Finance for Non-Financial Managers
There is a great need for better communication between Financial and non-Financial professionals, for a better tool to help the Non-Financial Manager understand the language of Finance, and for the Financial professional to learn the terminology that has meaning for the Non-Financial Manager
Course Outline:
Module 1: How Critical is Good Financial Information, Anyway?
- Managing a Company in Today’s Business Environment
- The Role of the Finance Department
- IFRS: The “Rules” of Financial Reporting
- The Relationship of Finance and Accounting to their Departments
Module 2: The Structure and Interrelationship of Financial Statements
- Tracking the Life Cycle of a Company
- Accounting Is Like a Football Game on Videotape
- The Chart of Accounts—A Collection of Buckets
- The General Ledger—Balancing the Buckets
- Accrual Accounting
- The Principal Financial Statements Defined
Module 3: The Balance Sheet: Basic Summary of Value and Ownership
- Assets and Ownership
- Current Assets—Liquidity Makes Things Flow
- Fixed Assets—Property and Possessions
- Other Assets
- Current Liabilities
- Long-Term Liabilities—Borrowed Capital
- Ownership Comes in Various Forms
- Using This Report Effectively
Module 4: The Income Statement: The Flow of Progress
- They Say Timing Is Everything
- Sales:
- Cost of Sales:
- Gross Profit: The First Measure of Profitability
- Operating Expenses: Running the Business
- Operating Income: The Basic Business Bottom Line
- EBITDA
- Other Income and Expenses
- Income Before Taxes, Income Taxes, and Net Income
- Earnings per Share,
- Using This Report Effectively
Module 5: A Profit vs. Cash Flow: What’s the Difference?
- The Cash Flow Cycle
- Cash Basis vs. Accrual Basis
- Net Profit vs. Net Cash Flow in Your Financial Reports
Module 6: The Cash Flow Statement: Tracking the King
- Beginning Where the Income Statement Ends
- Cash from Operations
- Cash for Investing
- Cash from Financing
- Using This Report Effectively
Module 7: Critical Performance Factors: Finding the “Hidden” Information
- What Are CPFs
- Measures of Financial Condition and Net Worth
- Measures of Profitability
- Measures of Financial Leverage
- Measures of Productivity
- Trend Reporting: Using History to Predict the Future
- Cost Accounting:
- The Purpose of Cost Accounting
- Fixed and Variable Expenses in the Factory
- Controllable and Uncontrollable Expenses
- Standard Costs—Little Things Mean a Lot
- Manufacturing Cost Variances
Module 8: Business Planning: Creating the Future You Want
- Why Take Time to Plan?
- Strategic Planning vs. Operational Planning
- Vision and Mission—The Starting Point
- Strategy—Setting Direction
- Long-Term Goals—The Path to the Mission
- Short-Term Goals and Milestones—The Operating Plan
Module 9: The Annual Budget: Financing Your Plans
- Tools for Telling the Future: Budgets, Forecasts, Projections
- How to Budget for Revenues
- Budgeting Costs
- The Budgeting Process
- Flexible Budgets
- Variance Reporting and Taking Action
Module 10: Financing the Business: Understand the Debt vs. Equity Options
- How a Business Gets Financed
- Short-Term Debt
- Long-Term Debt
- Convertible Debt
- Capital Stock
- Attracting Outside Investors
- The Entrepreneur’s Path
- The Start-up Company
- Professional Investors
- Venture Capitalists
- The Initial Public Offering
- Strategic Investors:
- Acquisition
Course Duration:
2 days
- The course is offered in-house and can be custom made to include specific examples and exercises based on the organisation’s activities.
- The course is wholly interactive combining theory with role play, team exercises and group interaction.
- Evaluation happens through participation and group discussion
Who should attend:
- Managers
- Project managers
- Sales people
Contact us for more Information or to Book Training
tarryn@indawo.africa