Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Department Heads
• Project Managers, HR, Marketing, Operations Managers
• Professionals with a Limited Finance Background

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants will be able to:

• Understand and interpret key financial statements (Balance Sheet, Income Statement, and Cash Flow Statement).
• Grasp essential financial terminology and concepts used in business decisions.
• Analyze financial performance using key ratios and indicators.
• Apply budgeting and cost control principles to improve operational efficiency.
• Make informed managerial decisions by understanding the financial impact of business activities.

DAY 1

Financial Fundamentals for Managers

• Welcome and introduction
• Pre-test
• Introduction to Business Finance

• Role of finance in decision-making
• Key stakeholders: finance, operations, management

• Key Financial Terms and Principles
• Income Statement
• Balance Sheet

DAY 2

Cash Flow, Working Capital & Financial Ratios

• Cash Flow Statement: Operations, Investing & Financing
• Working Capital Management

• Inventory, receivables, payables

• Key Financial Ratios for Managers

• Liquidity, profitability, solvency, efficiency

• Linking Ratios to Business Decisions

DAY 3

Budgeting and Cost Management

• Budgeting Basics for Non-Financial Roles

• Types of budgets (operating, capital, zero-based)

• Cost Structures and Classifications

• Fixed vs. Variable, Direct vs. Indirect

• Budget Planning and Variance Analysis
• Cost Control Strategies

DAY 4

Financial Decision Making & Investment Appraisal

• The Time Value of Money

• Present Value, Future Value

• Investment Appraisal Techniques

• Payback Period
• Net Present Value (NPV)
• Internal Rate of Return (IRR)

• Capital vs. Operational Expenditures
• Make-or-Buy and Break-even Analysis

DAY 5

Financial Strategy, Communication & Action Planning

• Finance and Corporate Strategy

• Linking goals, KPIs, and financial targets

• Effective Financial Communication for Non-Finance Roles

• Presenting budgets, reports, and forecasts

• Common Financial Pitfalls for Managers to Avoid
• Final Presentations: Budget/Financial Case Study
• Post test
• Certificate ceremony