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Finance for Non Financial Managers Overview
Finance for Non-Financial Managers Course Outline
Module 1: Introduction to Finance
- What is Finance?
- Why is Finance So Important?
- Financial Terminology
- Key Terms
- Types of Accounts Used to Record Business Transactions
Module 2: Financial Management Tools
- Zoho Finance Plus
- QuickBooks
- Sage Intacct
- Oracle Financials Cloud
Module 3: Profit and Loss Accounts
- Profit and Loss Statement
- Trading Accounting
- Differences Between the Trading Account and Profit and Loss Account
Module 4: Understanding Income and Expenditure Accounts
- Methodology
- Example
Module 5: Cash and Accruals Account
- Cash Accounting
- Accruals Accounting
Module 6: Communicating Effectively with Finance Professionals
- What is Effective Communication?
- Communicating Effectively with Finance Professionals
Module 7: Analysing Trends in Financial Flows
- Techniques to Carry Out Financial Analysis
- Trend Analysis
- Common-Size Financial Statement Analysis
- Percentage Change Financial Statement Analysis
- Benchmarking
Module 8: Reading Balance Sheets
- Key Equation
- Assets
- Liabilities
- Example
Module 9: Constructing a Cash Flow Statement
- What is Cash Flow?
- Types of Cash Flow
- Importance of Cash Flow
Module 10: Build a Budget
- How to Build a Budget?
- Budget Preparation
- Budget Control Cycle
- Incremental Budgeting
- When should You Use Incremental Budgeting?
- Zero Budgeting
- Developing an Action Plan
Who should attend this Finance for Non-Financial Managers Course?
The Finance for Non Financial Managers Training Course is designed for anyone who wants to learn about the basics of finance and how it applies to their business. The following professionals can benefit from attending this course:
- Department Managers from non-finance departments
- Project Managers
- Marketing Managers
- Sales Managers
- Operations Managers
- HR Managers
- IT Managers
Prerequisites of the Finance for Non-Financial Managers Course
There are no formal prerequisites for the Finance for Non-Financial Managers Training Course. However, a basic understanding of business concepts will be extremely beneficial for the delegates.
Finance for Non-Financial Managers Course Overview
As a manager, having a good understanding of all aspects of the organisation is incredibly important. Obtaining an understanding of finance is especially important as these skills can assist the individual in, for example, understanding how to maximise sales or assessing unnecessary costs.
This Finance for Non-Finance Managers course comes under the topic of Accounting and Finance Training. This topic encompasses several courses that enables delegates to develop their skills and obtain additional training to broaden their understanding of finance. Some of these courses include Bookkeeping Training, Introduction to Credit Control, and Sage 50 Accounts.
This 1-day Finance for Non-Financial Managers Training Course aims to provide candidates with an introduction to the fundamentals of finance, to ensure that the delegate can fulfil their daily or prospective role. This course will focus on several types of finance accounts, how to analyse trends within finance that can be optimised for company growth, and how to create cash flow statements.
Course Objectives
- To understand fundamental financial concepts and terminologies
- To analyse and interpret financial statements effectively
- To develop skills in budgeting, forecasting, and financial decision-making
- To gain insights into cash flow management and its impact on operations
- To learn to assess and manage financial risks and returns in business decisions
In this course, delegates will delve into the essential financial principles tailored for non-financial managers. It's designed to demystify financial jargon and concepts, empowering managers to make informed decisions. By the end, attendees will be equipped with practical tools and knowledge to influence and understand their organisation's financial health, enhancing their managerial effectiveness and strategic impact.
What’s included in this Finance for Non-Financial Managers Course?
- World-Class Training Sessions from Experienced Instructors
- Finance for Non-Financial Managers Certificate
- Digital Delegate Pack
Why choose us
Ways to take this course
Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Finance for Non Financial Managers. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.
Live classes
Join a scheduled class with a live instructor and other delegates.
Interactive
Engage in activities, and communicate with your trainer and peers.
Global Pool of the Best Trainers
We handpick from a global pool of expert trainers for our Online Instructor-led courses.
Expertise
With 10+ years of quality, instructor-led training, we equip professionals with lasting skills for success.
Global Reach
With classes running in all timezones, access any of our courses and course material from anywhere, anytime.
Unlock your potential with The Knowledge Academy's Finance for Non Financial Managers, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.
Experience the most sought-after learning style with The Knowledge Academy's Finance for Non Financial Managers. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Finance for Non Financial Managers sessions.
Highly experienced trainers
Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience
State of the art training venues
We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible
Small class sizes
Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment
Great value for money
Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value
Streamline large-scale training requirements with The Knowledge Academy’s In-house/Onsite Finance for Non Financial Managers at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.
Tailored learning experience
Leverage benefits offered from a certification that fits your unique business or project needs
Maximise your training budget
Cut unnecessary costs and focus your entire budget on what really matters, the training.
Team building opportunity
Our Finance for Non Financial Managers offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings
Monitor employees progress
The course know-how will help you track and evaluate your employees' progression and performance with relative ease
What our customers are saying
Vera was engaging and made the topic interesting.
Sophie Manship
Bola is incredible, probably my favourite trainer I have ever used. She has a fantastic energy, excellent communicator. She kept me engaged for the entire course.
Adam Hickinson
Very engaging, enthusiastic and delivered the course well
Matt Hail
Finance for Non Financial Managers FAQs
Finance for non-financial managers is a course designed to equip individuals with essential financial knowledge, helping them understand financial statements, budgeting, and decision-making to enhance their managerial skills.
To present financial data to non-financial managers, use clear visuals, simple language, and focus on key insights that align with business goals, avoiding technical jargon to ensure understanding and engagement.
The objective of finance for non-finance is to empower managers with the ability to understand financial concepts, analyse financial statements, and make informed decisions that support organisational success without requiring in-depth financial expertise.
Financial skills are crucial for managers as they enable informed decision-making, effective budgeting, resource allocation, and the ability to assess business performance, ultimately contributing to the organisation's profitability and sustainability.
This training benefits non-financial managers by enhancing their understanding of financial concepts, improving decision-making, enabling effective communication with finance teams, and fostering better budget management, leading to more informed business strategies.
There are no formal prerequisites for the Finance for Non-Financial Managers Training Course. However, a basic understanding of business concepts will be extremely beneficial for the delegates.
In this training course, delegates will have intensive training with our experienced instructors, a digital delegate pack consisting of important notes related to this course, and a certificate after course completion.
This course takes 1-day to complete during which delegates participate in intensive learning sessions that cover various course topics.
If you are unable to access your training, contact the support team at The Knowledge Academy via their customer service email or phone number provided on their website for prompt assistance and resolution of your issue.
This training is suitable for Managers, Department Heads, and Professionals from non-financial backgrounds who wish to gain a solid understanding of financial principles to improve their decision-making and business management skills.
This training covers topics such as understanding financial statements, budgeting, cash flow management, financial analysis, cost control, and how financial data influences decision-making, all tailored for non-financial managers.
The training uses a blend of practical case studies, interactive discussions, real-world examples, and hands-on exercises, ensuring participants can apply financial concepts in everyday managerial situations.
No prior knowledge of finance is required to attend this training. It is specifically designed for non-financial managers, starting with basic concepts and gradually progressing to more advanced topics.
The Knowledge Academy in Austria stands out as a prestigious training provider known for its extensive course offerings, expert instructors, adaptable learning formats, and industry recognition. It's a dependable option for those seeking this course.
This certification aims to equip non-financial managers with essential financial knowledge, enhancing their ability to understand financial statements, make informed decisions, and effectively manage budgets and resources within their organisations.
The course is designed to be accessible to all levels, making it suitable for both beginners and experienced professionals. It covers foundational concepts while offering in-depth insights into personal and organisational growth strategies.
Holding a Finance for Non-Financial Managers certification demonstrates a manager's ability to understand key financial concepts, improve decision-making, and contribute more effectively to organisational growth and financial strategy, enhancing career prospects.
These certification courses are beneficial for managers, team leaders, project managers, and department heads from non-financial backgrounds who need to improve their financial literacy to make better business decisions.
Yes, we provide corporate training for this course, tailored to fit your organisation’s requirements.
You should take this training to enhance your financial literacy, improve decision-making, and gain the confidence to manage budgets, interpret financial data, and contribute more effectively to your organisation's success.
Yes, The Knowledge Academy offers 24/7 support via phone & email before attending, during, and after the course. Our customer support team is available to assist and promptly resolve any issues you may encounter.
In this online course, you will learn to interpret financial statements, understand budgeting and cash flow, analyse financial data, and apply financial concepts to improve decision-making and business performance.
After this training, apply your newfound financial knowledge by actively engaging with financial data, contributing to budget planning, and using your understanding to make informed decisions that drive organisational success.
The Knowledge Academy provides flexible self-paced training for this course. Self-paced training is beneficial for individuals who have an independent learning style and wish to study at their own pace and convenience.
After completing this training, you can expect roles such as project manager, department head, operations manager, or business analyst, where financial decision-making and resource management are key responsibilities.
No formal exam is required at the end of the course. However, delegates are assessed through practical exercises and projects to ensure they have a solid understanding of Dart and can apply their skills effectively in real-world scenarios.
The training fees for Finance for Non Financial Managersin Austria starts from €1195
The Knowledge Academy is the Leading global training provider for Finance for Non Financial Managers.
Please see our Finance Fast Track Courses courses available in Austria
Why choose us
Best price in the industry
You won't find better value in the marketplace. If you do find a lower price, we will beat it.
Many delivery methods
Flexible delivery methods are available depending on your learning style.
High quality resources
Resources are included for a comprehensive learning experience.
"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"
Joshua Davies, Thames Water
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