Finance for Non-Finance

Understand the impact of financial decisions and strategy on your business.

About The Program

This course will help participants to raise their awareness of finance and use financial information in making business decisions. This course will enable participants to make a better short or long term decisions in managing their business.

Course Objectives

- Understand basic accounting principles.
- Explain the different types of financial reports.
- Interpret key financial information.
- Understand the limitation of financial reports.
- Construct a cash budget and proforma statement.
- Evaluate different streams of cash flow.
- Apply common capital budgeting techniques.
- Interpret financial information in decision making and strategic planning.
- Assess the financial viability of current plans and projects.
- Manage and control the budget effectively on a day to day basis.

Course Outline

- Understanding the importance of financial statements.
- Understanding double entry concepts.
- Recording transactions in Journals, Cash Book and General Ledger.
- Understand the difference between Income Statement and Balance Sheet.
- Understanding relevant and achievable targets.
- KPIs and assessments relevant to company.
- Accounting terminology within financial statements.
- Contents of Income Statements, Balance Sheet and Cash Flow.
- Understand Income and Balance Sheet.
- Understand Cash Flows.
- Understanding vertical analysis.
- Understanding ratios.
- Understand the pitfalls of over relying on financial statements.
- Understand the limitations of ratios.
- Understand the financial planning process.
- How to prepare a cash budget?
- How to prepare a proforma statement?
- Understand and evaluate different streams of cash flow.
- Describe the characteristics of capital expenditure.
- Describe the capital budgeting process.
- Payback period.
- Net present value.
- Internal rate of return.
- Assets.
- Liabilities.
- Revenue.
- Expenses.