Financial Basics for Non-financial Managers Introduction
Introduction
This course helps a non-financial manager make sense of the terms and concepts that are used in managing the financial aspects of a business.
Objectives
Understand basic financial structure and the financial information you must have to run a business. You will learn how to read financial reports and understand the purpose and limitations of each. You will also get tools and methods to give you a complete picture of your financial position.
Designed for
All managers from non-financial disciplines that have financial responsibility.
Duration
1 day
Topics
- Understand financial structure.
- Look at the big picture.
- Know the elements of financial change.
- Apply reporting principles.
- Know how balance sheets can help.
- Understand income statements.
- Plan with the cash flow statement.
- Interpret a statement of retained earnings.
- Manage the financial position.
- Complete the picture.
- Plan for cash flows.
- Know the costs they can control.
- Compute the return of investment.
Follow-up
Understanding and Using Contracts – 1 day