Financial Management for NonFinancial Professionals

COURSE OVERVIEW

Financial awareness or having knowledge about accounting and financial information is very crucial to everyone in any organization. Therefore, Financial information and techniques must be understood and communicated by all functions at a level that is greater than   the budgeting and recording of financial information. The purpose of this course is to equip delegates with knowledge an awareness in financial management that they can share among themselves and other departments or even externally. The following important features of financial management that can be learnt are;

  • Immediate use of the tools and techniques of financial analysis and financial management
  • Becoming better informed and using new financial skills that will help to improve decision making
  • Communication of the various financial tools that are available to help the organization enhance its competitive positioning and improve its cashflow.

LEARNING OUTCOME

At the end of this course, participants will be able to;

  • Analyze the Profit and Loss account (Income Statement), balance sheet and cashflow statement and use ratios to interpret financial statements and identify their limitations
  • Appreciate the importance of cashflow (rather than profit) and discounted cash flow (DCF) in creating shareholder value
  • Develop costing systems such as the Activity Based Costing (ABC) for optimal decision making to maximize shareholder wealth
  • Appreciate the role of managers in the budget process and the use of Activity Based

Budgeting (ABB)

  • Determine the cost of capital in order to evaluate alternative sources of financing and optimal financial structure(gearing)
  • Effectively manage cash and working capital to reduce costs and improve cashflow.

COURSE OUTLINE

  • Company objectives, accounting standards and financial statements
  • Reading and interpreting financial statements
    • Measurement of operating performance
    • Measures of financial performance and financial position
    • Risk measurement
    • Limitations of ratio analysis
    • Cost/Volume/Profit (CVP) analysis
    • Discounted cash flow
    • Capital investment appraisal
    • Capital budgeting
    • Financial structure
    • Costing
    • Decision making
    • Budgeting and budgeting control
    • Working capital management and cash improvement
    • Business valuation

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