Finance for Non Finance Managers

Investment: UGX 425,000 

The Finance for Non-Financial Managers training is for the modern manager, that is looking to gain an understanding of the financial implications of their day to day decisions, and the impact these may have on their business.

It is also important that managers have a solid grasp of basic financial awareness in order to agree and manage budgets effectively and appreciate core finance principles.

This Finance for Non-Financial Managers training course is aimed at any manager that would like to be more financially aware.

Training course contents:

This Finance for Non-Financial Managers training will help participants to understand financial concepts and the terminology used. It will also enable them to translate financial reports, write and understand budgets and use the information to help improve their success as a manager.

The main content of the training

The Finance for Non-Financial Managers course covers the core financial statements and provides important experience and practical examples.

An Introduction to Finance Basics – Helping participants appreciate how their role as manager influences and affects finance within the organization

Understanding Financial Terms – Addressing the barriers of financial jargon in order to ensure participants feel included in discussions around finance

Financial Statements – Providing participants with an understanding of the five accounting groups and introducing them to the three key financial statements

The Profit & Loss Statement (Income Statement) – A walk-through of this statement with a focus on net profit and gross profit and why they are important

The Balance Sheet – Asking participants to review the balance sheet to identify what it does and does not tell them whilst ensuring they understand capital, assets and liabilities and the accounting equation

Cash Flow – Identifying what cash flow is, why it’s important and how the cash flow cycle works

The Cash Flow Statement – Understanding how to interpret a cash flow statement, who it’s important to and the categories within it (operating, investing, financing)

Working with Budgets – Helping participants to identify what a budget is and why it’s important to the organisation and the participant as manager

Budgets and the Operational Plan – Looking at the planning cycle, where the budget sits and its relationship with the operational plan

Writing a Budget – A look at budgeting methods, the different budgeting options, including variables, developing categories and defining budget line items

Budget Planning Practice – A practical activity that helps participants develop an effective budget plan

Monitoring the Budget – The importance of monitoring the budget, checking variables and making cash flow projections

Objectives: