Finance and Accounting

Training Course: Finance for Non-Finance


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FI235491

19 - 23 May 2025

Madrid (Spain)

Hotel : Pestana CR7 Gran Vía

Cost : 5250 € Euro

Introduction:

In today’s business world, understanding financial concepts is not just the responsibility of finance professionals. Every department, from operations to marketing, plays a role in the financial health of an organization. This program, "Finance for Non-Finance," is designed specifically for professionals without a financial background, aiming to demystify financial principles and empower participants to make informed business decisions. Through this program, participants will gain a solid grasp of financial statements, budgeting, cost analysis, and financial decision-making, enabling them to contribute more effectively to their organization’s success.

Target Audience:

  • Managers and team leaders from non-financial departments

  • Professionals in marketing, operations, HR, and IT

  • Entrepreneurs and small business owners

  • Anyone interested in gaining a basic understanding of finance to enhance their decision-making capabilities

Objectives:

  • To provide a clear understanding of basic financial concepts and terminology.

  • To enable participants to read and interpret financial statements.

  • To teach budgeting and financial planning techniques relevant to non-financial roles.

  • To introduce cost analysis methods and their application in everyday business decisions.

  • To empower participants to make financially informed decisions that contribute to organizational goals.

Outlines:

Day 1:

Introduction to Financial Concepts

  • Overview of key financial terms and concepts

  • The importance of finance in business operations

  • The role of finance in strategic decision-making

  • Understanding the difference between profit and cash flow

Day 2:

Reading and Understanding Financial Statements

  • Introduction to the three main financial statements: Income Statement, Balance Sheet, Cash Flow Statement

  • How to read and interpret each statement

  • Key financial ratios and what they indicate

  • Practical exercises: Analyzing sample financial statements

Day 3:

Budgeting and Financial Planning

  • The importance of budgeting in non-financial roles

  • Steps in creating an effective budget

  • Different types of budgets: Operational, Capital, and Cash Flow Budgets

  • Tools and techniques for budget monitoring and control

  • Case study: Developing and managing a budget in a non-financial department

Day 4:

Cost Analysis and Control

  • Understanding costs: Fixed, variable, direct, and indirect costs

  • Techniques for analyzing costs and identifying cost-saving opportunities

  • The role of cost control in achieving financial efficiency

  • Practical exercises: Cost analysis scenarios in non-financial contexts

Day 5:

Financial Decision-Making for Non-Financial Managers

  • Introduction to financial decision-making processes

  • Evaluating the financial impact of business decisions

  • Basic principles of investment analysis: Payback period, ROI, and NPV

  • Practical application: Making a financially informed decision in your department

  • Review and Q&A session to consolidate learning

Finance and Accounting

Training Course: Finance for Non-Finance


Register Now
Quick Inquiry
Discount Group Download Brochure (39)

FI235491

19 - 23 May 2025

Madrid (Spain) - Pestana CR7 Gran Vía

Hotel : Pestana CR7 Gran Vía

Cost: 5250 € Euro


  About Madrid

Madrid is a city that combines its enduring history with its cosmopolitan atmosphere to create a destination that favored amongst tourists from around the world. This is a city that is very much bursting at the seams with life and its vibrant atmosphere, cultural attractions and connection with history ensure travelers have everything they could possibly want from a European city break. At the end of a flight to Madrid, there are sites to see, picturesque streets to roam and, of course, excellent shopping opportunities to explore. Visitors can immerse themselves in Madrid's fantastic local culture, its peerless art scene and world acclaimed fine dining. In fact, there is very little that Madrid doesn't have to offer.


  Things to do and places to visit in Madrid

The only problem travelers will encounter during their visit to Madrid is knowing what to do first. Sampling the mouth-watering tapas, strolling through one of the many excellent museums or even simply soaking up the atmosphere are all excellent options. Spend a sunny day wandering through the splendid squares or marvel at the intricate architecture of the churches.With so many options, flights to Madrid are great for people of any age or inclination.

When visiting Madrid, be sure to:

  • See the superb collection of art is the Museo del Prado.
  • Stroll down the Gran Via.
  • Enjoy the atmosphere of the Plaza Mayor.
  • Wander through the stunning gardens of the Parque del Buen Retiro.
  • See the beautiful mansion of the Museo Lazaro Galdiano.
  • Find quirky fashions in the Fuencarral market.
  • Try some of the many different tapas dishes.
  • Visit the statues of Don Quixote and Sancho Panza in the Plaza de Espana.
  • See the breathtaking Basilica de San Francisco El Grande.
  • Wander the Casa de Campo park, which is five times the size of Central Park.
  • Shop in the luxury boutiques of the Golden Mile.
  • Look for bargains at the El Rasto flea market.
  • See Picasso's Guernica in the Reina Sofia museum.
  • Snack on churros with chocolate.
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