Synopsis

If you are responsible for setting goals, making informed choices, and steering teams in the right direction, without a solid grasp of financial principles, these crucial tasks can become challenging, and even perilous. Our “Finance for Non-Finance Professionals” course is designed to equip professionals with the knowledge and capabilities necessary to excel in their roles and to empower entrepreneurs to navigate the financial aspects of their ventures.

Our program takes a hands-on and practical approach to financial education. Learners will engage in interactive activities and real-world examples that mirror the challenges faced in the workplace. Whether you are a non-finance manager looking to excel in your role or an entrepreneur aiming for business success, this course equips you with the essential financial skills to confidently steer your journey towards prosperity.

Course Objectives

These are the objectives that come with financial literacy:

1. Enhanced Decision-Making:

Understanding financial data enables professionals to make more informed and strategic decisions. It provides clarity on the financial implications of various choices, ultimately leading to better outcomes.

2. Efficient Resource Allocation:

Effective management of budgets and resources is pivotal for professionals. Financial skills empower these professionals to optimally allocate resources, thereby increasing efficiency and productivity within their teams.

3. Risk Management:

Financial acumen allows managers to identify potential risks, assess their impact, and implement risk-mitigation strategies. This skill is invaluable for safeguarding an organisation’s financial stability.

4. Improved Communication:

The ability to communicate financial information clearly and confidently with stakeholders, including team members and investors, fosters trust and enhances leadership.

5. Entrepreneurial Success:

For entrepreneurs, financial skills are the bedrock of sustainable business success. They enable entrepreneurs to:

• Make informed investment decisions.
• Develop realistic financial plans and forecasts.
• Secure funding and manage cash flow effectively.
• Navigate the challenges of business scaling.

Target Audiences

The “Finance Skills for Non-Finance Managers” program is designed to benefit a wide range of professionals across various industries.

Non-Finance Managers:

They often find themselves in leadership roles where they need to make crucial decisions that have financial implications. This program equips them with the financial knowledge and skills required to make informed choices, allocate resources effectively, and communicate financial information with confidence.

Non-finance managers who complete this program are positioned for career growth and leadership roles. They become assets to their organisations by contributing to strategic planning, risk mitigation, and resource optimization. Their newfound financial acumen enhances their credibility and opens doors to higher-level positions.

Entrepreneurs and Small Business Owners:

Entrepreneurs often have limited resources and need to make financially sound decisions to ensure their business’s survival and growth. This program provides them with the financial knowledge necessary to manage cash flow, budget and plan for the future.

Business owners who complete this program gain a competitive edge. They can navigate financial challenges with confidence, secure funding, and develop realistic business plans. These skills are instrumental in achieving entrepreneurial success and sustainability.

Professionals in Transition:

Professionals looking to transition into management roles or explore new career opportunities can benefit from this program by gaining essential financial skills that make them more versatile and marketable.

Professionals in transition can use the financial skills acquired in this program to stand out during job interviews and demonstrate their ability to contribute to an organisation’s financial success, making them attractive candidates for managerial positions.

Course Outline

Part 1: Financial Management Fundamentals

• Financial Principles
• Financial Statements
• Financial Analysis

Part 2: Understanding the Annual Report

• Components of the report
• Link to business
• Alignment of strategy and finance

Part 3: Develop Financial Budgets and Plans

• Strategic Planning Process
• Budget Planning
• Forecasting

Part 4: Evaluating Project Feasibility

• Contribution
• Break-even analysis