This tailored workshop of finance for non-financial executives provides a wide spectrum of information related to how financial decisions affect business. The workshop enables executives to view the big picture of company strategy and take effective decisions.
Conduct breakeven analysis and calculate operating costs.
Determine main pillars on which short term or long-term decisions are taken.
Prepare financial forecast and budget for the department.
Evaluate time value for money and how it affects business.
Understand main financial statements such as income statement, cash flow statement and balance sheet.
Financial Decision Making and Analysis
The Nonfinancial Manager’s Concern with Finance
The importance of finance
Managing departmental costs
Break-even analysis
Cost-volume-profit analysis (CVP)
Margin of safety
Operating leverage
Making short-term, non-routine decisions
Accepting or rejecting orders
Pricing standard products
Analyzing the make-or-buy decision
Adding or dropping a product line
Financial forecasting and budgeting
Preparing a financial forecast
Structure of a budget
Inventory management
Inventory analysis
Inventory management considerations
Time value of money
Future values
Present value
Amortized loans
Rates of growth
Capital investment decisions
Types of depreciation methods
Features of investment projects
Return of investment – du Pont formula
ROI and ROE (return of equity)
Understanding financial statements
Income statement and balance sheet
Cash flow statement
Capital Budgeting
Approaches for budgeting
Reading the budget
Pricing strategies
Benefits of P&L reading
Steps of P&L analysis
How P&L affect decision making process
Strategy, Planning and Thinking in Perspective
Strategic thinking and planning
Strategic analysis of your industry and environment
The process a strategic planning
The Process of Planning your Strategy
Vision, mission and values form key elements of strategy
Planning models for success
Determining how the success of your plan will be measured
Strategy Execution and Implementation
Moving your organization forward
Dealing with resistance barriers
Non-financial executives from all departments
