The Finance for Non-Finance Executives Course is a practical 10-day program designed to equip professionals in non-financial roles with the foundational knowledge to interpret and utilize financial information effectively. The course provides an understanding of key finance principles, helping participants make informed decisions that positively impact their business strategies and overall performance.
Course Objectives
- Gain a strong grasp of fundamental finance concepts, terminology, and financial statements.
- Interpret financial statements to evaluate organizational health and performance.
- Understand key financial ratios and indicators for financial analysis.
- Assess investment opportunities and make strategic resource allocation decisions.
- Learn budgeting techniques and financial forecasting methods for more accurate planning.
- Understand cost management strategies that enhance profitability and efficiency.
- Develop skills in making sound financial decisions and evaluating risks.
- Communicate financial data effectively with both finance and non-finance professionals.
- Apply financial principles to support strategic planning and business success.
- Create personalized action plans to improve financial literacy within the organization.
Organization Benefits
- Boosted financial literacy among non-finance professionals, leading to better business decision-making.
- Improved ability to interpret and manage financial data for enhanced planning and control.
- Stronger collaboration between finance and non-finance teams, fostering greater synergy.
- Improved financial strategies aligned with organizational objectives.
- Optimized budgeting and resource allocation for better cost management.
- Increased ability to assess investment risks and make informed financial choices.
- Strengthened financial controls and more effective risk management practices.
- Greater financial transparency, boosting stakeholder confidence and organizational credibility.
Who Should Attend
This course is ideal for professionals in non-financial roles such as:
- Executives and managers from non-financial departments
- Project managers
- Sales and marketing professionals
- Human resources managers
- Operations and production managers
- IT professionals
- Entrepreneurs and business owners
- Professionals transitioning into managerial roles
Course Duration
The course spans 10 days, with flexible scheduling available to accommodate your organization’s needs.
Course Outline
- Module 1: Introduction to Finance for Non-Finance Executives
- The importance of financial literacy
- Basic finance concepts and terminology
- Module 2: Understanding Financial Statements
- Overview of financial statements (income statement, balance sheet, cash flow statement)
- How to interpret financial statements for business evaluation
- Module 3: Financial Statement Analysis
- Key financial ratios and indicators
- Evaluating liquidity, solvency, and profitability
- Module 4: Financial Decision-Making
- Evaluating investment opportunities
- Capital budgeting and resource allocation
- Module 5: Budgeting and Financial Forecasting
- Budgeting processes and techniques
- Creating accurate financial forecasts
- Module 6: Cost Management and Control
- Understanding different types of costs
- Cost-volume-profit analysis
- Cost management strategies
- Module 7: Financial Risk Assessment and Management
- Identifying and managing financial risks
- Risk mitigation strategies
- Module 8: Financial Communication and Reporting
- Communicating financial information to stakeholders
- Presenting complex financial data clearly
- Module 9: Financial Strategy and Planning
- Aligning financial strategies with organizational goals
- Supporting strategic decision-making with financial data
- Module 10: Performance Measurement and Key Performance Indicators (KPIs)
- Understanding KPIs for business evaluation
- Using KPIs to measure financial performance
- Module 11: Working Capital Management
- Managing cash flow, receivables, and inventory
- Short-term financing options
- Module 12: Cost of Capital and Capital Structure
- Understanding cost of capital
- Evaluating financing options and capital structure
- Module 13: Financial Analysis for Decision-Making
- Project profitability analysis
- Business expansion feasibility
- Module 14: Financial Planning and Forecasting
- Long-term financial planning
- Scenario and sensitivity analysis
- Module 15: Corporate Finance and Valuation
- Understanding corporate finance principles
- Business valuation techniques
General Notes
- All our courses are customizable to meet the specific needs of participants.
- Participants should have a good understanding of English.
- Our programs include practical exercises, group work, and web-based tutorials. Trainers have over 10 years of experience.
- Upon completion, participants will receive a certificate from Stepsure Training and Research Institute (STRI).
- Training can be conducted at Stepsure Training and Research Institute centers, or on-site as per your schedule.
- Course fees include training, materials, two coffee breaks, and lunch. Participants are responsible for travel, visa, insurance, and other personal expenses.
- Accommodation, transportation, and visa arrangements can be made at discounted rates upon request.
- Tablets and laptops can be provided upon request for an additional cost.
- One-year free consultation and coaching will be available after course completion.
- Register as a group (2+ participants) to receive a discount of up to 50%.
- Payments should be made in advance to the Stepsure Training and Research Institute account to ensure preparation for the program.
Contact Us
For more information, inquiries, or to register, contact us at:
- Email: info@stepsureresearchinstitute.org
- Phone: +254 723 482 495
- Website: www.stepsureresearchinstitute.org
