Finance for Non-Finance Training Course

Course Outline

Module 1: Introduction to Finance

• Importance of Finance in Business Decision-Making
• Key Financial Terminologies
• Basic Accounting Principles and Concepts

Module 2: Understanding Financial Statements

• Balance Sheet: Structure and Components
• Income Statement: Revenue, Expenses, and Profit
• Cash Flow Statement: Operating, Investing, and Financing Activities
• Connecting Financial Statements

Module 3: Financial Ratios and Analysis

• Liquidity Ratios
• Profitability Ratios
• Efficiency Ratios
• Solvency Ratios

Module 4: Budgeting and Forecasting

• Basics of Budget Preparation
• Types of Budgets: Operating vs. Capital
• Forecasting Techniques
• Variance Analysis

Module 5: Financial Decision-Making Tools

• Cost-Benefit Analysis
• Break-Even Analysis
• Time Value of Money: Present Value and Future Value
• Basics of Investment Appraisal: NPV, IRR, and Payback Period

Module 6: Managing Financial Risks

• Understanding Financial Risks
• Tools for Risk Management
• Scenario and Sensitivity Analysis

Module 7: Practical Applications and Case Studies

• Analyzing Real-Life Financial Statements
• Hands-On Exercises on Budgeting
• Case Studies: Financial Decision-Making in Different Industries

Course Objectives

1. To demystify financial concepts and principles for non-finance professionals.
2. To provide participants with the ability to read and interpret financial statements.
3. To equip participants with tools for analyzing financial performance and making informed decisions.
4. To enhance participants’ understanding of budgeting, forecasting, and financial planning.
5. To empower participants to apply financial concepts to practical scenarios in their workplace.

Learning Outcomes

By the end of this course, participants will:

1. Understand fundamental financial concepts and terminologies.
2. Confidently analyze financial statements to assess an organization’s financial health.
3. Use financial ratios and tools to evaluate performance and support decision-making.
4. Prepare and monitor budgets and perform variance analysis.
5. Apply financial principles to solve business problems and make data-driven decisions.
6. Communicate effectively with finance professionals within their organization.

Training Methodology

1. Interactive Lectures: Explain key concepts using relatable examples and visuals.
2. Hands-On Exercises: Provide real-world financial statements, templates, and tools for participants to practice.
3. Case Studies: Discuss practical scenarios from various industries to enhance understanding and relevance.
4. Group Discussions: Encourage collaboration and sharing of insights to reinforce learning.
5. Simulations and Role-Playing: Facilitate decision-making exercises to mimic real-life situations.
6. Quizzes and Feedback Sessions: Assess knowledge retention and provide constructive feedback.