Finance for Non Finance Managers

Gain a solid understanding of financial principles – even if you're not in the finance department! This Finance for Non-Finance course is designed for professionals in sales, marketing, human resources, R&D, production, and procurement who want to make informed business decisions. In just 6 hours, you'll unlock the financial language used by accountants and learn how financial statements work together.

What you'll learn:

• Financial Accounting Fundamentals: Build a strong foundation in core financial accounting concepts.
• Financial Statement Mastery: Understand and interpret key financial statements like the Profit and Loss Account and Balance Sheet. Learn to prepare these from a Trial Balance.
• Cash Flow Analysis: Gain practical skills in preparing and analyzing Cash Flow Statements.
• Ratio Analysis: Use ratio analysis to assess a company's performance and identify key trends. We'll analyze the financials of a real-world example – Starbucks Corp!
• Management Accounting Techniques: Explore essential management accounting methods, including make-or-buy decisions and shut-down analysis.
• Budgeting & Working Capital: Learn how to implement effective budgeting processes and optimize working capital management.
• Investment Appraisal: Evaluate business proposals and make sound investment decisions using techniques like NPV (Net Present Value), IRR (Internal Rate of Return), and Payback Period.
• Pricing Strategies: Understand how to implement pricing for profit strategies.
• Break-Even Analysis: Master break-even analysis to determine sales volumes needed for profitability.

Course Content Breakdown:

1. Understanding Financial Accounting: Core principles explained.
2. Understanding Financial Statements: A deep dive into key reports.
3. Journal and Ledger: The building blocks of accounting.
4. Preparing Profit and Loss Account and Balance Sheet from Trial Balance: Practical application of accounting principles.
5. Cash Flow Statement Illustration 1 & 2: Hands-on examples.
6. Analysis of Financial Statement_Common Size Statements_Ratio Analysis: In-depth analysis techniques.
7. Case Study_Ratio Analysis: Apply ratio analysis to real-world scenarios.
8. Management Accounting: Decision-making tools for managers.
9. Budgeting: Creating and managing budgets effectively.
10. Case Study _Break-even Analysis: Practical application of break-even analysis.
11. Investment Appraisal | NPV | IRR | Payback Period: Evaluating investment opportunities.
12. Pricing for Profit: Setting prices for optimal profitability.
13. Working Capital Management: Optimizing short-term assets and liabilities.

This course empowers you to contribute strategically to your organization's success by understanding and applying crucial financial principles.