Description
Finance and Accounting for Non-Financial Professionals
Course Overview
In today’s business world, financial literacy is no longer just for accountants and finance professionals. Whether you are a manager, entrepreneur, project lead, or business executive, understanding financial principles is crucial for making informed decisions, managing budgets, and driving business growth.
This Finance and Accounting for Non-Financial Professionals course is designed to demystify finance, breaking down complex concepts into practical, easy-to-understand insights. You don’t need to be an accountant to grasp key financial principles—this course will equip you with the knowledge to analyze financial statements, understand cash flow, manage costs, and make strategic financial decisions confidently.
Through engaging real-world examples, case studies, and interactive exercises, you’ll gain the financial acumen needed to communicate effectively with finance teams, interpret financial reports, and contribute to your organization’s financial success.
Who Should Attend?
This course is perfect for:
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Business owners and entrepreneurs
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Managers and department heads
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Marketing and sales professionals
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Engineers, IT professionals, and operations managers
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Project managers and team leads
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Public sector executives
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Anyone who wants to improve their financial literacy
Key Learning Outcomes
By the end of this course, participants will be able to:
✔ Understand basic financial and accounting principles – Gain a solid foundation in financial terminology, accounting concepts, and how they impact business decisions.
✔ Interpret financial statements with confidence – Learn how to read and analyze balance sheets, income statements, and cash flow statements to assess financial performance.
✔ Manage budgets and control costs effectively – Discover techniques for budgeting, forecasting, and cost control to improve financial efficiency.
✔ Understand cash flow and working capital management – Learn how businesses manage cash, monitor financial health, and ensure liquidity for operations.
✔ Make better business decisions using financial data – Use financial reports and key performance indicators (KPIs) to guide strategic decision-making.
✔ Communicate effectively with finance professionals – Bridge the gap between financial experts and other business units by speaking the language of finance with clarity.
✔ Understand the financial impact of business activities – Learn how investment decisions, pricing strategies, and operational activities affect the financial health of an organization.
Course Modules
1. Introduction to Financial Fundamentals
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The importance of financial literacy for business professionals
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Basic accounting principles and concepts
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Financial terminology and key definitions
2. Understanding Financial Statements
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Overview of the balance sheet, income statement, and cash flow statement
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How to analyze financial statements to assess business health
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Key financial ratios and what they reveal about performance
3. Budgeting and Financial Planning
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Fundamentals of budgeting and forecasting
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Managing costs and optimizing resource allocation
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Variance analysis: Tracking financial performance against budgets
4. Cash Flow and Working Capital Management
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Understanding the difference between profit and cash flow
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Strategies for maintaining healthy cash flow
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Managing receivables, payables, and inventory efficiently
5. Cost Management and Break-even Analysis
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Fixed vs. variable costs and their impact on profitability
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Pricing strategies and their financial implications
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Break-even analysis: Determining when a business becomes profitable
6. Investment Decisions and Business Growth
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Evaluating financial feasibility of new projects
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Understanding return on investment (ROI) and financial risk assessment
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Financial strategies for sustainable business growth
7. Financial Risk and Compliance
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Identifying common financial risks and how to mitigate them
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Introduction to corporate governance and financial regulations
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Ethical considerations in financial decision-making
Why You Should Attend
✔ Learn finance in a simple, practical way without complex jargon
✔ Make informed decisions that positively impact your organization’s financial health
✔ Improve your ability to manage budgets and control costs
✔ Build confidence in discussing financial matters with accountants and finance teams
✔ Strengthen your strategic decision-making skills using financial data
Course Delivery Method
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Instructor-led Training (Virtual or In-Person)
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Real-life Case Studies & Practical Exercises
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Interactive Discussions & Q&A Sessions
