Financial Management for Non Financial Managers

Course objectives

• Interpret the income statement, balance sheet, and cash flow statement without prior accounting training
• Apply cost behaviour and break even analysis to day to day departmental decisions
• Use key financial ratios to assess the health of a business unit or project
• Build and defend a departmental budget in terms finance directors respect
• Evaluate the financial implications of operational proposals before they reach the finance committee

Who should attend

• Operations, technical, and engineering managers with budget responsibility
• Project managers overseeing donor or government funded initiatives
• Department heads new to financial oversight duties
• HR, procurement, and administration managers who liaise with finance
• Team leaders being groomed for general management roles

Course outline

1. 01Understanding the language of finance and the three core statements
2. 02Cost classification, break even analysis, and margin thinking
3. 03Reading and questioning financial ratios and management accounts
4. 04Budgeting principles and variance analysis for non specialists
5. 05Capital versus operating expenditure and basic investment appraisal
6. 06Translating financial insight into confident cross functional decisions

Scheduled sessions