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FMNFP
Financial Management for Non Financial Professionals

English
Intermediate
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Course Overview

Financial Management for Non Financial Professionals is a comprehensive four-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, valuation  and project evaluation. 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 read financial statements, perform financial analysis, forecast and budget effectively, evaluate investment projects, and determine the value of investments and companies.
 

Qassim A.
Senior Specialist - Program Enrollment
[email protected]
Let’s talk on WhatsApp

Key Takeaways

1
Understand financial terminology: Have the ability to read and understand financial statements, and use the correct terminology in their discussions with finance professionals and management.
2
Analyze financial statements: Apply financial analysis techniques to interpret financial statements and evaluate a company's financial performance and health using appropriate key performance indicators (KPIs) with relevant focus on profitability, efficiency, liquidity and solvency.
3
Forecast and budget: Employ forecasting techniques and budgeting processes to predict future financial outcomes, develop budgets, and analyze variances between actual and projected figures.
4
Make better business decisions: Use the knowledge gained from a better understanding of finance and forecasting to improve their decision making with a full knowledge of the impact on various aspects of the business.
5
Determine the value of investments: Assess the feasibility of investment projects using various capital budgeting techniques including net present value (NPV) and internal rate of return (IRR), to improve strategic investment decisions.

Babson College
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Founded in 1919, Babson College is the top-ranked college for entrepreneurship education. We believe that entrepreneurship is the most positive force on the planet for generating sustainable economic and social value, and Babson is a dynamic living and learning laboratory where more than 3,000 students from over 70 countries work together with faculty and staff to address the problems of business and society. In our collaborative community, students gain the fundamental business skills and liberal arts knowledge necessary to cultivate an entrepreneurial mindset. They then use that mindset to put what they learn into practice, making an impact on campus and around the world.

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.
•Review of financial statements for large publicly traded multinational corporations, and guidance on where to find relevant information.
•Detailed exploration of the Income Statement, including revenue recognition principles, expense classification, and presentation formats.
•Practical application exercises to reinforce concepts and enhance understanding.

edX covered part

Supplementing the module with knowledge checks from the “Financial Accounting Made Fun“ course on edX

Module 2: The Balance Sheet and Cash Flow Statement
LEORON covered part

•Comprehensive examination of the key elements of the Balance Sheet, and 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.
•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 knowledge checks from the “Financial Accounting Made Fun“ course on edX

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.
•Analysis of financial ratios (e.g., net income margin, return on assets) to evaluate a company's profitability and efficiency.
•Examination of further ratios (e.g., current ratio, debt ratio) to assess a company's short-term liquidity and long-term solvency.
•Understanding cost behavior and classifications, such as direct vs indirect costs, and fixed vs variable 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 knowledge checks from the “Financial Accounting Made Fun“ course on edX

Module 4: Forecasting and Budgeting
LEORON covered part

•Introduction to forecasting techniques and their relevance in budgeting and planning.
•Discussions of various approaches to budgeting, and comparison between these approaches.
•Comprehensive understanding of budgeting, including the budgeting process, components of a budget, and its role in controlling and planning.
•Discussion of various approaches to forecasting revenues and expenses.
•Review of approaches for forecasting working capital, and other operational assets.
•Linking the forecasted asset requirement to the funding sources in the budgets.
•Practical exercises, group discussions, and case studies to develop forecasting and budgeting skills.

edX covered part

Supplementing the module with knowledge checks from the “Financial Accounting Made Fun“ course on edX

MODULE 5: Analysing Budgets and Project Budgeting
LEORON covered part

•Understanding of the need for budget control and the relevance of responsibility centers.
•Creating a performance report to highlight any variances from budgets.
•Analysing the variances between budgets and actual results, and techniques for understanding the causes for these variances.
•Discussion of the key differences between creating corporate budgets and project budgets.
•Project budgeting considerations, including estimating project costs, revenue projections, and risk assessment.
•Interactive case studies and group activities to analyze budget variances and develop project budgeting skills.

edX covered part

Supplementing the module with knowledge checks from the “Financial Accounting Made Fun“ course on edX

MODULE 6: Valuation and Project Budget Evaluation
LEORON covered part

•Overview of valuation approaches, including relative valuation and fundamental (intrinsic) valuation.
•In-depth review of techniques for the initial screening and evaluation of investment projects based on the payback period and accounting-based rate of return.
•Detailed review of DCF techniques and the time value of money for valuing projects, financial instruments and companies, including determining the appropriate discount rate.
•Using DCF techniques to assess the feasibility of investment projects, including the calculation of the project’s net present value (NPV) and inherent rate of return (IRR).
•Real-life examples and interactive exercises to reinforce valuation concepts.

edX covered part

Supplementing the module with knowledge checks from the “Financial Accounting Made Fun“ course on edX

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

FAQ

What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.

Reviews

  • Review:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
    Country Learning & Development Manager at IKEA Saudi Arabia
  • Review:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
    Dir L&D, Talent Management at Mobily, Etihad Etisalat Company
  • Review:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
    VP, Business Winning at BAE Systems Saudi Development & Training
  • Review:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. LEORON has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie
    Sr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen