COURSE DESCRIPTION
This programme is designed for the staff members of non-finance divisions to obtain vital financial skills to understand financial documents, manage budgets, analyse financial performance and implement a range of financial controls to meet business objectives to improve business performance.
There is a greater need to understand financial information, particularly the balance sheet, profit and loss account and cash flow statement as companies strive to enhance their shareholder value. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction in shareholder value.
By raising financial awareness, participants are better able to manage businesses’ revenues, costs, profits and cash. Participants will also be able to use their new financial knowledge to make more effective decisions. This programme will provide basic financial principles and cover generic financial management tools necessary for decision making. Learning is achieved via practical examples which reinforce the theory; case studies and short exercises; and topic-related internationally acclaimed videos which successfully simplify the financial topic for the non-financial person.
Course Content
- What is finance?
- Why is finance required?
- What is the importance of finance for the non-finance professionals?
- What are the basic principles on financial accounting?
- What are the basic concepts about management accounting?
- What are the basic concepts of auditing?
- What are the basics about taxation?
- What are the basic concepts on personal finance management.
- Basic investment appraisal concepts.
More Information: Finance for Non Financial Professionals- Brochure