Finance for Non-financials
The art of making good decisions based on numbers...
How important is for any manager the financial information in decision making? What is the budgets’ role and budgeting activity? What are cash flow representing, the profit and loss account P&L? What is cost representing and how important are all these in a decision making process? How do we interpret the financial analysis indicators?
Even though economic-financial reports furnished by economic departments are considered to be important tools for decision making and company’s management, for a non-financial is hard to efficiently use them under the circumstance that basis principles and used terms are almost unknown.
It is possible for managers to think that financial information is just a company’s obligation when it comes to relating with state’s fiscal institutions.
Our training course has set the goal of helping you to understand notions from financial reports, and to use them correctly when making a decision.
Target:
This training course addresses especially to managers and chief executives who need a general understanding of the financial management issues.
Objectives:
- Understanding the basic principles and customary terms used in financial statements
- Assessing and using financial information
- Being aware of the financial information when making decision
- Understanding different types of costs and the way these influence the process of decision making
- Being aware of the budgets’ role and budgeting activity
- Describing main tools and assessment modalities of profit centers efficiency
Modules:
- Financial accounting general notions
- Using financial reports
- Costs and its importance in decision making process
- Budget – a planning and controlling tool
- Cash-flow – understanding and management
- Understanding of the profit and loss account (P&L)
- Assessment of investments projects
- Assessment of financial results
- Performance indicators (profit, cash, investment and financing assessment)
- Profit vs. cash-flow