If you are looking for Finance for Non-Financial Professionals, you are at the right place. The Collin Jennings Finance for Non-Financial Professionals has a long track record of being effective for training of management and supervisors in a professional environment. Here is the outline of the Finance for Non-Financial Professionals course.
Objective
A two-day training workshop to train basic financial concepts to personnel in non-financial roles. Typically the delegates are not financially orientated, but who require an understanding of finance and business principles in order to more effectively perform their duties. Delegates range from clerks to managers in all departments of the organisation.
Who Should Attend?
This course is intended for managers in every functional area of responsibility in all industries who are looking for a better grasp of financial terms and mechanisms so they firstly appear ‘out of their depth’ in meetings and secondly know better how to make more net cash profits and increasing shareholder returns for their area of responsibility.
Course Guideline
The workshop reviews basic business issues. It examines these in an interactive discussion forum in which delegates actively participate. The workshop will address the following concepts:
Profit as the Motivating Factor
What is profit
The components of profit
Who in the organisation is responsible for each of the components of profit.
The benefits of generating profit
The risks of running a business
Profit as a reward to the shareholders/owners
Threats to profitable performance
Customers
Managing Customers profitably
The Role of Accounting
The role and purpose of accounting
Sources of financial information
Accounting practises such as Provisions, Accruals, Depreciation, etc
The role of the Balance Sheet
The role of the Income Statement
Cash Flow as the Lifeblood of a business
Budgeting and Planning
Analysing Financial Statements
Key Financial Ratios
The different information requirements of Managers, Owners, Suppliers, Customers
Legal Concepts
Review of different Legal Entities
Statutory requirements for the presentation of financial information
As a practical exercise, the delegates will be tasked to work in teams to formulate a business plan, a projected income statement and a cashflow for a fictitious business. These business plans are then presented and reviewed on the second day. The purpose being to formalise the practical aspects of the business concepts reviewed during the first day.
