Finance for Non-finance Employees– Understanding the finance language

Most non-finance functions struggle with developing a financial perspective. But since organizational success is based on financial health, it is imperative for all employees to understand financial implications. This program is a necessity for employees at all levels since finance is at the bottom-line or organizational success. The program is designed for employees to enhance their understanding of finance in business for a better functioning and work productivity. Participants will get the basic information about how finance and accounting concepts drive an organization’s growth and how their performance have an impact on overall finance of the organization.

Need Addressed
  • Do you like to learn the finance language in order to better comprehend the information from management and authorities?
  • Is there a difficulty in understanding business numbers?
  • Do you like to see the trends in business performance and analyse it?
  • Do you struggle to focus on results rather than getting the job done?
  • Do you want to understand the creation of stakeholder value?
  • Do you wish to know the impact of your decisions in organization’s financial statement?

If your answer to these questions is “yes”, then Finance for Non-finance Employees– Understanding the finance language is just for you.

Program Objectives

The main focus of the program is to help employees understand the importance of their decisions and how it affects the company’s financial statements. Gaining a perspective of this would enable them to function effectively and communicate better with the financing team.

Program Features

Finance for Non-finance Employees– Understanding the finance language is based on experiential learning using online pre-work, engaging facilitation, and online follow-up to create a personalized learning experience. Based on best practices, program breaks the myth and jargons about finance by equipping employee to understand the basics.

Pre-Work

1-Day intensive training

Virtual Follow-Up

Program Outcomes
  • Understanding the importance of finance and interpretation of financial information
  • Applying the concepts of accounting and finance to analyse financials
  • Remembering key accounting and finance terms
  • Examining financial statements by using key ratios
  • Explaining the importance of budgeting process
  • Utilizing the key components needed to improve profitability
  • Understanding accounting’s role in business and master the language of accounting
  • Contrasting how business decisions made by you impact key elements of your company’s financial statements
  • Identifying signals pointing to deterioration in financial condition
  • Taking part in discussions on current financial and economic issues
Experience Finance for Non-finance Employees– Understanding the finance language

Discuss

Sketch

Observe

Reflect

Play

Session Plan
Session NameBrief Overview
IntroductionsParticipants are introduced to the entire structure of the course and their commitment reaffirmed.
Overview of basicsUnderstanding the concepts like accounting equations and cash vs accrual.
Financial performanceGaining a perspective of the financial statements, what it tells and doesn’t, and also breaking the jargons related to it.
Financial positionUnderstanding the Assets, Liabilities and Equity in finance and also essentials of reading a balance sheet and how it could be of benefit.
Financial analysisReviewing if the business is on track? Simple measures of profitability, liquidity and efficiency.
FundingIdentifying common sources of capital and their implications, Debt vs Equity. The positive and negative sides of debt and Cost of debt and equity.
Investment appraisalThe session focuses on Time value of money, Basic principles of appraisal, and Popular methods of appraisal: Payback, NPV, IRR.
Budgetary controlGaining clarity various needs of budget, Types of budgets, and Preparing the profitability budget.
Impact of individual decisions on financeEnabling participant to understand how individual decisions and operations greatly impact the organization’s financial statement in either positive or negative way.

This is the overview of Finance for Non-finance Employees – Understanding the finance language. The program is customizable based on client requirements. To know more, write to us at contact@strengthscape.com