Course Introduction
Business entrepreneurs, CEOs, Executives and Managers should have a sound knowledge on key parameters of financial management to take best business decision impacting strong financial health of the organization. Without having a proper understanding many ‘non-financial’ managers took some wrong decisions resulting negative consequences for the business unit & organization. Every CEO / executives / managers should have a greater understanding of the finances which ultimately help to take the right decision in management & success of the organization. A manager should have accounting skills, budgeting skills, financial ratio analysis, financial statement interpretation and then be able to combine all those skills to make sensible and well-informed business decisions. In essence, non-financial managers need to acquire the financial skills that empower them to exhibit better all-round business acumen.
This finance for non-finance manager will introduce the key concepts of finance that contribute to the success of the business.
Objectives:
The program aims to improve the knowledge of the CEOs, senior executives & managers to understand basic financial documents used in business. Participants will learn how to interpret the information and use this knowledge to effectively manage the day-to-day business of their organization.
- Gain knowledge on basic financial documents used in business
- Plan and monitor budgets to take sound decisions
- Apply best practices in international financial management
- Guide participants in assessing the current state & future conditions of their institutions and finances
- Better understand of the challenges of corporate financial reporting
- Apply the best practices in financial management
Module 1: Budget Planning & Financial Management
- Overview of budget planning
- Overview of organization financial management
- Analyzing the balance sheet, profit & loss
- Analyzing financial statements & cash flow
Module 2: Budget Monitoring & Accounting Rules
- Analyzing trends in financial flows
- Budget monitoring and cash flow management
- Working capital management
Module 3: Tools for Management Decisions
- Procurement principles, procedures & decision
- Financial environment & Global financial crisis
- Financial discipline during crisis
- Team, Motivation and Leadership
Target Audience:
The course is primarily designed for business owners, entrepreneurs, non-finance managers / executives and who wants to learn about finance. It will help the executives to take the right decision with sound knowledge on important organization financial management topics.
