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Training Programmes  >  Develop Your Skills   >  Leading Business  >

Essentials of Business 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.

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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
Specialists, engineers, chemists, technical staff, logistics, commercial positions, project managers etc.
  • New Managers
Managers of teams including team leaders with up to 3 years' experience in this role
  • Managers
Managers of teams and departments with more than 3 years' experience in this role
  • Senior Managers
Managers of managers, countries, divisions, regions companies with more than 10 years of senior management experience

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

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

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 Performance
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Faculty

Bettina
Hausmann

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Bettina
Hausmann

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Bettina
Hausmann

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Bettina
Hausmann

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Bettina
Hausmann

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Upcoming Programmes

Choose your preferred learning solution

Face-to-Face
3 days
€2,995
  • SEE DATES

Date
City
Location
Information
11 Aug – 13 Aug 2025
London
Radisson Blu Hotel, London South Kensington
REGISTER
06 Oct – 08 Oct 2025
Brussels
City Centre
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08 Dec – 10 Dec 2025
Amsterdam
City Centre
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Live Online
4 sessions
€2,295
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Date
Sessions
Information
06 Oct – 07 Oct 2025
4 Sessions
06 Oct, 09:00 – 12:00CET
06 Oct, 14:00 – 17:00CET
07 Oct, 09:00 – 12:00CET
07 Oct, 14:00 – 17:00CET
REGISTER

In-Company
This programme is available as an In-Company solution for you teams.
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Get in touch with the MCE team to learn more about implementing this programme for your team.

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  • SEE DATES

  • SEE DATES

  • CONTACT US

Date
City
Location
Information
11 Aug – 13 Aug 2025
London
Radisson Blu Hotel, London South Kensington
REGISTER
06 Oct – 08 Oct 2025
Brussels
City Centre
REGISTER
08 Dec – 10 Dec 2025
Amsterdam
City Centre
REGISTER

Date
Sessions
Information
06 Oct – 07 Oct 2025
4 Sessions
06 Oct, 09:00 – 12:00CET
06 Oct, 14:00 – 17:00CET
07 Oct, 09:00 – 12:00CET
07 Oct, 14:00 – 17:00CET
REGISTER

Contact Us

Get in touch with the MCE team to learn more about implementing this programme for your team.

Contact Us - Inco Request
I am interested in training for *
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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

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

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