Day 1:
Foundations of Finance
Introduction to Financial Statements (Balance Sheet, Income Statement, Cash Flow Statement).
Key Financial Terminologies and Their Practical Applications.
Understanding Revenue, Expenses, Assets, and Liabilities.
Case Study: Interpreting Financial Health Through Real-World Examples.
Day 2:
Budgeting and Forecasting
Principles of Budget Preparation and Allocation.
Techniques for Accurate Financial Forecasting.
Managing Variances Between Actual and Projected Figures.
Workshop: Creating a Departmental Budget Plan.
Day 3:
Financial Analysis and Decision-Making
Introduction to Financial Ratios (Liquidity, Profitability, Leverage).
Evaluating Return on Investment (ROI) for Projects and Initiatives.
Break-Even Analysis and Its Role in Strategic Planning.
Group Activity: Analyzing a Business Case Using Financial Metrics.
Day 4:
Cost Management and Optimization
Fixed vs. Variable Costs: Implications for Business Decisions.
Strategies for Reducing Operational Costs Without Compromising Quality.
Activity-Based Costing and Its Applications.
Interactive Session: Identifying Cost-Saving Opportunities.
Day 5:
Communicating Financial Insights
Presenting Financial Data Effectively to Non-Financial Stakeholders.
Storytelling with Numbers: Making Complex Data Accessible.
Best Practices for Writing Financial Reports and Proposals.
Final Exercise: Delivering a Financial Presentation to Peers.
