Finance Made Easy for Non-finance Professionals

DURATION: 3 DAYS

Delivery Options:

  • In-House
  • Open

Course Objective

Typically, non-finance professionals who work in departments other than finance and accounting dread this subject perhaps due to how poorly they were taught in school. More often than not, accountants and finance experts do not make learning finance by their non-finance counterparts any easier.

Because we understand the myth that has degenerated into fear for finance by non-finance professionals, this course has been carefully demystified to make it easily understandable and enjoyable for anyone intending to enhance his/her financial knowledge and skills. In this course, participants will be equipped with sound business and financial intelligence required to operate effectively in any department of an organisation.

Expected Learning Outcomes:

At the end of this course, participants will be able to:

  • Analyze the internal and external environment of a business using appropriate strategic management tools
  • Explain  the different financial terms relating to a business
  • Prepare basic financial statements of a business
  • Identify and interpret the income lines and cost structure of a business
  • Analyze the performance of a business using key financial performance metrics
  • Prepare departmental and organizational budget for future outcomes
  • Perform an appraisal of investments using simple appraisal techniques to determine best investment to choose from
  • Identify financing gaps of an entity
  • Identify different responsible and sustainable financing options suitable to any organisation

 

  • Content Overview

    Module 1: Overview of Business Analysis  

    • Business structure and legal forms of businesses
    • External business environmental analysis
    • Company internal analysis
    • SWOT analysis

     

    Module 2: Fundamentals of Business Finance  

    • Purpose/Uses of Accounting Records
    • Management Vs Financial Accounting
    • Interrelationship between branches of account
    • The accounting equation
    • Overview of the double entry system
    • Trial Balance
    • Financial Statements

     

    Module 3: Reading and Interpreting financial statements  

    • Key Income lines  
    • Cost Structure (Fixed and variable costs)
    • Asset Structure (Current and Non-current)
    • Liability Structure (Current and Non-current)

     

    Module 4: Basic Financial Analysis and Ratios

    • Profitability ratios
    • Working capital and cash flow management
    • Liquidity ratios
    • Leverage ratios
    • The Asset Conversion Cycle
    • Operating Cycle: What it means, measuring its length and efficiency
    • Cash Cycle
    • Introduction to Cash flow forecast  
    • Preparing a cash budget (Its importance and variables)

     

    Module 5: Budgeting

    • Budget as a performance management and measurement tool
    • Essentials of budgeting and budgetary control
    • The budgeting process
    • Types of budgets
    • Steps in preparing the budget
    • Break-even analysis
    • Variance analysis

     

    Module 6: Capital Investment Appraisal

    • Introduction to Capital Investments
    • Capital Investment Appraisal Techniques
    • Payback Period
    • Discounted Cash Flow – NPV, IRR
    • Ranking of Competing Projects

     

    Module 7: Fundamentals of Financial Management

    • Introduction to business financing
      • Why do businesses need financing
      • Factors affecting choice of finance
      • Guidance for choosing an appropriate financing
      • Capital structure policy
    • Role of the finance manager
    • Corporate governance and business ethics in financial management
      • Role of the board of directors
      • Corporate governance codes
      • Overview of business ethics

    CASES: Case Studies and company financial statements will be used to enhance participants’ understanding of the subject matter.

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