Finance for Non-Finance Managers

Course Code: IEF-1146
Course Instructor: Mike Osikoya
Category: Managerial Finance
Credit Hours: 48
Course Duration: 24 Days
Cost: GHS 3,000.00

 

Course Overview

The “Finance for Non-Finance Managers” programme is a 12-week course designed to provide managers from various functional areas with a clear understanding of financial principles and practices. This course will enable them to make informed decisions, understand financial reports, manage budgets, and contribute effectively to the financial success of their organization. It is ideal for managers in marketing, operations, human resources, and other non-finance functions.

 

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Course Content

The course is structured into twelve modules, each of which focuses on crucial areas of financial management relevant to non-finance managers. To guarantee that the subject is fully understood and applied in real-world situations, the modules comprise lectures, case studies, practical exercises, and assessments.

The course outline ensures that participants gain a thorough understanding of financial management principles, empowering them to contribute effectively to their organization’s financial success. The curriculum allows participants to:

» Understand the importance of financial management, including its key objectives and concepts, in driving business success.

» Gain insights into reading, interpreting, and analyzing balance sheets, income statements, and cash flow statements.

» Learn to use liquidity, profitability, and solvency ratios to assess and improve business performance.

» Master the fundamentals of creating and managing budgets, and use forecasting techniques to predict future financial performance.

» Understand cost concepts and apply techniques for managing and controlling fixed, variable, and semi-variable costs effectively.

» Learn principles and methods like NPV, IRR, and payback period to evaluate and make informed investment decisions.

» Manage working capital elements for liquidity, understand business taxation and compliance, and identify and control financial risks using internal controls.

 

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Key Takeaways

 

By the end of this programme,  participants will:

» Understand and apply essential financial principles and terminology in business contexts.

» Read, interpret, and analyze financial statements to assess organizational health and performance.

» Utilize financial ratios to make informed decisions and improve business outcomes.

» Create, manage, and optimize budgets to support and achieve strategic business goals.

» Make informed capital budgeting and investment decisions to drive growth and profitability.

» Optimize working capital management to ensure liquidity and operational efficiency.

» Ensure compliance with tax laws, manage financial risks, and leverage financial technology to enhance financial management practices.

 

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Target Audience

 

The following categories can register for the programme:

» Managers from non-finance functions such as marketing, operations, HR, etc.

» Business owners and entrepreneurs seeking to improve financial acumen.

» Professionals aiming to enhance their financial knowledge and decision-making skills.

» Anyone involved in business decision-making processes who requires a fundamental understanding of finance.

 

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