Finance and Accounting

Training Course: Finance for Non-Finance


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FI235491

5 - 9 May 2025

London (UK)

Hotel : Landmark Office Space - Oxford Street

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 (38)

FI235491

5 - 9 May 2025

London (UK) - Landmark Office Space - Oxford Street

Hotel : Landmark Office Space - Oxford Street

Cost: 5250 € Euro


  About London

The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.


  Things to do and places to visit in London

With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.

Some unmissable London attractions include:

  • Seeing priceless masterpieces in the Tate Britain or the National Gallery.
  • Watching the changing of the guard at Buckingham Palace.
  • Visiting Trafalgar Square's famous monument.
  • Marveling at the Crown Jewels in the Tower of London.
  • Getting a bird's eye view of the city from the London Eye.
  • Tasting one of Brick Lane's famous curries.
  • Browsing the exclusive shops of Knightsbridge.
  • Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
  • Admiring design from around the world in the Victoria and Albert Museum.
  • Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
  • Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
  • Eating Britain's most famous dish, fish and chips.
  • Watching the street performers in Covent Garden.
  • Enjoying the views at a South Bank cafe.
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