ADVANCE FINANCE FOR NON FINANCE MANAGERS

OVERVIEW

Learn advance financing easily with Xceed Academy’s training course of advance finance for non-finance managers and effortlessly understand and deal in all financial aspects of your company.

Developed for managers and supervisors with limited knowledge and education about financing and want to enhance it to the expert level. Our advance finance for non-finance managers will help you understand all important concepts about finances and financial terms such as Balance Sheets, Cash Flow, Depreciation, CAPEX, OPEX and Budgeting.

This course will help all managers and supervisors in understanding and assessing the financial involvement in their company.

COURSE OUTLINE

This accounting and finance training course has been designed for non-financial staff by combining the practice and theory of fundamental financial concepts. The course outline includes the following courses:

  • Cash Flow
  • Balance Sheet
  • Loss Statement
  • Working Capital
  • OPEX
  • CAPEX
  • Profit
  • Budgeting
  • Depreciation

ELIGIBILITY CRITERIA

This course is intended for, Business Heads, Functional Leaders involved in interpreting, reading and making financial decisions in a company. The Managers, Section Heads, Supervisors and other Company Heads who want to advance their expertise towards their company’s financial aspect are also eligible to take this course.

COURSE STRUCTURE AND AGENDA

Module – 01

UNDERSTANDING FINANCE

  • What are the financial functions?
  • Major responsibilities of the finance function
  • Recognizing the organizational financial plans
  • Key terms and concepts used in an organization
  • Learning Accounting and its types
  • Differentiating between Accounting and Finance
  • Understanding Auditing and its implications
  • Reality check – What do we know?
Module – 02

KEY FINANCIAL STATEMENTS

  • What statements must a manager understand?
  • Understanding the accounting cycle
  • The five main accounts in financial statements
  • Income statement
  • Accrual basis versus cash basis
  • Balance sheet
  • balanced status
  • Statement of owners’ equity
  • Statement of cash flows
  • Understanding financial ratios
  • Horizontal, vertical and trend analysis
  • Common size financial statements
  • Key ratios to work with for managers –
    • Profitability ratios
    • Liquidity ratios
    • Solvency ratios
    • Activity ratios
Module – 03

WORKING CAPITAL MANAGEMENT

  • Understanding working capital
  • Definition of working capital management
  • Importance of managing working capital effectively
  • Strategies for working capital management – Current assets
  • The challenge – Balancing profitability and liquidity
  • Strategies for working capital management – Current liabilities trade-off
Module – 04

WORKING WITH THE OPERATING BUDGET

  • Recognizing the operating budget
  • Key Steps to budget development
  • Master budget components
  • Understanding Sales forecasting
  • Approaches to budgeting
  • Incremental budgeting
  • Zero-based budgeting
  • Budgetary control and correction
  • Practical Exercise
Module – 05

WORKING WITH CAPITAL BUDGETING

  • What is Capital Budgeting?
  • Key investing decisions
  • Understanding the Time value of money
  • Required rate of return for investments
  • Cash outflows for capital projects
  • Cash inflows for projects
  • Net present value calculation
  • Internal rate of return
  • Practical Exercises

COURSE METHODS

To keep the participants engaged and involved, different methodologies are implemented that include:

  • Group Live Sessions
  • PowerPoint Presentations
  • Professor-led Classroom Track
  • Stimulating Discussions with Students
  • Other Engaging Activities Include
  • Video Playbacks
  • Case Studies About Management
  • Ice Breakers
  • Energizers
  • Live Financing Exercises
  • Live Accounting Exercises

WHAT WILL YOU LEARN?

At the end of this training course, all participants would be able to:

  • Learn all kinds of financial terms and concepts, key financial tasks and useful financial functions
  • Understand and decide the financial operations in their company
  • Determine the difference between finance and accounting and discuss the organizational financial role
  • Learn to prepare and interpret an operating budget for the company effortlessly
  • Apply the cost volume profit analysis and capital-budgeting technique to improve their financial decision making
  • To proficiently discuss all types of financial reports that include Balance Sheets, Statement of Earnings, Income Statements and Cash Flow Statements

END ASSESSMENT

The participants are assessed pre-course as well as post-course for:

  • Pre-assessment to determine the starting level of the participant and deliver the Customized Training and Conceptual Course
  • There are other Session-Based Reflective Quizzes, Practical Exercises and Evaluation
  • The end of course assessment is in a test or exam environment to ensure the course learning and retention.