Financial Management for Non Financial Professionals

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Course Overview

Financial Management for Non Financial Professionals is a comprehensive three-day program designed to equip participants with essential knowledge and skills in finance.
Through interactive learning experiences and practical exercises, participants will gain a deep understanding of financial accounting, analysis, forecasting, budgeting, project evaluation, and valuation. The course aims to enhance participants' financial acumen, enabling them to make informed financial decisions and contribute to organizational success. 
By the end of the course, participants will have developed the ability to analyze financial statements, perform financial analysis, forecast and budget effectively, evaluate investment projects, and conduct valuation analysis.

Key Takeaways

Analyze financial statements: Apply analytical skills to interpret financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement, to evaluate a company's financial performance and identify key financial indicators.
Apply financial analysis techniques: Utilize financial analysis methods, such as liquidity analysis, profitability analysis, and cost analysis, to assess the financial health of a company and make informed decisions.
Forecast and budget: Employ forecasting techniques and budgeting processes to predict future financial outcomes, develop budgets, and analyze variances between actual and projected figures.
Evaluate investment projects: Assess the financial viability of investment projects using capital budgeting techniques, such as net present value (NPV) and internal rate of return (IRR), to make strategic investment decisions.
Conduct valuation analysis: Apply valuation methods, such as discounted cash flow (DCF) analysis and multiples-based valuation, to estimate the worth of projects or companies and evaluate their financial potential.

Imperial College London
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Imperial College London is a community of problem-solvers dedicated to finding innovative solutions to the world's biggest challenges. Located in the heart of London, Imperial is a multidisciplinary space for education, research, translation and commercialisation, harnessing science and innovation to tackle global challenges. A science-based university with an international reputation for excellence in learning and research, Imperial furthers its commitment to improving education worldwide through its learning and teaching strategy.

Course Outline

Module 1: Introduction to Financial Accounting and the Income Statement
LEORON covered part
  • Overview of financial accounting and its role in providing information to internal and external stakeholders.
  • Understanding the purpose and components of financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement.
  • Detailed exploration of the Income Statement, including revenue recognition principles, expense classification, and presentation formats.
  • Analysis of key ratios and metrics derived from the Income Statement, such as gross profit margin, operating profit margin, and net profit margin.
  • Practical application exercises to reinforce concepts and enhance understanding.
edX covered part

Supplementing the module with relevant content from the "Finance Essentials" course on edX, Module 1: "Financial Statements and the Income Statement."

Module 2: The Balance Sheet and Cash Flow Statement
LEORON covered part
  • Comprehensive examination of the Balance Sheet, emphasizing the classification and presentation of assets, liabilities, and equity.
  • In-depth understanding of the Cash Flow Statement, including the three main sections: operating activities, investing activities, and financing activities.
  • Analysis of balance sheet ratios and metrics, such as current ratio, debt-to-equity ratio, and return on equity.
  • Interpreting the relationship between the Income Statement and the Balance Sheet, and how changes in one statement affect the other.
  • Hands-on exercises and case studies to reinforce learning and develop analytical skills.
edX covered part

Supplementing the module with relevant content from the "Finance Essentials" course on edX, Module 2: "The Balance Sheet and the Statement of Cash Flows."

Module 3: Financial Analysis and Understanding the Company's Costs
LEORON covered part
  • Significance of financial analysis in decision making and evaluating a company's financial performance.
  • Examination of liquidity ratios (e.g., current ratio, quick ratio) to assess a company's short-term solvency.
  • Analysis of profitability ratios (e.g., gross profit margin, return on assets) to evaluate a company's profitability and efficiency.
  • Understanding cost behavior and various cost classifications, such as fixed costs, variable costs, and mixed costs.
  • Application of cost-volume-profit (CVP) analysis to understand the relationship between costs, volume, and profits.
  • Real-world case studies and practical examples to apply financial analysis techniques and cost concepts.
edX covered part

Supplementing the module with relevant content from the "Finance Essentials" course on edX, Module 4: "Cost of Capital and Financial Statement Analysis."

Module 4: Forecasting and Budgeting
LEORON covered part
  • Introduction to forecasting techniques and their relevance in budgeting and planning.
  • Forecasting sales using quantitative methods (e.g., time series analysis, regression analysis) and qualitative methods (e.g., market research, expert opinions).
  • Forecasting expenses based on historical data and trends analysis.
  • Comprehensive understanding of budgeting, including the budgeting process, components of a budget, and its role in controlling and planning.
  • Variance analysis: comparing actual results to budgeted figures and investigating the causes of variances.
  • Practical exercises, group discussions, and case studies to develop forecasting and budgeting skills.
edX covered part

Supplementing the module with relevant content from the "Finance Essentials" course on edX, Module 5: "Budgeting and Risk Management."

MODULE 5: Analysing Budgets and Project Budgeting
LEORON covered part
  • In-depth analysis of budgets, including reviewing and interpreting budgeted financial statements and identifying areas of concern.
  • Understanding the concept of variance analysis and its application in evaluating budget performance.
  • Exploring different budgeting approaches, such as zero-based budgeting (ZBB) and incremental budgeting, and their pros and cons.
  • Introduction to capital budgeting techniques (e.g., net present value, internal rate of return) to assess long-term investment decisions.
  • Project budgeting considerations, including estimating project costs, revenue projections, and risk assessment.
  • Interactive case studies and group activities to analyze budgets and develop project budgeting skills.
edX covered part

Supplementing the module with relevant content from the "Finance Essentials" course on edX, Module 6: "Project Evaluation and Capital Budgeting."

MODULE 6: Valuation and Project Budget Evaluation
LEORON covered part
  • Overview of valuation methods, including discounted cash flow (DCF) analysis, multiples-based valuation, and market approaches.
  • Detailed exploration of DCF analysis, including estimating cash flows, determining the appropriate discount rate, and calculating the net present value (NPV).
  • Evaluation of investment projects based on cash flow projections, considering factors such as payback period, profitability index, and internal rate of return (IRR).
  • Assessing project feasibility and profitability through techniques such as sensitivity analysis and scenario analysis.
  • Real-life examples and interactive exercises to reinforce valuation concepts and project budget evaluation skills.
edX covered part

Supplementing the module with relevant content from the "Finance Essentials" course on edX, Module 8: "Valuation and Project Budgeting."

Who Should Attend?

This highly practical and interactive course has been specifically designed for
→ Non-finance staff in departments such as HR, Supply chain, IT, Sales, Marketing, Operations
→ Managers of non-finance functions such as HR, Supply chain, IT, Sales, Marketing, Operations
→ Senior Directors of Non-finance divisions
→ Any finance staff who would like a refresher on the financial concepts covered

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What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.