The aim of this course is to equip non-finance professionals with the essential knowledge and skills to understand and interpret key financial information, enabling them to make informed strategic decisions for their departments and the organization as a whole.
This course is designed to break down complex financial concepts into understandable terms for non-finance professionals. It covers fundamental aspects of finance, including financial statements, budgeting, costing, and investment appraisal. Through real-life case studies and practical exercises, participants will learn how to interpret financial data and understand its impact on business decisions.
Target Group
This course is designed for non-finance professionals who need to understand financial concepts as part of their job roles, including project managers, department heads, engineers, marketers, and IT professionals.
Target Group: Professionals from non-financial backgrounds who need to improve their understanding of finance to better contribute to their organization's financial decision-making processes.
Goals
Develop a basic understanding of key financial concepts and principles.
Learn how to interpret and analyze financial statements.
Understand the process of budgeting and its importance in business.
Learn about costing methods and their use in financial decision making.
Understand investment appraisal techniques and their application in business decisions.
Target Competencies
Basic understanding of key financial concepts and principles.
Proficiency in interpreting and analyzing financial statements.
Skills in budgeting and its application in business planning and control.
Understanding of different costing methods and their impact on profitability.
Ability to apply investment appraisal techniques in decision making.
Outlines
Understanding Financial Concepts:
Introduction to financial management principles.
Understanding assets, liabilities, equity, revenue, and expenses.
Learning about the time value of money.
Case study analysis to reinforce financial concepts.
Practical exercises to understand financial terminology.
Interpreting Financial Statements:
Overview of income statement, balance sheet, and cash flow statement.
Learning to analyze financial statements.
Understanding financial ratios and their significance.
Case study analysis of real-world financial statements.
Practical exercises in financial statement analysis.
* Password must be at least 8 characters long * Password must contain at least one lowercase letter * Password must contain at least one uppercase letter * Password must contain at least one digit
