Course Overview & Introduction

The Finance for Non-Finance Executives accounting course adds financial dimension to the decision making of Non-finance executives

For whom the course is?

All non-financial managers and executives (regardless of industry or profession) who want to expand their knowledge and understanding of accounting and finance. All Non-Financial departmental managers

Outcome of the course

After the course, one will be able to understand financial aspects of business and able to interpret and analyse the financial statements, take part in commercial meetings, can have detailed ideas of budgets and forecasts and inputs required for decision making.

Benefits of this course

• Add a financial dimension to your decision-making
• Gain the skills and confidence to use financial information to improve your company’s performance
• Specifically designed for experienced professionals from non-financial backgrounds
• Helps you to understand the finance and accounting reports presented by the Finance Managers and Accountants
• Add a financial dimension to your decision-making
• Informed business decisions
• Demystifies the language of finance
• Perform project appraisals and company valuations
• You would be able to prepare better budgets and forecasts
• Demystifying the financials unlock the full potential of your business
• Assess and manage the key drivers of performance and shareholder value.
• Designed to empower non-financial managers to ask the right questions and draw insightful conclusions from financial info.
• Make better operational decisions, backed up with a clear understanding of their implications for your company’s financial performance and value
• Measure product and customer profitability in a meaningful way and use activity analysis to manage product and costing
• Help understand and evaluate financial information with confidence.
• It gives you confidence to ask questions and understand the explanations given by the finance people
• The understanding helps interact better with finance people
• You would be able to analyze various cost components, their trend and hence control them
• The course will help you understand the value of your business, the shareholders’ value
• Understanding company performance, identifying the drivers of cash-flow and profit.
• Communicate with confidence in accounting and financial language and ask the right questions
• Interpret and evaluate the content of financial reports, including SOFP, SOCI, CF & financial footnotes
• Analyze and benchmark financial performance, recognizing the major international differences in accounting practice
• Understand the relationship between risk and return and how the required rate of return for a company is estimated
• You will be able to interpret information accurately, make better decisions and, ultimately, deliver increased value.

Course Outlines:

A. Overview & Introduction:

• What is Finance
• Bookkeeping
• Accounting Basics
• Accounting Rules
• Accounting Equation
• Treasury Management and its major objectives
• Important Financial Terms
• The nature and need for organizational strategy
• The role and activities of the finance function
• The users, uses and different types of financial info

B. The Business Model

• The need for finance, The sources of finance, the costs and the benefits, types of facilities
• Capital and operating expenditure: Fixed assets, Working capital and the operating cycle
• Making and measuring profits-The difference between profits and cash
• Fundamental principles and their impact-Accruals concept & Going concern concept

C. Financial Statements

• Components of Financial Statements
• Preparation of FS
• Introduction to IFRS

D. Interpretation of Financial Statements

• How to read financial information-Tips
• Ratio analysis: GP/COGS/Mark Up/Margin Profitability and return, long term solvency and stability, short term solvency and liquidity, efficiency, techniques for improving working capital management and investor ratios

E. Financial Decision Making

• How financial decisions are made:
• Net present value, internal rate of return, payback period
• Relevant cash flows
• Opportunity costs
• Time value of money
• Pay back period
• Return on Investments
• Economic Value Added
• Free Cash Flow
• Working Capital

F. Cost Behavior and Management

• Different types of costs
• Direct and indirect costs
• Fixed, variable costs, semi variable and stepped costs
• How much does something cost?
• Absorption costing
• Activity based costing
• Impact on pricing
• Break even analysis

G. Budgeting & Forecasting

• Perceptions around budgeting
• Planning, budgeting and forecasting – what is the difference?
• The budget cycle and how to prepare a budget-Sales Budget, Production Budget, Raw Materials Budget, Raw Materials Budget,
• Direct Labor Budget, Production Overhead Budget, Budgeted Financials
• Monitoring performance against budget

H. Capital Markets-touch upon

Course Duration:
12-14 hours-2 hours/3 days a week/2 weekend classes/flexible timings

About the Trainer:
CA, CPA(USA),DipIFR, ACSI-20 years of experience

Our Training Approach:
Course materials and hand-outs
Mock tests, Case studies with simulations
Training in small batch for personalized attention
Training by Qualified professionals and Subject Matter Experts
Flexible timings