Overview
Learn more
Many managers are experts in their own areas, but haven’t really had the time to learn about finance they need in their role
HIGHLIGHTS:
- Learn the essentials of business finance in just 2 days
- Make smarter decisions based on financial reports and data
- Learn how to “think finance” and translate performance into financial terms
KEY COMPETECES:
- Business finance
- Understanding financial ratios
- Cost analysis & profit planning
- 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.
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
Programme Modules
What will you learn and practice?
The Essentials of Business Finance for Non-Financial Managers is a 4 live online sessions hands-on training programme, highly interactive with exercises and role plays. The programme will be led by an experienced facilitator with former financial management experience in international companies.
Programme Modules:
1 – Basic Accounting Concepts
• The Importance of the Accounting Equation
• The Accrual Process
• The Difference Between Accounting Profit and Cash Flow
2 – Understanding Financial Statements
• 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
3 – Reviewing an Annual Report
• Various Components of an Annual Report
• Importance of Notes in Evaluating Financial Statements
• External Auditor's Role and the Significance of the Opinion Letter
4 – Evaluating a Company's Financial Statements
• 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
5 – Improving Profitability Through Cost Analysis and Profit Planning
• 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
6 – Capital Expenditure Analysis
• 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
7 – Budgeting More Effectively
• 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 PerformanceEssentials of Business Finance: For Non-Financial Managers (Live Online)
Testimonials
“ It is a perfect possibility to connect with people from different industries, who are dealing with the same issues.”
Agata Kulik, Product Manager Special Salts, Jungbunzlauer Ladenburg GmbH, Germany
“ Facilitator, content, tools, methods, room were very good and fitted to the participants and their needs.”
Andreas Armenat, Head of Production, GO Generics & Standard Solutions, Fresenius Kabi AG, Germany
“Very interesting topics, international and multicultural environment. Very professional coach.”
Alessandro Foresio, Vice President, Logic S.p.A., Italy
“The subjects covered were extremely relevant and gave input to my personal development.”
Rosa Karen Schmidt, Senior VP-Assistant, Novo Nordisk, Denmark
FAQ
ABOUT MCE’S LIVE ONLINE PROGRAMMES
What are MCE’s Live Online programmes?
MCE’s “Live Online” programmes, powered by AMA, are live, interactive, trainer-led courses that are completely user-friendly and accessible from your office or home PC. They’re the perfect time-saving alternative when you want training but can’t get away from the office. Live online sessions use Voice-over Internet Protocol (VoIP) technology and Adobe® Flash® Player which means facilitator and participants communicate over the internet using a USB Headset with microphone to speak and listen to each other during the sessions.
Who facilitates MCE’s Live Online programmes?
A member of our expert faculty of business professionals will lead your programme. Beyond our course leaders’ experience in business training, they are specially trained to present our high-quality content in an engaging, live online format.
What will I do during the Live Online sessions?
During the Live Online sessions, you will interact with the facilitator and with other participants using voice (VoIP) and text-based chat, as well as a range of sophisticated, yet easy to use, audience participation tools such as polls, whiteboard, etc.
Throughout the programme, you will engage in discussions and experiential activities based on realistic workplace scenarios, including practical exercises and role play in breakouts, as well as individual and group debriefs.
During the breakout exercises, you will have a unique opportunity to discuss challenges and apply skills in concrete practical situations, while receiving significant feedback from others.
What are the technical requirements for my computer?
The sessions are delivered via an Internet Explorer browser session using Adobe Acrobat Connect. Internet Browser and other technical requirements are available by clicking here.
Why can’t I join on a tablet or mobile phone?
Using a desktop or laptop computer is required in order to experience all the features and interactions during the programme. We strongly recommend against using tablets or mobile phones. Click here to check the technical requirements for your computer.
Can I join on Wi-Fi?
We strongly recommend joining the sessions through a wired internet connection. Please note that Wi-Fi, Blue tooth and mobile wi-fi are all unstable and cause a deteriorated experience not only for the affected participant, but for the entire group as well, including audio drop, disconnection from the rooms and delays in the interaction.
Why do I need a headset?
An appropriate computer headset with built-in microphone is required in order to attend Live Online sessions. A headset with a microphone will allow you to hear and be heard comfortably. Connecting with the computer’s built-in audio may create echoes affecting the whole group experience, therefore we strongly recommend against it.
Your headset should have the following characteristics:
- USB connection, with plug-and-play capability (i.e., with the software driver included)
- A built-in microphone with noise-cancelling capabilities
- Clear digital stereo headphone audio
A good indication that a headset will perform well for our Live Online sessions is a “designed for videoconferencing” or “designed for Skype” label. An example of a headset which has been found to work well with our Live Online programmes is the Logitech h340.
Several colleagues are attending this programme at the same time, can we all join together from the same room/computer?
Because of the various interactions taking place during the session, it is important that each individual participant joins the session on a separate computer, and from a separate room. In order to provide the best possible experience for all participants, we also strongly recommend that you sit in a quiet environment with no background noise (please try to avoid open space work areas).
What do I need to do in order to connect to the sessions?
We want you to feel completely comfortable and ready to go, so we’ll email you before your scheduled course and give you all the information you need about the simple set-up process.
What are the interactive features used during Live Online programmes?
You’ll be able to speak to and/or electronically communicate with the facilitator and other attendees. You can also share files, view the facilitator’s desktop, ask questions, tell the facilitator to speak louder, softer, slow down, etc. (through simple icons). You’ll see what your facilitator is writing, view and hear questions and comments from other attendees, and be able to work in subgroups. A headset is required for optimal communication throughout the Live Online programme.
How far in advance do I need to register for a Live Online programme?
The earlier the better. That way, you’ll have time to acquire your headset before the first lesson and have plenty of time to do any pre-work, downloading, pre-assessments, etc., that your programme might require. In order to experience the Live Online programme to its fullest, we recommend you register no later than one week before Lesson One.
I registered for a Live Online programme; why haven’t I heard from you?
After you register, we will always email you to confirm your registration and provide you with additional information before your first lesson. Occasionally, however, customers may not receive the emails because of their company’s email security settings, a spam blocker, or an incorrect email address. If you registered but didn’t get your confirmation email the day after registration, or an email with your access to the AMA Learning Portal, or your system readiness check email, please notify MCE Client Services at +32 2 543 21 20 immediately. We will make sure you have everything you need before your programme.
Will I get a certificate at the end of the programme?
After successful completion of the programme, participants will be awarded a Certificate. In order to qualify for this certificate, participants must register for and attend the programme using their individual log-in ID for the entire duration of the sessions. Speaking in the sessions via individual VoIP connection and participating in all of the chat, polling, and breakout exercises is required. Archived recordings or groups attending through one computer/connection do not qualify for the certificate.
What level of English do I need to take part in an MCE Live Online programme?
MCE’s participants come from over 90 different countries but all of our open enrolment programmes are run in English. You need to have a good working knowledge of English to be able to fully participate in the programme and engage in various interactions with other participants. If you have difficulty understanding these questions, the programme might be difficult for you too.
Security and Data Privacy
- Each participant uses a unique, system-generated Login ID via Internet email.
- Customer data privacy is a key priority for MCE. Maintaining your trust and confidence by handling your personal data securely is of the highest importance to us. For more information about what information MCE collects and how it is used, please read our Data Privacy Policy.
The MCE Team is ready to answer any questions you have. Please contact us by phone, email, contact form or even website chat. We would be happy to talk to you!
Dates & Locations
19 May – 20 May 25 (Live Online)
Live Online
06 Oct – 07 Oct 25 (Live Online)
Live Online
Duration
19 May - 20 May 25
19 May, 09:00 – 12:00CET
19 May, 14:00 – 17:00CET
20 May, 09:00 – 12:00CET
20 May, 14:00 – 17:00CET06 Oct - 07 Oct 25
06 Oct, 09:00 – 12:00CET
06 Oct, 14:00 – 17:00CET
07 Oct, 09:00 – 12:00CET
07 Oct, 14:00 – 17:00CET
Price
€2295
excl. VAT*
Brochure Download