...
Find your programme

Training Programmes  >  MCE Weeks  >  

MCE Week: Finance for Non-Financial Managers

Many managers are experts in their own areas, but haven’t really had the time to learn about finance they need in their role.

WATCH VIDEO
See dates & locations

The Key Issues

As a manager in an international company, you now have to manage your team but also deal with financial aspects of your role. You need to manage budgets, forecasts and report on your team’s performance.

Business
finance

Understanding financial ratios

Cost analysis & profit planning

Key Competences​

Reviewing financial statements

Effective
budgeting

Capital expenditure analysis

The Right Programme for You

You are a non-financial manager. You need to get a better understanding of business finance for your role. You want to understand financial reports, budgets, ratios and make better decisions using the right data.
  • Business Professionals
  • New Managers
  • Managers
  • Senior Managers

Highlights

Learn the essentials of business finance in just 3 days.

Make smarter decisions based on financial reports and data.

Learn how to “think finance” and translate performance into financial terms.

Learn, Practice and Use

  • Get a better understanding of the numbers side of your job
  • Learn how to “think finance” and use data to make better decisions
  • Develop proactive working relationships with finance professionals
  • Gain greater confidence with a working knowledge of business financials
  • Understand the business dynamics of cash - and take initiatives that meet your team's, department's or company's short and long-term goals
  • Take the guesswork out of your decision-making and use financial data to deliver a better bottom line
  • Distinguish between capital expenditure budgets and operating budgets
  • Understand the role of budgeting and issues that budgets can solve
  • Share your knowledge and challenges with your peers and MCE's highly experienced faculty

Watch the Video

Discover what this training programme is all about.

Click to watch the video

Programme Details

The Essentials of Business Finance for Non-Financial Managers is a 3 day or 4 live online sessions hands-on training programme, highly interactive with exercises and role plays. The programme focuses on the key skills you need in your day-to-day management role. This includes budgeting , forecasting, ROI analysis and understanding the company’s financial statements.

Seven Programme Modules

  • The Importance of the Accounting Equation
  • The Accrual Process
  • The Difference Between Accounting Profit and Cash Flow
  • Understand the Purpose of and Terminology Associated with the Following Financial Statements
  • Income Statement or Profit and Loss Statement (P&L):
    • Balance Sheet
    • Statement of Retained Earnings
    • Cash Flow Statement
  • Prepare a Set of Simple Financial Statements
  • Understand the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements
  • Understand How Various Business Transactions Affect the Financial Statements
  • Various Components of an Annual Report
  • Importance of Notes in Evaluating Financial Statements
  • External Auditor’s Role and the Significance of the Opinion Letter
  • Calculate the Key Financial Ratios Using the Financial
  • Statements Use Financial Ratios to Evaluate:
    • An Organization’s Liquidity, Leverage and Profitability
      The Performance of an Organization as Compared to Its Competitors’
      An Organization’s Performance Compared with Budgeted Goals
  • Identify Sources of Financial Information Beyond the Financial Statements
  • Use the Dupont Formula to Evaluate Management Performance
  • Use the Concept of Economic Value Added (EVA(R)) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization Is Adding Value to the Business
  • Differentiate Between Fixed and Variable Costs
  • Help Your Organization Improve Profitability Through the Use of:
    • Break-Even Analysis​​​​
    • Contribution Margin Analysis
    • Direct Costing in Appropriate
    • Understand Traditional Cost Accounting and Its Limitations
    • Understand the Relevance of Activity-Based Costing in Today’s Business Environment
  • Distinguish Between Capital Expenditure Budgets and Operating Budgets and Understand the Function of the Capital Budget
  • Understand Why Cash Has a Time Value
  • Recognize and Apply Different Methods of Evaluating Capital Expenditure and Monitoring Project Performance
  • Understand the Role of Budgeting and Issues That Budgets Can Solve
  • Understand the Budgeting Process
  • Identify Different Types of Budgeting Systems in Use Today
  • Analyze Budgets for Different Purposes
  • Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance
Brochure Download
CONTACT US FOR MORE INFO

Faculty

Bettina
Hausmann

LEARN MORE

Bettina
Hausmann

LEARN MORE

Bettina
Hausmann

LEARN MORE

Bettina
Hausmann

LEARN MORE

Bettina
Hausmann

LEARN MORE

Testimonials

Testimonials

Other MCE Recommended Programmes

Essentials of Cost Accounting

  • 3 Days In Person
  • Available In Company

Essentials of Purchasing: for the New Buyer

  • 3 Days In Person
  • Available In Company

Developing Your Analytical Skills: How to Research and Present Information

  • 2 Days In Person
  • 4 Sessions Online
  • Available In Company