Finance for Non-Finance Managers

This dynamic DIXONTECH course empowers non-financial professionals with a solid understanding of financial principles, statements, and decision-making tools essential for effective management. Participants will gain the confidence to interpret financial data, control budgets, assess performance, and contribute meaningfully to organizational financial decisions. The course bridges the gap between operational and financial functions, enabling managers to communicate effectively with finance teams and make informed strategic decisions.

TRAINING TOPICS

• Understanding Financial Terminology and Basic Concepts
• Structure and Components of Financial Statements
• Profit and Loss (Income Statement) Analysis
• Balance Sheet Interpretation and Ratios
• Cash Flow Statement and Liquidity Management
• Budgeting, Forecasting, and Cost Control
• Investment Appraisal and Financial Decision Tools
• Key Performance Indicators (KPIs) and Business Metrics
• Linking Finance to Strategy and Operations
• Case Studies: Financial Decision-Making in Practice

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

• Understand key financial reports and statements
• Analyze profit, costs, and cash flow effectively
• Apply budgeting and forecasting tools in decision-making
• Evaluate investment and funding alternatives
• Communicate financial implications clearly to stakeholders
• Link financial performance with strategic objectives
• Contribute confidently to financial discussions and reviews

TRAINING IS TAILORED TO:

• Department heads and team leaders
• Project and operations managers
• Marketing and sales professionals
• HR and administrative managers
• Engineers and technical supervisors
• Entrepreneurs and business owners

TRAINING METHODOLOGY

The course uses interactive lectures, group activities, and real-world case studies. Participants will analyze financial statements, perform ratio calculations, and engage in budgeting simulations. The methodology emphasizes practical understanding of finance through visual examples and hands-on exercises that translate complex financial data into actionable insights.

DAY 1

Introduction to Finance and Accounting Fundamentals

• Define key financial and accounting concepts
• Differentiate between accounting and finance functions
• Understand business finance within the organizational context
• Review financial reporting cycles and stakeholders’ needs
• Identify essential financial statements and their purposes
• Case study: The financial impact of business decisions

DAY 2

Understanding and Interpreting Financial Statements

• Explore the structure of the income statement
• Analyze profitability and performance indicators
• Understand the balance sheet components and relationships
• Assess assets, liabilities, and equity dynamics
• Interpret the cash flow statement for liquidity insights
• Workshop: Reading and analyzing a company’s financial report

DAY 3

Costing, Budgeting, and Performance Control

• Understand fixed, variable, and semi-variable costs
• Apply cost allocation and control mechanisms
• Develop and manage departmental budgets
• Monitor variances and improve performance using cost data
• Link cost efficiency to operational strategy
• Exercise: Preparing a departmental budget and variance report

DAY 4

Investment Appraisal and Financial Decision-Making

• Identify capital investment decision tools (NPV, IRR, Payback)
• Analyze risk and return in financial decisions
• Understand time value of money and discounting concepts
• Evaluate funding options and financial leverage
• Apply scenario analysis in investment planning
• Case study: Selecting between competing investment projects

DAY 5

Integrating Finance with Business Strategy

• Align financial planning with strategic objectives
• Develop financial KPIs and dashboards
• Communicate financial insights to non-financial audiences
• Apply financial analysis to improve decision-making
• Build a financially driven management mindset
• Capstone: Create a financial improvement plan for your department