An intensive professional development training course on
Finance for Everyone
Building Confidence in Financial Decision-Making
Why Choose Finance for Everyone Training Course?
Finance plays a vital role in every business, shaping decisions across all levels. For those without a finance background, understanding key financial concepts and tools can be game-changing, empowering them to contribute more effectively to the success of the organization. This Finance for Everyone training course is specifically designed for individuals with no formal financial training. It simplifies complex financial topics and equips participants with the knowledge and confidence to analyze financial data, communicate with finance teams, and make informed financial decisions.
Through interactive exercises, practical examples, and lively discussions, participants will delve into financial statements, performance analysis, budgeting, forecasting, and financial decision-making. By the end of the course, they will be ready to incorporate financial insights into their roles and drive improved outcomes for their organizations.
What are the Goals?
By the end of this training course, participants will be able to:
- Understand key financial concepts and terminology
- Read, interpret, and analyze financial statements
- Evaluate organizational performance using financial ratios
- Develop and manage budgets effectively
- Use financial tools to support strategic decision-making
Who is this Training Course for?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Managers, team leaders, and department heads from non-financial backgrounds
- Entrepreneurs and small business owners without formal financial training
- Professionals from any function seeking to understand and apply financial concepts in their roles
How will this Training Course be Presented?
This AZTech training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes an interactive mixture of lecture-led learning & group discussions.
The Course Content
Day One: Introduction to Finance and Key Concepts
- What is Finance? The role of finance in business
- Key financial terms and definitions
- Understanding the accounting equation: Assets = Liabilities + Equity
- Differentiating between financial accounting and management accounting
- Interactive Exercise: Matching financial terms to their real-world applications
Day Two: Financial Statements Made Simple
- Overview of financial statements
- Income Statement (Profit and Loss Statement): Understanding revenue, expenses, and profit
- Balance Sheet: Assets, liabilities, and equity
- Cash Flow Statement: Operating, investing, and financing activities
- How to interpret and analyze financial statements
- Case Study: Analyzing a real company’s financial statements to identify strengths and weaknesses
- Group Activity: Creating a simplified version of financial statements from provided data
Day Three: Financial Ratios and Performance Analysis
- Introduction to financial ratios
- Liquidity Ratios: Current ratio, quick ratio
- Profitability Ratios: Gross profit margin, net profit margin, return on equity (ROE)
- Efficiency Ratios: Inventory turnover, accounts receivable turnover
- Interpreting financial ratios to assess business health and performance
- Workshop: Calculating ratios using sample data and discussing implications
- Benchmarking: Comparing performance against industry standards
Day Four: Budgeting and Forecasting for Non-Finance Professionals
- The importance of budgeting in achieving business goals.
- Setting objectives
- Allocating resources
- Monitoring and controlling expenditures
- Basics of forecasting
- Using historical data to predict future trends.
- Simple techniques for non-finance professionals.
- Hands-On Exercise: Developing a basic budget and forecast for a hypothetical department
- Discussion on variance analysis: Identifying and addressing deviations from the budget
Day Five: Finance for Strategic Decision-Making
- Understanding cost structures: Fixed vs. variable costs
- Conducting cost-benefit analysis for decision-making
- Breakeven analysis: Identifying the point of profitability
- Basics of investment appraisal
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Payback period
- Aligning financial decisions with strategic business goals
- Final Group Project: Evaluating a business scenario and presenting financial recommendations to a mock leadership team
The Certificate
- AZTech Certificate of Completion for delegates who attend and complete the training course
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