In today’s fast-paced business environment, executives must understand the importance of finance. This course will provide participants with a basic understanding of finance fundamentals, including cash flow and profitability. It explains how to use financial reports to make informed decisions and helps participants develop a working knowledge of financial statement analysis.
Non finance teams often don’t have a thorough understanding of the company’s revenue and performance. Conversations about performance often focus on individual efforts, rather than the company’s overall financial performance. To be able to communicate performance effectively, non-finance team members must be familiar with basic financial concepts.
Finance for non-financial managers provides the foundational tools that managers need to make strategic decisions. These tools include financial analysis, cost reduction strategies, budgeting, forecasting, and project evaluation. They also provide an understanding of the organization’s financial performance so that managers can understand the implications of their actions.
Finance for non-finance professionals can be a valuable tool for enhancing knowledge and fluency in business. A thorough understanding of finance helps professionals make informed decisions and make better decisions. It gives non-finance professionals the ability to analyze financial statements, improve productivity, and create shareholder value. It also provides the necessary tools to evaluate investments and identify potential risks and opportunities.
While understanding finance is essential for business success, non-financial managers often have trouble interpreting financial data and communicating their findings to stakeholders. This three-day course is designed for non-financial professionals and gives them a structured approach to understanding financial statements and corporate finance techniques. They will also gain insight into the mathematical concepts used in financial planning and forecasting.