INTRODUCTION
In today`s dynamic business environment, understanding financial principles is crucial for executives and business professionals to drive success and maintain competitiveness.
This Building Financial Acumen for Non-Financial Managers training course is designed to demystify finance for non-financial managers, equipping them with essential skills to navigate profitability, liquidity, and financial structure.
This interactive training course covers fundamental financial concepts, including accounting processes, financial reporting, and analysis. Participants will gain insights into how these financial reports influence business decisions and strategic planning.
The training course also emphasizes management accounting, focusing on budgeting, cost control, and investment evaluation. By bridging financial and strategic perspectives, the training course empowers professionals to make informed decisions that enhance corporate profitability and sustainability.
This GLOMACS Building Financial Acumen for Non-Financial Managers training course will highlight:
- The strategic and operational role of finance in business
- Principles of accounting and financial reporting
- Techniques for understanding and analyzing financial reports
- Management accounting’s role in cost control and efficiency
- Evaluating investment returns to meet stakeholder expectations
Objectives
At the end of this Building Financial Acumen for Non-Financial Managers training course, you will learn to:
- Explain the role and interpretation of financial statements
- Communicate effectively with financial professionals using accounting terminology
- Review organizational performance using financial ratios and break-even analysis
- Implement budgetary control to compare actual performance with planned targets
- Evaluate investment projects through DCF and other appraisal methods
Training Methodology
The delegates on this training course will receive thorough training on the subjects utilising a variety of proven adult learning teaching and facilitation techniques include the following:
- A presentation in a highly interactive manner
- Individual and group activities, interspersed throughout the sessions, along with appropriate case studies
- Video documentaries that will highlight the significant teaching features
Organisational Impact
The Organisation will have the following benefits;
- Increasing awareness of accounting and finance roles
- Improving understanding of accounting systems and financial reports
- Enhancing contributions to financial discussions and decision-making
- Utilizing tools for effective financial control and management
- Identifying and managing business risks for sustainable growth
Personal Impact
At the end of this training course, the participants will gain the following;
- A deeper understanding of financial systems and statements
- Improved ability to contribute to financial discussions and management
- Skills to evaluate alternative actions for organizational improvement
- Effective communication with departments on financial matters
WHO SHOULD ATTEND?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Sales and marketing executives
- Supply chain and project professionals
- Internal auditors and non-financial professionals
- Senior managers in manufacturing, marketing, and engineering
- Human resources, legal professionals, and consultants involved in strategic decision-making