Finance for Non-Finance Managers- Road to being Finance Smart
This program is a necessity of time for managers as it helps them to have a wholistic perspective while taking decision. This program is designed for managers to enhance their understanding of finance in business for better management and decision-making capabilities. They get detailed information about how finance and accounting concepts drive an organization’s growth. It is important for a manager to be conversant with financial-decision making tools, which helps them to analyse a given financial statement, understand the nature of cost and ways to reduce cost, take pricing decision, decide a product mix and opt for the best option suiting the financing need. Strengthscape’s Finance for Non-Finance Managers- Road to being Finance Smart program is designed to enable participants to operate in today’s complex organization’s eco-system.
- Is it difficult for you to get a hang of financial terminology?
- Do you feel you lack the perspective of finance while taking a decision?
- Are you not familiar with financial decision-making tools?
- Do you reach out to others for the best option suiting the financial need?
- Is it challenging to converse in financial language?
- Do you lack knowledge in finance and accounting concepts which drives the organisation’s growth?
- Do you want to know about the key components that leads to profitability?
If your answer to these questions is “yes”, then Finance for Non-Finance Managers- Road to being Finance Smart is just for you
This program prepares people managers with the importance of finance and accounts in order to have a wholistic perspective and helps them in the interpretation of financial information. This makes them competent to operate in today’s complex decision business environments and address the ever-changing business needs of the organization.
Finance for Non-Finance Managers is an experiential training that uses online pre-work, engaging facilitation, and online follow-up to create a personalized learning experience. It connects different dimensions of conflicts in a virtual world to real-world demands, generating powerful action plans.
- Understand the impact of various business decisions on the organization’s performance
- List the fundamentals of finance and accounting
- Learn the key concepts of managerial and financial accounting
- Identify red flags in financial statements
- Analyse financials by applying the concepts of accounting and finance
- Comprehend relevant financial information within the organization
- Learn about the key components needed to improve profitability
- Learn to make critical business decisions involving cost-savings, budgets, new projects decisions and growth strategies
|Session Name||Brief Overview|
|Introductions||Participants are introduced to the entire structure of the session and their commitment reaffirmed. Capturing expectations from the session.|
|Establishing the importance||Need of finance knowledge in an organization and its application.|
|Financial Statement- Overview||This module will provide an overview of Financial Statements, Balance Sheet, Profit and Loss account, Cash Flow statement, Net profit versus Net Cash Flow and Related Ratios and Interpretations.|
|Financial Statement Manipulation and Analysis||It will teach common sizing and techniques for the manipulation of financial documents. It will also explain ratio analysis.|
|Valuation Ratios||It will discuss effective tax rates, valuation ratios, and management of assets.|
|Time Value of Money||This will teach the time value of money. Annuity perpetuity and Net present value.|
|Cost of Capital and Risk Management||It will teach cost of capital, including weighted average cost of capital, and risk management.|
|Cost Concepts and Decision Making||It will teach various Cost Behavior and its application in Decision Making.|
|Finance in the Organization||Relating the concepts learnt with financial details relevant within the organization and how one can play a role in it.|
|Action Plan||What new to Start? What to Stop? and What should be Continued?|