Finance for Non-Finance Executives
A self-paced online course that provides an introduction to financial management including an overview of the three financial statements with emphasis on the development of budgets and cashflow forecasts as well as in investment analysis.
Every leader in any organisation needs to have at least a basic understanding of financial management principles to be able to make informed decisions and project and anticipate the financial impact of their day to day choices. There is enormous value to any manager in having a good grasp on this building block of business acumen - financial literacy.
Financial literacy is the ability to read and use common financial statements and ratios to assess business performance. It also includes understanding of the budgeting process and the generation of cashflow forecasts.
"Financial literacy allows any leader to be more confident and more competent in their role".
Regardless of the area an executive, line manager or leader works in, knowledge of financial management will allow them to advocate for their team budget, sharpen their negotiating skills, and become more financially efficient.
From our many years of experience working with business and building start-ups, we have developed this self-paced, practical online course that enables any entrepreneur and business owner to familiarise themselves with the basics of financial management, understand how to read financial statements through the use of ratios, get an in-depth understanding of the budgeting process, and develop the skills of assessing various investment alternatives for their projects.
The course starts with providing a broad overview of financial management and gives a thorough description of financial statements (profit and loss, balance sheet, and cashflow statement) explaining how to read them and how to analyse them. The course develops a step-by-step process for developing a budget, and describes several techniques for investment analysis leading to the development of cashflow projections - how to make and use appropriate assumptions to generate cashflow projections, test the assumptions made and use cashflow projections to undergo sensitivity analysis and perform "what-if" scenarios.
Through the use of examples, quizzes, and case studies it allows learners to quickly embed knowledge and to be ready to apply it with confidence in their own project, start-up idea, or established business. The course includes, spreadsheets that can be used to assess investment for a new project and includes step-by-step tutorials allowing entrepreneurs to develop their own projections and use them to extract valuable information.
Course Features
Purpose
- This course builds knowledge and understanding of basic financial management principles and reading and analysing financial statements.
- It equips line managers, executives, and professionals with the confidence to make informed decisions, anticipate the financial impact of their day to day choices, develop and advocate their team's budget, sharpen their negotiating skills, and speak the language of their colleagues at the finance department.
Learning Outcomes
- Learn the principles of the three financial statements and how to read them.
- Interpret financial statements through the use of financial ratios.
- Be able to assess various investment options through investment analysis techniques such as payback period, Net Present Value, and Internal Rate of Return.
- Be able to develop a budget, undergo sensitivity analysis and extract useful information from developed cashflow projections through "what-if" scenarios.
Who is it for?
- Entrepreneurs and business owners planning to launch their start-up.
- Line managers, project managers, and professionals in private, public, and government organisations across sectors that would like to familiarise themselves with financial management concepts and tools.
- The course is also suitable for Higher Education students with an interest in financial planning, investment analysis, and entrepreneurship.
Mode + Duration
- This is a self-paced, online course and includes slides, quizzes and cases studies that enable learners to create awareness and quickly embed knowledge and understanding through applications of the tools and frameworks.
- 12 hours of self-paced material including slides, quizzes, case studies and videos.
- This course can also be delivered live via webinars or even face to face for groups of 5 or more. Please contact us to discuss your specific requirements.
To find out more about the course, please contact us
