Finance is the backbone of any organization. A team euipped with various financial decision making tools can bring better result to drive your organizations’s growth, visualize the impact of your financial decisions and your unit’s as well as your organizations profitability.
This 2 day session will enable the managers across the board to gain a basic understanding of finance and accounting and general financial knowledge and
an in-depth understanding of the impact of your decisions outside your functional area. Understand how to develop plans that result in success.
Who Should Attend
Operation Managers Business Unit Head Training Manager
HR & Recruitment Managers
Marketing Managers Line Managers
Project / Program Managers
Benefits of Attending
The content of the course includes selected aspects of finance from a non-financial specialist perspective. Specific topics include: financial analysis; planning, forecasting, and budgeting; cash flow, and strategic financing. This class will be interactive and will require the active involvement of the participants in finance related activities.
Explain the importance of finance and interpretation of financial information that will help the senior manager to analyze the financial health of the organisation
Apply the concepts of accounting and finance to analyze financials and help other to understand the same.
Learn about key accounting and finance terms that is used on daily basis
Examine financial statements by using key ratios and create MIS for senior management .
Explain the importance of budgeting process and take part actively in annual and periodic budgeting and control activity.
Understanding the accounting cycle, The five main accounts in financial statements, Income statement: tool for performance measurement, Accrual basis versus cash basis, Balance sheet: tool for financial position, The balanced status, Statement of owners’ equity, Statement of cash flows: cash is king
Analysis of Financial Statements
Why are ratios useful, Horizontal and trend analysis, Vertical analysis: common size statements, Liquidity ratios: ability to settle short-term dues, Solvency ratios: ability to settle long-term dues, Activity ratios: ability to manage assets efficiently, Profitability ratios, Limitations of financial ratio analysis
Working Capital Management
Definition of working capital and working capital management, Working capital management strategies for current assets –Balancing profitability and liquidity, Working.
Concept of Financial Management
Accounting versus finance: rules and responsibilities, Three pillars of finance, Financing decisions, Investing decisions, Operating decisions
Breakeven Analysis and Decision Making
Defining fixed costs, Defining variable costs, Contribution margin formula, Computing breakeven point, Sensitivity analysis: changing assumptions Operating Budget Process and Techniques
What is an operating budget, Steps to budget development, Master budget components, Sales forecasting, Approaches to budgeting, Incremental budgeting, Zero-based budgeting, Budgetary control and correction
Capital Budgeting: The Investing Decisions Examples of exercises involving capital budgeting exercise, Time value of money: a prerequisite for investing decisions, Required rate of return for investments, Examples of cash outflows for capital projects, Examples of cash inflows for projects, Net
Feedback From Past Participants
“It helps to get first hand idea on how to take financial decision”
“This session helped our department to know where were we falling in profit”
“This financial acumen not only help you in work but also in personal financial decision”
“Our managers are now financially smarter then before”