The Finance for the Non-Financial Manager

The Finance for the Non-Financial Manager short course explains the fundamentals of finance, including an understanding of standard financial statements and operational messages that can be derived from them.

"Finance for the Non-Financial Manager" is a course designed to provide individuals who may not have a background in finance with the essential financial knowledge and skills needed to understand and contribute to the financial management of an organization. This type of course is often valuable for managers and professionals from non-finance backgrounds who need to make informed decisions that impact the financial health of their departments or organizations. The content of such a course may include:

  1. Introduction to Financial Management:
    • Understanding the role and importance of financial management in an organization.
    • Overview of financial decision-making processes.
  2. Financial Statements:
    • Understanding key financial statements - income statement, balance sheet, and cash flow statement.
    • Interpreting financial statements to assess the financial performance of a company.
  3. Budgeting and Forecasting:
    • Basics of budgeting and forecasting.
    • Developing and managing budgets for departments or projects.
  4. Cost Management:
    • Understanding different types of costs (fixed, variable, direct, indirect).
    • Cost analysis and cost management strategies.
  5. Cash Flow Management:
    • Importance of cash flow in business operations.
    • Techniques for managing and improving cash flow.
  6. Financial Analysis:
    • Introduction to financial ratios and their interpretation.
    • Analyzing financial data to make informed decisions.
  7. Capital Budgeting:
    • Basics of capital budgeting and investment appraisal.
    • Evaluating the financial viability of projects and investments.
  8. Risk Management:
    • Understanding financial risks and their impact on decision-making.
    • Basic risk management strategies.
  9. Financial Planning and Strategy:
    • Aligning financial goals with overall organizational strategy.
    • Long-term financial planning.
  10. Communication of Financial Information:
    • Effective communication of financial information to non-financial stakeholders.
    • Presenting financial information in a clear and understandable manner.
  11. Regulatory and Compliance Considerations:
    • Overview of financial regulations and compliance requirements.
    • Understanding the legal and ethical aspects of financial management.
  12. Practical Case Studies:
    • Applying financial concepts to real-world scenarios.
    • Problem-solving and decision-making exercises.

The aim of the course is to empower non-financial managers with the knowledge and confidence to participate in financial discussions, contribute to decision-making processes, and understand the financial implications of their actions within an organization.

Who is it for?

This programme is designed for managers who need a basic understanding of the principles of finance to support decision making and business understanding.  

Entry requirements

There are no formal entry requirements, this programme is ideal for anyone interested in, or required to use and analyse financial statements to aid decision-making.

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