Finance For Non Finance course
Finance@Work
Learn specific vocabulary, understand reports,
improve operational decisions
The Challenge
How do you maximize the financial impact of operational decisions?
The challenge is even greater when we are not accountants or financiers and do not understand what lies behind the numbers. Without minimal training we won’t be able to get that understanding, and what affects us is the constant uncertainty about the financial impact of our operational decisions.
In addition, interacting with the financial-accounting department is not always easy, due to the gap in vocabulary and training. It’s like we’re from Mars, they’re from Venus, you know the story…
It’s time to gain an essential level of understanding so that we can all get our feet on Earth and work well together.
Training Summary
The Finance for Non Finance managers course is a practical course for developing the skills to understand and analyze financial information in order to facilitate profitable decisions, delivered in the form of a business simulation.
Who should attend?
The following profiles will benefit from this course:
- Employees/Managers in all departments of the organization who make decisions with financial impact and who have not received formal financial/accounting training.
- People from the following departments: Sales, Marketing, Production, Human Resources, Administrative, Purchasing/Procurement, Management, Design etc.
- Project Managers
- Entrepreneurs
What do participants get?
By the end of this course you will:
- You will gain a common vocabulary of relevant financial terms and indicators
- Understand the financial flows and mechanisms of a company
- You will develop the ability to make decisions with financial impact during the business simulation
- Learn how to budget by following a consistent 7-step budgeting process
- Discover what’s behind the numbers using the three key financial reports: Balance Sheet, Profit & Loss, Cash Flow
- You will gain confidence and ease in dealing with financial issues, both within the company and with customers and partners
Finance for Non Finance course trainers
Marian Stirbescu
Senior Trainer Finance
Accredited trainer, creator of materials for Finance for Non Finance, Credit Management, Operational Cost Management, Accounting and Return on Investment.
Adina Munteanu
Senior Trainer Finance
Senior management consultant and trainer with 10+ years of experience in delivering projects and training programs. The expertise gained in the corporate environment in the controlling, financial reporting and internal control departments is a resource in the training delivered.
Finance for Non Finanace course agenda
The topics are delivered in an interactive format covering the following areas:
Introduction
- Opening, expectations
- How companies work – financial and material flows
- How and with what is value created
- Assets and Liabilities
Key concepts
- Financial dimension of investments, income, expenditure, purchases, taxes and charges
- Simulation start
Financial reports
- Balance Sheet
- Costs, Cost Centers
- Break Even Analysis
- Profit and Loss
- (Profit & Loss)
- Cash Flow
Analysis and control
- Financial indicators
- Budgets
Closing
End of simulation
Finanace for Non Finanace course
Benefits for the company
Maximizing results
by understanding the financial aspects of the company’s activity
Margin improvement
Employees understand more easily which mechanisms positively affect profit
Lower friction cost
in interacting with the finance department
Optimizing results
the financial component provides management with key elements for making informed decisions and auditable actions
Efficient budgeting
Reduce the total budgeting cycle by using best practices
Financial results and action
The business simulation is an experience that will keep you on your toes during the two-day course. You will have the opportunity to make the decisions that your team needs to make in order to beat the competition with superior financial results.
Andrei P. – Sales Manager
Finance@Work course participant
Registration
We offer price options for individual participation and for groups.
For groups of more than 10 participants variable discount is included for courses dedicated to your organization.
PrIce per participant
1-9 participants
For individual participation or groups of up to 9 participants
price per group
10-15 participants
Fixed price for groups of 10 to 15 participants
*All prices are VAT Exclusive
Customized training
Dedicated sessions
Dedicated sessions are available for a minimum of 8 participants.
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Finance for Non Finance course – If this isn’t exactly what you’re after, let us know, and we’ll develop a tailored solution for you. Access our contact information here.
Copyright information
Finance@Work is a registered trademark by Axioma Solutions.