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Introduction

In today’s fast-paced business world, financial literacy has become an essential skill for professionals in every field.

However, not everyone has a background in finance or accounting.

For managers, understanding basic financial principles is crucial for making informed decisions, evaluating performance, and contributing to organizational success.

This course, Financial Management for Non-Financial Managers, is designed specifically for professionals who do not have a formal finance background but need to navigate financial concepts and processes in their management roles.

The course provides participants with a solid understanding of financial management principles and their application in business settings.

Through practical examples, exercises, and real-world case studies, it equips managers with the tools they need to make better financial decisions, improve budgeting and forecasting, assess financial statements, and enhance their communication with financial experts.

By the end of this course, participants will be empowered to confidently manage finances, optimize resource allocation, and contribute to the overall strategic goals of their organizations.

By the end of the course, participants will leave with a solid grasp of financial management fundamentals, making them more capable of contributing to their organization’s financial goals and improving their decision-making in their daily work.

Objectives

By the end of the Financial Management for Non-Financial Managers course, participants will:

Enhance Financial Literacy: Enable non-financial managers to understand and interpret key financial concepts and documents such as financial statements, balance sheets, profit and loss accounts, and cash flow statements.

Improve Decision-Making: Equip managers with the knowledge to make more informed decisions related to financial performance, resource allocation, and budgeting.

Master Budgeting and Forecasting: Provide the skills necessary to develop and manage realistic budgets, track performance, and adjust forecasts for optimal business planning.

Develop Analytical Skills: Develop the ability to critically analyze financial data and apply insights to improve business operations, reduce costs, and drive profitability.

Effective Communication with Financial Experts: Foster better communication between non-financial managers and finance teams, helping to bridge the knowledge gap and ensure collaboration in achieving financial objectives.

Who Should Attend?

This course is ideal for professionals in managerial or leadership roles who have little to no formal training in finance but wish to gain a fundamental understanding of financial management. It is particularly beneficial for:

Non-financial managers: Managers in operational, HR, marketing, or sales departments who need to make informed decisions that impact the financial health of the organization.

Project Managers: Professionals responsible for budgeting and managing project finances.

Team Leaders: Individuals who are tasked with overseeing team resources and ensuring financial goals are met within the organization.

Aspiring Managers: Those aiming to take on managerial roles and seeking to build a solid foundation in financial concepts.

Executives: Senior leaders who may lack detailed financial knowledge but wish to improve their ability to communicate with the finance department.

Training Method

Program Support

Course Agenda