Finance for Non-Finance Professional Course

Training Program – Intertek Academy

There is a greater need to understand financial information, particularly the balance sheet, profit and loss account, cash flow statement and impact of transactions on these statements as companies strive to enhance their shareholder value. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction in shareholder value.

By raising financial awareness, participants are better able to manage businesses’ revenues, costs, profits and cash. Participants will also be able to use their financial knowledge to make more effective decisions. This training will provide basic financial principles and cover generic financial management tools necessary for decision making. Learning is achieved via practical examples which reinforce the theory; case studies and short exercises.

Benefits of the Training:

  • Understand the financial statements and its key elements
  • Acquire the skills to create and analyze basic income statements, balance sheets, and cash flow statements
  • Know about Budget and Budgetary Control
  • Analyze the reasons for variances between the actual and budgeted results
  • Understand what the cost of business operations is and how to manage the same
  • Appreciate where, when, how, and why shareholder value is created or destroyed

Course Content:

Module 1: Understanding & Interpreting Financial Statements

  • Basic Accounting concepts
  • Financial Statements
  • Accounting records and systems
  • Financial health assessment
  • Ratio analysis & interpretation of ratios

Module 2: Understanding Costs, Price, Volume and Profits Relationship

  • Different types of costs
  • Allocation of Costs
  • Break-Even analysis
  • Contribution Margin
  • Relationship among Costs, Price, Volume and Profits

Module 3: Budget and Budgetary Control

  • Preparation of Budget
  • Budget process
  • Sales and costs budget
  • Linking Budget with Performance
  • Budgetary controls and analysis

Who can join:

  • Directors, managers or anyone who uses financial information in the course of their work.
  • People who have little or no prior training in finance and accounting
  • Have some accounting or finance background but want to deepen their appreciation of the language and fundamental applications of accounting and finance
  • Marketing personnel or other technical executives, who are required to take divisional financial decisions; professionals who need a knowledge of financial terminology and financial analysis

Please complete the form below to begin your registration.