Course Overview
This practical training course is designed to help non-finance professionals understand essential financial concepts and improve their ability to interpret financial information confidently. The course simplifies finance terminology and focuses on practical business applications, enabling participants to make better operational and strategic decisions within their roles.
Participants will gain a clear understanding of financial statements, budgeting, cost control, profitability, financial planning, and key financial indicators used in organizations.
Learning Outcomes
By the end of this course, participants will be able to:
Understand fundamental finance and accounting concepts
Read and interpret basic financial statements
Understand budgeting and forecasting processes
Analyze business costs and profitability
Understand cash flow and working capital concepts
Use financial information to support business decisions
Communicate more effectively with finance teams
Understand financial risks and performance indicators
Improve financial awareness within daily operations
Course Topics
Module 1: Introduction to Finance and Accounting
Understanding the role of finance in business
Difference between finance and accounting
Key financial terminology
Financial responsibilities of non-finance professionals
How financial decisions impact organizations
Module 2: Understanding Financial Statements
Introduction to:
Income Statement
Balance Sheet
Cash Flow Statement
Understanding revenues, expenses, assets, liabilities, and equity
Reading and interpreting financial reports
Identifying financial strengths and weaknesses
Practical Exercise
Financial statement interpretation activity
Module 3: Budgeting and Forecasting
Importance of budgeting in organizations
Types of budgets
Budget preparation basics
Forecasting techniques
Monitoring budget performance
Variance analysis basics
Module 4: Cost Management and Profitability
Understanding fixed and variable costs
Cost behavior and cost control
Break-even analysis
Profitability concepts
Improving operational efficiency
Reducing unnecessary expenses
Practical Activity
Cost analysis exercise
Module 5: Cash Flow and Working Capital Management
Understanding cash flow
Importance of liquidity
Managing receivables and payables
Working capital concepts
Common cash flow challenges
Improving cash management practices
Module 6: Financial Decision-Making
Using financial information for decision-making
Understanding investment basics
Evaluating business performance
Financial impact of operational decisions
Risk and return concepts
Group Exercise
Business decision case study
Module 7: Key Financial Ratios and Performance Indicators
Introduction to financial ratios
Profitability ratios
Liquidity ratios
Efficiency ratios
Interpreting KPIs and dashboards
Understanding financial trends
Practical Exercise
Calculating and interpreting basic financial ratios
Module 8: Financial Communication and Collaboration
Communicating effectively with finance departments
Presenting financial information clearly
Understanding financial reports in meetings
Building financial awareness across teams
Supporting organizational financial goals
Training Methodology
The course includes:
Interactive presentations
Practical exercises
Group discussions
Case studies
Real business examples
Financial interpretation activities
Q&A sessions
Schedule and Duration
Duration: 7 days
Time: 17:30 - 20:00
Language: English
Format: Virtual or Classroom (Optional)
Fee Per Person: $200
Certification
Participants will receive a Certificate of Completion upon successful attendance of the training course.
Payment
Must be made 7 working days before the start of the course. Payment can be made in cash, by bank transfer or through exchange offices.
How do I register?
You can register by emailing training@mselect.com with the following details:
Full Name:
Position/Title (If applicable):
Email Address:
Phone number:
Name of the course:
For more information, contact 0771 842 2380