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Financial Management for Non-Financial Managers

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About Course

Course Overview:

The Financial Management for Non-Financial Managers course is designed to empower professionals from non-financial backgrounds with the essential knowledge and skills needed to understand, interpret, and contribute to financial decision-making within their organizations. Over five days, participants will gain insights into financial concepts, statements, and practices, equipping them to make informed business decisions.

Methodology:

This course employs a blend of instructor-led presentations, case studies, group discussions, and practical exercises to ensure a dynamic and engaging learning experience. Participants will have the opportunity to apply financial management concepts through real-world scenarios, enhancing their ability to contribute to financial decision-making.

What Will You Learn?

  • Day 1: Introduction to Financial Management
  • Importance of Financial Management for Non-Financial Managers
  • Key Financial Concepts and Terminology
  • Understanding Financial Statements: Balance Sheet and Income Statement
  • Role of Finance in Organizational Success
  • Day 2: Budgeting and Forecasting
  • Basics of Budgeting and Forecasting
  • Creating and Managing Budgets
  • Variance Analysis and Performance Measurement
  • Financial Planning for Business Operations
  • Day 3: Cost Management and Analysis
  • Cost Classification and Behavior
  • Cost-Volume-Profit (CVP) Analysis
  • Break-Even Analysis
  • Managing and Controlling Costs
  • Day 4: Capital Investment Decisions
  • Time Value of Money: Present Value and Future Value
  • Capital Budgeting Techniques: NPV, IRR, Payback Period
  • Evaluating Investment Opportunities
  • Financial Justification for Projects
  • Day 5: Financial Decision-Making and Communication
  • Financial Ratios and Analysis
  • Interpreting Financial Data for Decision-Making
  • Effective Communication with Financial Stakeholders
  • Ethical Considerations in Financial Management

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