Course Details

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

• Department Managers
• Project Managers
• Supervisors
• Team Leaders
• Engineers
• Non-Financial Professionals

• 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 should be able to:

• Understand the language and logic of financial statements.
• Analyze financial performance using key ratios and indicators.
• Manage budgets, costs, and cash flows effectively.
• Apply financial insights to day-to-day business decisions.
• Communicate confidently with financial and accounting personnel.

DAY 1

Introduction to Finance and Accounting

• Welcome and introduction
• Pre-test
• The Role of Finance in Business Decision-Making
• Overview of Financial Statements: Balance Sheet, Income Statement, and Cash Flow
• Key Accounting Concepts: Accruals, Matching, and Materiality
• The Relationship Between Profit, Liquidity, and Solvency
• Practical Exercise: Understanding the Flow of Financial Transactions

DAY 2

Understanding and Analyzing Financial Statements

• The Balance Sheet: Understanding Assets, Liabilities, and Equity
• The Income Statement: Revenue, Cost, and Profit Relationships
• The Cash Flow Statement: Managing Operational Liquidity
• Key Financial Ratios: Profitability, Liquidity, Efficiency, and Leverage
• Interpreting Financial Statements for Decision-Making
• Workshop: Financial Statement Analysis of a Real Company

DAY 3

 Budgeting and Financial Planning

• Purpose and Benefits of Budgeting for Non-Financial Managers
• The Budget Cycle: Planning, Preparation, and Control
• Forecasting Revenues and Expenses
• Linking Operational Goals with Financial Plans
• Variance Analysis and Corrective Actions
• Case Study: Preparing and Reviewing a Departmental Budget

DAY 4

Cost Management and Cash Flow Control

• Cost Concepts: Fixed, Variable, and Semi-Variable Costs
• Cost-Volume-Profit (CVP) Analysis and Break-Even Points
• Techniques for Cost Reduction and Efficiency Improvement
• Managing Working Capital and Cash Flow Optimization
• Understanding the Impact of Credit, Inventory, and Payment Terms
• Practical Exercise: Improving Cash Flow and Cost Efficiency

DAY 5

Financial Decision-Making and Application

• Evaluating Investment Opportunities: Payback, NPV, and IRR
• Capital Expenditure and Financing Options
• Understanding the Cost of Capital
• Ethical and Behavioral Aspects of Financial Decisions
• Final Group Project: Presenting a Business Case with Financial Justification
• Post-test
• Certificate ceremony