Course Outline
This course is designed to demystify finance, for managers without a financial background.
Managers will gain a clear understanding of financial terminology and the skills to interpret essential financial reports. This course involves exploration of key financial concepts and practical applications, enhancing both personal and organisational performance.
Benefits to Employees
- Enhanced Decision-Making: Improved ability to make informed decisions by understanding financial metrics and statements.
- Improved Budget Management: Better skills in creating and managing budgets aligned with organisational goals.
- Professional Development: Strengthens financial literacy, empowering participants to make more informed decisions and enhance career prospects.
- Better Communication with Financial Teams: More effective interaction with finance teams and meaningful contribution to financial discussions.
Benefits to your Business
- Improved Financial Oversight: Better financial understanding among managers leads to more accurate and insightful financial oversight.
- Enhanced Budget Control: More effective budget management ensures resources are allocated efficiently and financial goals are met.
- Greater Strategic Alignment: Non-finance managers can align departmental strategies with overall financial objectives, improving organisational coherence.
- Increased Cross-Departmental Collaboration: Improved communication between finance and other departments fosters better collaboration and project execution.
Key Learning Outcomes
- Understand and Interpret financial statements.
- Master financial communication and technology.
- Differentiate between profit and cash flow.
- Learn financial management techniques.
- Play an integral role in setting budgets and shaping financial strategies.
Key Areas of Focus
- Financial statements and their interpretation.
- Key financial information and its relevance.
- Financial communication and terminology.
- Profit and cash flow management.
- Budgets and financial strategy.
- Course content highlights.
- Basic principles of finance and their application in business.
- Managing and improving cash flow and profit margins.
- Break-even analysis and strategies to enhance financial outcomes.
- Combining financial and non-financial measures for comprehensive business evaluation.
- Developing financial strategies and setting budgets to increase organisational value.
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