Course Overview

The Finance for Managers Course is designed to equip non-financial managers with essential financial knowledge and skills to make informed business decisions. Participants will explore key financial concepts such as budgeting, financial reporting, cash flow management, and financial performance analysis. This course will help managers understand financial statements, assess business performance, and communicate effectively with finance teams. By the end of the course, learners will be able to apply financial principles to drive business success.

 

Prerequisites

No formal financial background is required, but basic familiarity with business operations is beneficial.

Target Audience

This course is ideal for non-financial managers, business owners, team leaders, and professionals who need to understand finance to make informed decisions in their roles. It is also suitable for managers responsible for budgeting, financial reporting, or resource allocation.

Course Highlights

  • Understand key financial concepts such as budgeting, forecasting, and cash flow management.
  • Learn to interpret financial statements and analyse business performance.
  • Gain insights into cost management, pricing strategies, and profitability.
  • Hands-on exercises in financial decision-making with real-world case studies.
  • Communicate effectively with finance teams to support business goals.

Course Objectives

By the end of this course, learners will be able to:

  • Understand key financial concepts and how they apply to business decisions.
  • Read and interpret financial statements to assess business performance.
  • Develop and manage budgets and forecasts to support business planning.
  • Apply cash flow management strategies to ensure business liquidity.
  • Implement cost management techniques to improve profitability.
  • Use financial data to make informed business decisions and collaborate with finance teams effectively.

Course Outline

Instructional Methods: Case studies on financial decision-making, group discussions on financial concepts, and hands-on exercises with business financial data.

Topics Covered:

  • The role of finance in business decision-making.
  • Understanding the basics of financial management: Planning, control, and decision support.
  • Key financial terms and concepts for managers.
  • Finance vs. accounting: Key differences.
  • Importance of financial literacy for non-financial managers.

Instructional Methods: Practical exercises in reading financial statements, group discussions on interpreting financial data, and case studies on financial performance analysis.

Topics Covered:

  • Overview of the key financial statements: Income statement, balance sheet, and cash flow statement.
  • Understanding profitability, liquidity, and solvency metrics.
  • How to assess financial performance using financial statements.
  • Using financial statements to support managerial decision-making.
  • Common financial reporting mistakes and how to avoid them.

Instructional Methods: Hands-on exercises in budgeting and forecasting, scenario analysis for financial planning, and group discussions on budget management.

Topics Covered:

  • The role of budgeting in business management.
  • Creating and managing operational budgets.
  • Forecasting techniques for managers.
  • Variance analysis: Comparing actual vs. budgeted results.
  • Best practices for effective budgeting and forecasting.

Instructional Methods: Case studies on cash flow challenges, group discussions on cash flow strategies, and practical exercises in cash flow forecasting.

Topics Covered:

  • Importance of cash flow management in business operations.
  • Understanding the cash flow statement: Operating, investing, and financing activities.
  • Techniques for managing cash flows to ensure liquidity.
  • Cash flow forecasting and planning for short-term and long-term needs.
  • Strategies for improving cash flow in day-to-day business activities.

Instructional Methods: Group discussions on cost-control strategies, case studies on cost management, and practical exercises in profitability analysis.

Topics Covered:

  • Understanding cost structures: Fixed vs. variable costs.
  • Break-even analysis: How to calculate and interpret.
  • Pricing strategies and their impact on profitability.
  • Managing costs to improve profitability.
  • Contribution margin analysis and its role in decision-making.

Instructional Methods: Scenario-based exercises in financial decision-making, group discussions on resource allocation, and hands-on exercises in evaluating investment opportunities.

Topics Covered:

  • The role of financial data in managerial decision-making.
  • Capital budgeting basics: Evaluating investment opportunities.
  • Cost-benefit analysis and return on investment (ROI) calculations.
  • Resource allocation decisions based on financial data.
  • How to collaborate with finance teams for informed decision-making.

Certification

A certificate of completion will be awarded upon successful completion of the course.

Course Fees

$788 $488

Finance for Managers

Transform Your Management Skills with Essential Financial Knowledge

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Transform Your Management Skills with Essential Financial Knowledge

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