FNFFinance for Non Finance
Course Overview
Finance for Non Finance 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 ac
Key Takeaways
Certifications
Course Outline
•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.
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.
•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.
•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.
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.
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.
Who Should Attend?
→ 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