Finance for Non-Finance Managers
Course Description
This course
enables professionals, especially from functional areas other than finance such
as sales, marketing, human resource, research and development, production,
procurement, to gain an extensive working knowledge of critical financial
principles in an easy-to-follow manner, enabling them to make critical business
decisions involving cost-savings, budgets, new projects decisions, growth
strategies and so on. Participants are able to understand and analyze financial
statements as well as grasp the basic fundamentals of finance and accounting.
Course objectives
After successful completion of this course, candidates should be able to:
- Acquire an
understanding of the sources of financial information;
- Understand
the current financial position of the organization through the review of key
concepts of financial information and analyzing the financial flow trends;
- Explore the
driving forces behind financial information;
- Recognize the
importance of cash flow and cash management;
- Appreciate
the essence and management of working capital;
- Explore
costing concepts and recognize how the controls determine profit;
- Costing:
Essential tools for effective management;
- Recognize the
importance of planning and budgetary controls;
- Discover the
positive management of cash and the impact of the cash cycle to their
operations;
- Enhance their business communication with leaders by providing a comprehensive awareness on financial and accounting information presented to them.
Who should attend?
- Managers,
senior managers, middle level executives in non-financial positions who need to
improve their financial skills in order to make critical business decisions
involving cost savings, budgets, new projects, growth strategies, etc. ;
- This course
can also potentially benefit entrepreneurs who are required to make daily
business decisions regarding their companies;
- The program is appropriate for self-employed professionals such as lawyers, medical practitioners, and non-financial managers across different industries, both in the public and private sector.
Topics we will cover:
- The role and structure of finance in management;
- Financial statements, its structure and elements;
- Fundamentals of Management Accounting;
- Accounting overview of selected financial statements line
items (receivables, payables, inventory) ;
- Budgeting and forecasting as an effective financial
management;
- Performing and interpreting ratio analysis;
- Evaluation of investments.
Certificate
- Upon completion of the
training, the participants will be awarded with a certificate by Baker Tilly Academy.
- Course Language: Azerbaijan
- Course Duration: 16 hours
