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.

Finance for Non-Finance Managers Need Addressed
  • 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

Finance for Non-Finance Managers Program Objectives

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 Program Features

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.

Pre-Work

1-Day intensive training

Virtual Follow-Up

Finance for Non-Finance Managers Program Outcomes
  • 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
Experience Finance for Non-Finance Managers- Road to being Finance Smart

Discuss

Sketch

Observe

Reflect

Play

Finance for Non-Finance Managers Session Plan
Session NameBrief Overview
IntroductionsParticipants are introduced to the entire structure of the session and their commitment reaffirmed. Capturing expectations from the session.
Establishing the importanceNeed of finance knowledge in an organization and its application.
Financial Statement- OverviewThis 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 AnalysisIt will teach common sizing and techniques for the manipulation of financial documents. It will also explain ratio analysis.
Valuation RatiosIt will discuss effective tax rates, valuation ratios, and management of assets.
Time Value of MoneyThis will teach the time value of money. Annuity perpetuity and Net present value.
Cost of Capital and Risk ManagementIt will teach cost of capital, including weighted average cost of capital, and risk management.
Cost Concepts and Decision MakingIt will teach various Cost Behavior and its application in Decision Making.
Finance in the OrganizationRelating the concepts learnt with financial details relevant within the organization and how one can play a role in it.
Action PlanWhat new to Start? What to Stop? and What should be Continued?

This is the overview of Finance for Non-Finance Managers- Road to being Finance Smart. The program is customizable based on client requirements. To know more, write to us at contact@strengthscape.com