Finance for Non Finance Executives course

Introduction

Financial knowledge and skills are fundamental to any managerial position. From understanding financial statements to analysing them, from cost impacts to variance analysis, from decision making to budgeting, this training course gives hands-on practical experience to non-financial managers to understand the concepts and techniques to help them in key decision-making areas, which in turn gives impetus to the bottom line of the business.

Financial information can give a clear picture of incidences that have happened, and a sound basis for forecasting future events. It can also display whether activities are cost-effective, whether objectives and targets have been met, and can be used to gauge and measure comparative performance and profitability.

This training course will empower you to be prepared to make more powerful and informed business decisions. From understanding the essence of cash flow to learning how to create value on a corporate level. This program covers all major principles of corporate finance.

Course content

Module 1 – Basic Accounting Concepts

•          The Accounting Process
•          Cash Vs. Mercantile Accounting
•          Accrual Concept
•          Stock Valuation – FIFO Vs. LIFO
•          Types of Accounting
•          Revenue Recognition
•          Cap-ex. vs. Op-ex.
•          Understanding of Depreciation/Amortization
•          Tangible vs. Intangible vs. Capital W-I-P
•          Current vs. Non-current

Module 2 – Introduction to Financial Statements

•          Profit & Loss Account including OCI
•          Balance Sheet and SOCIE
•          Cash Flow Statement
•          Notes to Accounts

Module 3 – Financial Statement Analysis

•          P&L Statement Analysis
•          Balance Sheet Analysis
•          Funds Flow Analysis
•          Ratio Analysis
•          Trend Analysis
•          Common Size Analysis

Module 4 – Working Capital Management

•          Concept of Working Capital
•          Managing Inventory and Trade Receivables
•          Managing Trade Payables
•          Budgeting and Working Capital Management

Module 5 – Capital Budgeting

•          Capital Expenditure Evaluation
•          NPV Technique
•          IRR Technique
•          Pay Back Method
•          Risk Analysis

Module 6 – Cost Management and Costing Techniques

•          Cost Concepts
•          Various Costing Methods
•          Breakeven Analysis
•          Costing Vs. Budgeting
•          Strategic cost management

Module 7 – Revenue Management

•          Revenue Recognition and possible revenue leakages
•          Revenue Vs. Trade Receivables
•          Revenue Vs. Trade Payables
•          Revenue Vs. Foreign Exchange Management

Module 8 – Introduction to IFRS

•          Introduction to the concept of Accounting Standards
•          Generally applicable IFRS
•          Discussion on Specific IFRS

Module 9 – Use of Advanced Excel

•          Assessing Financials with Formulas in excel
•          Advanced Functions in excel
•          Financial functions in Excel
•          Building Professional Charts in Excel
•          Working with Pivot Tables in Excel
•          Charts presentations in excel