Course Description
Designed for Non-Financial Managers, this course will provide you with the cutting-edge insights on the financial management framework used worldwide. This indispensable knowledge of financial management will help you to manage your project in a superior and efficient manner.
This pragmatic and interactive program will develop the finance skills and knowledge of the human resource professional that wants to understand the “big picture” at their organization. Learn how to interpret and speak the language of finance in order to effectively understand, communicate and work with colleagues in finance, accounting and operations. You learn to apply the fundamentals of finance to improve budget management, increase potential profits and assess the financial viability of projects.
Throughout this highly interactive program, you will be involved in the case studies discussion to maximize the learning benefits and also to help you leave with specific actions steps for resolving current and future challenges.
Upon completion of this training course you will receive your certificate which has been fully accredited by Qualifi, an official UK government recognized awarding body.
Benefits of an Internationally Accredited Certification
Our accredited courses have been independently assessed to ensure a consistent and high quality
Our accreditation provides proof that we comply with industry best practices.
Our accreditation demonstrates that our presenters have vast technical knowledge and experience.
Studies have shown that individuals that attain international accreditation/certification are more likely to achieve higher salaries and be promoted over those individuals that are not.
Key Takeaways
Become familiar with key documents and terminology used in business finance
Gain confidence and skill in decision-making and working with financial managers
Learn the essentials of budgeting and cash-flow analysis
Perform fundamental financial ratio analysis
Understand the process of financial control
Learn to evaluate projects and/or programs based on the techniques of Net Present Value, Internal Rate of Return, and Payback Period.
*Successful completion of the course materials, and exam makes you a Certified Finance for Non-Financial Managers (FNFM)™ . You can use the designation of FNFM™ on your resume and business card.
***Attendance – delegates must attend all sessions of the course. Delegates who miss more than two hours of the course sessions will not be eligible to sit for the Certified Finance for Non-Financial Managers Examination.
With successful completion of the course work and exam – You will receive your certificate which has been fully accredited by Qualifi Limited.****
Agenda
Topics That Will Be Covered
Introduction to Financial Management
The Role and Function of Accounting and Finance
Financial Markets, Economics and Market Efficiency
The role of interest rates in the economy
Goals of financial management
Cash cycle of the enterprise
Reporting the results: the four financial statements
Financial Statement Analysis
Profit & Loss Account (In the US called an Income Statement)
Balance Sheet
Cash Flow Statement
Fixed costs and break-even analysis
Understanding changes in owner’s equity and financial position
Measurements of business performance: ratio analysis – profitability, liquidity, working capital efficiency, gearing and return on investment
Financing a project
Case Study: Participants will calculate key financial ratios for a typical company.
Analyzing and Interpreting Financial Ratios
Earnings ratios
Liquidity ratios
Turnover ratios
The key ratios for HR professionals
Case Study: Financial statements and reporting: Cadbury Schweppes case study
Costing
Costing methods
Cost allocation
Break-even analysis
Pricing
Project budgeting and methods to evaluate cash flows
Time Value of Money
Factors affecting discount rates
Capital budgeting
Weighted average cost of capital (WACC)
Payback period
Net present value (NPV)
Internal rate of return (IRR)
Case Study: Syngenta: Investment appraisal in action
Financial planning and budgeting
How to anticipate and avoid pitfalls
Planning and implementing financial budgets
Key financial tasks for managers
Risk Management
Risk management
Qualitative and Quantitative risk analysis
Scenario Analysis
Decision Tree Analysis- Evaluating payoffs and risks of different projects
Sensitivity Analysis – determine how sensitive a project is to particular risks
Group Activity: Build a decision tree to evaluate projects
*Personality Profiling Test valued at $275 is included in this program.
*Earn Professional Development Units towards maintaining your relevant certification/license.
*Earn (Professional Development Credit) upon successful completion of this program toward SHRM.
Audience
Who Should Attend This Program
This course is designed for non-financial managers of all functional areas of an organization including:
Project Managers
Executive Managers
Managing Directors
Operations Managers
Team Leaders
Supervisors
General Managers