FINANCE FOR NON FINANCE PROFESSIONALS

OVERVIEW

When it comes to terms like balance sheet, cash flow, depreciation, and at worse, budgets, many of us are likely to flinch. Though these are quite significant concepts for professionals to understand so as to succeed in a competitive business environment. Fear not; these financial terminologies are not as frightening as they might seem to you.

COURSE OUTLINE

To lessen your stress, Xceed Academy offers a finance course for non-finance professionals working in the various functional area with limited knowledge and less experience in finance. If you are willing to improve your financial acumen, this course is appropriate for you. The financial knowledge offered through this course enables leaders and managers to ask appropriate questions assessing the financial implications of decisions taken. Besides, this course will equip you with skills to make informed strategic decisions.

LEARNING OBJECTIVES

Once you successfully complete this finance training course, you will be able to:

  • Easily understand the varying finance functions, key tasks involved in finance, important financial concepts, and terms
  • Determine the key role of finance in a firm’s operations and how each component fits in with other elements
  • Discuss several financial reports, including balance sheets, income statements, retained earnings statements, and cash flow statements
  • Differentiate between finance and accounting and explain the role of finance in running a business smoothly
  • Understand and learn to prepare the firm’s operating budget while relating it to the strategic objectives of the organisation and applying capital budgeting and cost-volume profit analysis techniques to improve decision-making.

INSTRUCTIONAL METHODOLOGY

  • Instructor-led and Group Live Classroom
  • PowerPoint presentations having pointed breaks to kindle discussion among participants
  • Classroom participation activities will include the following:

     

    • Management Case Studies
    • Ice-Breakers and Energizers
    • Guided Group Discussions
    • Focused Video Playback
    • Live Finance and Accounting Exercises

PRE-REQUISITES

  • Employees and experts who are involved in reading, assessing, and working on financial decisions and their implications in the organisation
  • Corporate practitioners such as consultants, specialists, supervisors, managers, as well as employees with limited experience in finance and wish to enhance their competence and functional expertise.

COURSE STRUCTURE AND AGENDA

Module – 01

UNDERSTANDING FINANCE

  • Understanding Finance
  • What does financial function mean?
  • Key responsibilities of the finance function
  • Introduction to financial plans of the organisation
  • Significance of finance in an organisation
  • Key concepts and terms in finance
  • Introduction to Accounting and its types
  • Differences between Finance and Accounting
Module – 04

WORKING WITH OPERATING BUDGET

  • Introduction to the operating budget
  • Steps to budget development
  • Key approaches to the operating budget
  • Zero-based budgeting
  • Incremental budgeting
  • Practical exercise
Module – 02

KEY IMPORTANT FINANCIAL STATEMENTS

  • Introduction to the Accounting Cycle
  • Types of Financial statements
  • Balance sheet
  • Income statement
  • Vertical, horizontal, and trend analysis
  • Cash flow statements
  • Introduction to financial ratios
  • Key financial ratios:-

     

    • Profitability ratios
    • Liquidity ratios
    • Solvency ratios
    • Activity ratios
Module – 05

CAPITAL BUDGETING

  • Understanding Capital Budgeting
  • Introduction to the Time value of money
  • Cash inflows capital projects
  • Cash outflows for projects
  • Internal rate of return
  • Calculation of net present value
  • Practical exercises
Module – 03

WORKING CAPITAL MANAGEMENT

  • Introduction to working capital
  • Understanding working capital management
  • Significance of managing working capital
  • Strategies of working capital management- current assets
  • Strategies for working capital management- liabilities trade-off
Module – 04

WORKING WITH OPERATING BUDGET

  • Introduction to the operating budget
  • Steps to budget development
  • Key approaches to the operating budget
  • Zero-based budgeting
  • Incremental budgeting
  • Practical exercise
Module – 05

CAPITAL BUDGETING

  • Understanding Capital Budgeting
  • Introduction to the Time value of money
  • Cash inflows capital projects
  • Cash outflows for projects
  • Internal rate of return
  • Calculation of net present value