Finance For Non-Financial Managers

Financial data can be intimidating for people who don’t have to process them on a daily basis. Moreover, the decisions non-finance teams make have a bearing on the company’s financial performance.

Managers who are not directly involved in financial management should be empowered to understand the financial aspects of a business better. It helps them take more informed decisions on key operational and strategic issues, and to get a complete idea of the justification behind management actions. Financial literacy equips managers to contribute confidently in finding creative solutions to problems.

Topics Covered:

• Basic bookkeeping and accounting terms
• Debits & credits
• Assets and Liabilities
• Drawing up and understanding the income statement and the balance sheet
• Managing cash flow and working capital
• Developing your own budgets and cash flow forecasts
• Management accounts vs external accounts
• Understanding ratios and their relevance to decision making
• Planning for break even and beyond
• VAT, company and employee taxes
• The importance, impact and mechanics of good capital budgeting