Training Course on Financial Management for Non-Finance Executives (AFC005)
Training Course on Financial Management for Non-Finance Executives
Financial management is a critical aspect of business operations, impacting decision-making across all levels of an organization. This comprehensive workshop is tailored specifically for non-finance executives who seek to strengthen their understanding of financial principles, tools, and strategies to drive organizational success. Through interactive sessions, case studies, and practical exercises, participants will gain the knowledge and confidence to contribute effectively to financial discussions and decision-making processes within their respective roles.
Course Duration
Online Training: 5 days (4hrs per day)
Classroom Training: 5 days (7hrs per day)
Course Objectives
By the end of this training, participants will be able to:
- Understand key financial management principles and terminology relevant to non-finance roles.
- Interpret and analyze core financial statements (Income Statement, Balance Sheet, Cash Flow Statement).
- Apply key financial ratios to evaluate organizational performance.
- Develop and manage departmental budgets effectively.
- Use forecasting techniques to support planning and decision-making.
- Evaluate investment opportunities using NPV, IRR, and payback period methods.
- Understand cost behavior and apply cost control techniques to improve profitability.
- Identify financial risks and contribute to risk mitigation strategies.
- Manage working capital components including receivables, payables, and inventory.
- Make informed decisions by assessing financial implications of strategic initiatives.
- Communicate effectively and collaborate productively with finance teams.
- Promote ethical financial practices within their departments.
Organisational Impact
Organizations whose executives attend this training will benefit from:
- Improved Cross-Departmental Financial Awareness – Non-finance managers better understand financial implications of their decisions.
- Stronger Financial Decision-Making – More strategic, data-driven decisions aligned with organizational goals.
- Enhanced Budget Discipline – Better departmental budget planning, monitoring, and cost control.
- Improved Profitability and Cost Efficiency – Managers able to identify cost drivers and optimize resource utilization.
- Reduced Financial Risks – Increased awareness and proactive management of financial exposures.
- Better Investment Decisions – More rigorous evaluation of projects and capital expenditures.
- Stronger Collaboration with Finance Teams – Improved communication reduces misunderstandings and inefficiencies.
- Improved Cash Flow Management – Greater oversight of receivables, payables, and operational cash cycles.
- Ethical Financial Governance – Reinforced culture of accountability and financial integrity.
Personal Impact
Participants will gain:
- Financial Confidence – Ability to actively participate in financial discussions and meetings.
- Improved Analytical Skills – Competence in interpreting financial reports and performance indicators.
- Better Budgeting Skills – Practical ability to prepare, justify, and manage departmental budgets.
- Investment Evaluation Competence – Understanding of financial tools used in capital decision-making.
- Enhanced Strategic Thinking – Ability to align operational decisions with financial outcomes.
- Risk Awareness – Skills to recognize and respond to financial risks within their functional areas.
- Stronger Leadership Capability – Greater credibility when engaging with senior management and finance professionals.
- Career Advancement Opportunities – Broader managerial competence across business functions.
- Ethical Decision-Making Skills – Increased awareness of financial integrity and compliance issues.
Course Outline
Module 1: Introduction to Financial Management
- Importance of financial management for non-finance executives
- Overview of key financial concepts
- Link between financial management and organizational success
Module 2: Financial Statements Demystified
- Understanding financial statements (Income Statement, Balance Sheet, Cash Flow Statement)
- Analyzing financial statements for decision-making
- Key financial ratios and their interpretation
Module 3: Budgeting and Forecasting
- Introduction to budgeting as a planning tool
- Creating and managing budgets
- Forecasting techniques and their application
Module 4: Capital Budgeting and Investment Decisions
- Evaluating investment opportunities
- Net present value (NPV), internal rate of return (IRR), and payback period
- Making sound investment decisions
Module 5: Cost Management and Control
- Types of costs in organizations
- Cost-volume-profit (CVP) analysis
- Controlling costs and improving profitability
Module 6: Financial Risk Management
- Identifying financial risks
- Strategies for managing financial risks
- Role of non-finance executives in risk management
Module 7: Working Capital Management
- Importance of effective working capital management
- Managing receivables, payables, and inventory
- Cash flow forecasting and optimization
Module 8: Financial Decision-Making
- Analyzing financial data for decision-making
- Evaluating financial implications of strategic decisions
- Case studies on financial decision-making
Module 9: Communication and Collaboration with Finance Teams
- Effective communication with finance professionals
- Collaborating on budgeting and financial planning
- Bridging the gap between finance and other departments
Module 10: Ethical Considerations in Financial Management
- Understanding ethical dilemmas in finance
- Promoting ethical behavior in financial decision-making
- Case studies on ethical challenges in finance
Note: The specific content, activities, and duration of each session may be adjusted based on the target audience, learning objectives, and available time.
Course Language
English
Training Methodology
This course adopts a highly practical and executive-focused learning approach, including:
- Interactive Lectures – Clear explanation of financial concepts in simple, non-technical language.
- Real-Life Case Studies – Analysis of practical business scenarios to strengthen understanding.
- Financial Statement Workshops – Hands-on exercises in reading and interpreting financial reports.
- Group Discussions – Peer learning and experience sharing across departments.
- Practical Budgeting Exercises – Simulated budgeting and forecasting activities.
- Investment Appraisal Simulations – Application of NPV, IRR, and payback calculations.
- Problem-Solving Sessions – Addressing cost control and financial risk challenges.
- Role Plays – Simulated collaboration between finance and non-finance teams.
- Action Planning – Participants develop strategies to apply financial management principles in their roles.
Certification
Upon completion of training, the participant will be issued with a certificate of Completion.
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