Finance For Non-Finance Managers

  • Overview
  • Day 1
  • Day 2
Workshop: 
Finance For Non-Finance Managers

Training Workshop – Module Overview

Innesskirk’s innovative “Finance For Non-Finance Managers” will provide you with an excellent overview of the most common financial tools used in businesses today.

Finance is the language every manager should know and understand. Measuring performance in terms of finance is essential since managers are evaluated based on their department and company’s commercial performance success.

This workshop will teach delegates to accurately interpret financial statements, understand different cost systems, and interpret the difference between cash-flow (CF) and profit-loss (P&L) statements. The budgeting process will be detailed as an essential business tool to motivate teams, evaluate projects, assess change-effectiveness and drive overall business performance.

Tutorial sessions, case studies, practical exercises, presentations and syndicate work make this a practical, hands-on course.

Workshop Objectives - Delegates Will Be Able To…

  • Interpret basic Profit & Loss, Cash Flow and Balance Sheet statements
  • Recognize the differences between P&L and CF
  • Understand various methods and uses of cost-accounting and depreciation
  • Use key performance indicators to measure business and departmental performance
  • Analyze performance using budgeting and variance analysis techniques
  • Use financial terminology with confidence

Post Workshop - IMPACT™ Program

IMPACT™ Project – Delegates identify a work-related project during the last hour of the training that will be used as a measurable indicator of successful application and implementation of the training content.

IMPACT™ Coaching – The delegates participate in custom-designed coaching sessions to facilitate the completion of their IMPACT™ Project.   Delegates document the project’s life cycle and all related issues in the provided coaching booklet.

Course Outline : 

Workshop Agenda – Day One

WELCOME

Introduction And Course Objectives
Agenda begins with the introduction of course, material, methodology and pedagogy. Instructor coordinates introduction of delegates through icebreaker activity.

Business Financial Tools And Terminology  
Here we look at the three main financial instruments every business uses: Income Statement, also known as Profit and Loss (P&L); Balance Sheet and Cash Flow Statement. Section will include the role of each of these instruments, what they measure and their limitations. Included in this section is an introduction to common finance terminology.  

LUNCH

Business Performance Measurement  

Segment includes the review of business ratios and other key performance indicators; the limitations of financial performance indicators; creating and tracking your own department’s performance indicators; historical and forward looking performance indicators; and using indicators to motivate and encourage high performance.

Estimating Performance And Forecasting Methods  
Delegates will learn to calculate reliable forecasts and predictions, using historic figures, combined with reasonable future expectations, both in terms of costing and sales. They will also review commonly made mistakes in the forecasting process.

CLOSING
Review the main points of interest of the day, identify possible work-projects, and preview day two.

Day: 

Workshop Agenda – Day Two

WELCOME

The Role Of Costing And Cost Analysis To Becoming More Efficient
Delegates will gain an understanding of different costing methods and the relationship between costing, valuations and profit. The course includes the review of costing as a basis for pricing and expense reduction methods that work. They will learn to increase accountability and drive efficiency by analyzing the cost-of-services and cost-of-goods using cost accounting.

The Budgeting Process  
Learn how to develop accurate budgets and use them to develop measurable goals and drive performance. Segment includes an overview of the budgeting process, different budgeting methods, budget essentials to be effective and budgeting for quality and risk. Course includes preparing budgets, budget reviews and variance analysis. 

LUNCH

Understanding Finance Managers  
Learn how to deal with finance managers and accountants: what makes people in finance tick; the bottom line in any business; and how to develop a positive, high performance approach to the management of the finance aspect of delegates’ position.

Identification Of IMPACT™ Project
Delegates identify a work-related project during the last hour of the training that will be used as a measurable indicator of successful application and implementation of the training content.

CLOSING
Review the main points of interest for the course, deliver course administration like evaluation, action plan, certificates.

PDF File: 
application/pdf icon
Innesskirk - Finance For Non-Finance Managers.pdf
Duration: 
2 days
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