Day 1: Introduction to Financial Management
Overview of Financial Management and its Importance
Key Financial Statements: Income Statement, Balance Sheet, and Cash Flow Statement
Understanding Financial Ratios and Their Interpretation
Introduction to Financial Terminology: Assets, Liabilities, Revenue, Expenses, and Profit
Day 2: Budgeting and Forecasting for Managers
Fundamentals of Budgeting: Types of Budgets and Budgeting Process
Developing and Managing Budgets: Techniques for Accurate Forecasting
Variance Analysis: Understanding Budget vs. Actual Performance
Cash Flow Management: Ensuring Liquidity and Operational Efficiency
Day 3: Interpreting Financial Statements
Understanding the Balance Sheet: Key Components and How to Read It
Profit and Loss Statement: Analyzing Profitability and Cost Management
Cash Flow Statement: Analyzing Cash Inflows and Outflows
Applying Financial Data to Operational Decisions
Day 4: Cost Control and Profit Maximization
Understanding Cost Structures: Fixed, Variable, and Semi-Variable Costs
Cost-Volume-Profit Analysis: Making Informed Pricing and Production Decisions
Identifying Areas for Cost Reduction and Efficiency Improvements
Financial Performance Metrics: Return on Investment (ROI), Profit Margins, and Breakeven Analysis
Day 5: Communicating Financial Information and Decision-Making
Effective Communication with Financial Teams and Stakeholders
Understanding Financial Reports and Presenting to Non-financial Audiences
Strategic Decision-Making Based on Financial Data
Key Takeaways and Action Plan: Applying Financial Knowledge to Business Challenges
