Finance and Accounts for Non-Financial Professional

Course Overview

Are you a manager or head of department and required to develop financial feasibility of a project, develop annual budget of your department, compare different financial proposals, etc., but have very little or no understanding of the financial terms, tools, and techniques and are unaware of the impacts of the decisions made by you on the organization? This course will help to equip you with the terms, tools and techniques you need in understanding and managing the financial aspects of the work, thus enabling you to become more effective in your job. You will be able to gauge the financial impacts of the changes or variances in performance, enabling you to make informed decisions that will help you with other management functions. You will be able to get familiarized with financial and accounting terms; what is meant by them, and how financial and accounting principles apply in different business situations. Finally, by adding these skills to your managerial career, you will be able to add very important, new and essential dimension to your decision making.

Course Objectives

  • Boost your confidence in finance and accounts
  • Understand financial terms of business
  • Development of the finance and accounts skill set from novice to an expert

Course Content

  • What is finance
  • Role of managers and head of departments in financial matters
  • Identifying the important players in financial processing
  • Financial and accounting terms
  • Balance sheet
  • Liabilities and owners’ equity
  • Profit and loss statement and other financial statements
  • Analysis of financial statements
  • Basics of budgets
  • The human aspect of finance and accounts
  • Financial chaos

Course Methodology

The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos.

Target Audience

All managers and head of departments who need to gain better understanding of the financial terms, tools and techniques to make informed decisions & measure the impact of their important decisions.

Duration

02 Days (08:30–14:30) with appropriate breaks for tea/refreshments and lunch.

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