Training Course on Financial Management for Non-Finance Executives

Course Overview

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.

Target Audience:

Non-finance executives, managers, and leaders from various departments

Individuals seeking a foundational understanding of financial management principles in a non-finance role.

Course Duration

Online Training: 5 days (3-4hrs a day)

Classroom Training: 5 days (7hrs a day)

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: This outline provides a general structure for the training. The specific content, activities, and duration of each session may be adjusted based on the target audience, learning objectives, and available time.