Course Overview

In today’s diverse and everchanging business environment, it is crucial for all non-finance managers and executives to develop important financial skills.

These skills will enable them to better understand and analyze financial statements, evaluate organizational performance and contribute effectively in the cost controlling process and make positive contributions towards effective assessment of Investment opportunities.

Acquisition of these skills would enable these executives to appreciate how their function fits into the overall objectives of the organization, thus enabling them to contribute positively to the organization’s goal.

Training Objective

To equip non-finance professionals with a foundational understanding of financial concepts, practices, and decision-making tools relevant to their roles. By the end of the training, participants will be able to:

1.Understand Corporate Finance: Understand the nature and concept of corporate finance.

2.Understand Key Financial Concepts: Enhance your Financial literacy and financial vocabulary for business. Understanding the Basics Principles of accounting and Fundamentals of finance and accounting. Obtain a working knowledge of essential financial terms and principles, such as revenue, expenses, profit, cash flow.

3.Interpret Financial Statements: Learn to read and interpret balance sheets, income statements, and cash flow statements to understand the financial health of projects and the organization.

4.Understand the Impact of Operational Decisions on Financial Performance: Recognize how day-to-day operational decisions influence the company’s financial outcomes and how financial alignment can enhance overall performance.

5.Communicate Financial Insights: Be able to effectively communicate financial insights with finance teams and contribute meaningfully to discussions that impact the company's financial health. Evaluate a company’s liquidity, capital adequacy, profitability, and cash management practices based on the information provided in financial statements. Understand Working Capital Management.

6.Strategic cost management (SCM): Be able to understand cost and cost behavior in order to control costs to improve a company's strategic position, profitability, and revenue

This training will enable participants to make informed decisions that support the financial objectives of the company, enhance collaboration with finance teams, and drive better outcomes for the organization.

Program Modules

DAY 1

9.00AM – 10.45AM

Module 1: Understanding Corporate Finance

•Corporate Structure of a Business Organization

•Key Concepts of Corporate Finance

•Understand the Components of Capital Structure

•Understand the Finance Function

11.00AM – 1.00PM

Module 2: Introduction to Financial Statements

•Objectives of Financial Reporting

•Users of Financial Statements

•Basic Financial Statements

•Differentiate between Assets, Liabilities, Expenses, Income and Equity

•Understanding the Accounting Equation Assets = Liabilities + Equity

2.00PM – 3.15PM

Module 3: Analyzing the Balance Sheet

•What is a Balance Sheet

•Explain the uses of a balance sheet.

•Identify the major classifications of the balance sheet.

•Prepare a classified balance sheet

•Hands On Session: Case Study -Analyze the Balance Sheet – Key Highlights & Changes

3.30PM – 5.00PM

Module 4: Analyzing the Income Statement

•What is an Income Statement

•Understanding the Basic Elements of Income statement

•Prepare an Income statement.

•Explain how to report items in the Income statement.

•Hands On Session: Case Study- Analyze the Income Statement – Key Highlights & Changes

DAY 2

9.00AM – 10.45PM

Module 5: Analyzing the Cash Flow Statement

•Understanding the importance of cash and fund flow management.

•Indicate the purpose of the statement of cash flows.

•Identify the content of the statement of cash flows.

•Prepare a statement of cash flow

•Understand the usefulness of the statement of cash flows.

•Hands On Session: Case Study - Analyze cash flow by comparing two consecutive balance sheets.

11.00AM – 1.00PM

Module 6: Strategic Cost Management and Financial Statement Analysis

•What is Strategic Cost Management

•Costing and Cost Behavior

•Understanding Cost Volume Profit and Break- Even Analysis

•Explain why financial statements need to be analyzed.

•Types of Corporate and Financial Ratios

•Calculate financial ratios to assess profitability, liquidity, and solvency.

•Understand Working Capital Management

•Hands On Session: Case Study- Financial Analysis

2.00PM – 3.15PM

Module 7: Hands-On Session - Final Capstone Project

•Business Case Study – Group Activity

3.30PM – 5.00PM

Course Summary – Developing your Action Plan

•Lesson Learned and Program Wrap Up

•Identifying Critical Initiatives and Developing Key Action Plan

•Formulating Participants Personal Next Steps

Target Audience

Suitable for Non-Finance Professional working in functional areas other than Accounting & Finance such as Marketing & Sales, Project Management, Engineering, Human Resources and Supply Chain Management.

Methodology

This stimulating program will maximize understanding and learning through Interactive Lectures, Course notes, Videos, Learning Assessments, Case Studies, Group Activities.