Finance for Non Finance managers

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 STrI 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 Objectives

By the end of this ‘Finance for Non-Finance Managers Course’, you will be able to:

·      Use financial information to manage and assess your company or department operations

·      Manage and Reduce Cost (Fixed versus variable costs)

·      Control the working capital and manage the impact of inventory build-up

·      Practice and use a range of accounting methods, tools and techniques available to manage financial risks in your organization

·      Interpret the language of accounts and break down barriers of understanding

·      Get Confidence to prepare budgets and read Management Information

Training Methodology

SITL transformational centers believes in two training approaches applied in each course—theoretical and practical. The theoretical aspect of training is delivered in lectures by highly experienced professionals from the relevant domain, using detailed audio-video presentations. Trainee participation is encouraged through group or individual assignments, knowledge to action projects and other such activities.

Case studies are discussed in detail to help trainees relate the training content to practical scenarios. However, the major aspect of practical training involves sample projects assigned to trainees (Knowledge to Action) during the course of the training. Experiential learning is also focused upon.

This course follows a unique approach adopted by SITL, called the Do–Review–Learn–Apply Model.

Organisational Benefits

Companies who get their employees to participate in this ‘Finance for Non-Finance Managers Course’ can benefit in the following ways:

·      Use common financial language to communicate effectively with finance professionals within the organization

·      Interpret the financial health and state of a company, division or responsibility center

·      Compute and understand widely used financial KPIs

·      Apply the management accounting techniques & procedures of ‘product costing, cost-volume-profit analysis, budgeting, & variance analysis’

·      Know the link between corporate and financial strategy

Personal Benefits

Individuals who participate in this ‘Finance for Non-Finance Managers Course’ can benefit in the following ways:

·      Understand the functions of financial management and its role in running the business

·      Identify the significance of accounting choice and its impact on the financial statements

·      Apply capital budgeting techniques and cost-volume-profit analysis for better decision making

·      Know the purpose of the three significant financial statements ‘Income Statement, Statement of Financial Position, and Cash Flow Statement’.

Who should attend?

Those in managerial positions (junior up to top-level) in an organization who needs a contextual understanding and practical hands-on experience in the principles of corporate finance.