (**ARR, Payback, NPV, IRR**) to evaluate opportunities.
* Recognize and apply methods to manage financial risks, including **foreign exchange and interest rate exposure**.
Methodology
The program uses a blend of instructor-led presentations, **interactive teamwork exercises, group discussions, and case studies**. Participants will practice applying financial tools to real-world business situations, ensuring practical knowledge transfer.
Who Should Attend
* Non-financial managers and professionals seeking to enhance financial literacy.
* Project managers and team leaders responsible for budgets and investments.
* Department heads looking to better align with organizational financial goals.
* Professionals aspiring to senior leadership roles that demand financial acumen.
Course Outline
Day One: Business Organizations, Finance Function & Financial Reporting
* The role of the finance function in business operations.
* Sources and types of finance.
* Preparing business plans for investors.
* Structure of financial accounting systems.
* Understanding the Income Statement and Statement of Financial Position.
* **Team Exercise:** Case study on financial reporting.
Day Two: Annual Financial Reports & Performance Analysis
* Purpose and format of the **Annual Financial Report (AFR)** under IFRS.
* Communicating with stakeholders through AFRs.
* Profit vs. cash flow differences.
* Preparing a Cash Flow Statement.
* Analyzing and interpreting AFRs for performance and position.
* **Team Exercise:** Company performance analysis presentation.
Day Three: Management Accounting for Decision-Making
* Difference between financial and management accounting.
* Product costing and handling overheads.
* Absorption costing vs. Activity-Based Costing (ABC).
* Cost-Volume-Profit analysis and break-even.
* Budget preparation and variance analysis.
* **Team Exercise:** Budget development for a manufacturing firm.
Day Four: Investment Appraisal Techniques
* Time value of money concepts.
* Introduction to investment opportunities.
* Basic appraisal methods: ARR and Payback.
* Advanced methods: Net Present Value (NPV) and Internal Rate of Return (IRR).
* Calculating Weighted Average Cost of Capital (WACC).
* Sensitivity Analysis and capital rationing.
* **Mini-Case:** Comprehensive investment appraisal.
Day Five: Treasury & Risk Management
* Understanding the role of corporate treasury.
* Managing interest rate risks using swaps and options.
* Identifying and mitigating foreign exchange risks.
* Natural vs. transactional hedging techniques.
* **Team Exercise:** Hedging a foreign currency transaction.
Outcome
Participants will leave with a **comprehensive toolkit of financial skills**, enabling them to make better-informed decisions, engage confidently with finance teams, and contribute strategically to their organization’s success.
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
