Essentials of Business Finance: For Non-Financial Managers

Essentials of Business Finance: For Non-Financial Managers
June 16th, 2024

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 3 days
  • Make smarter decisions based on financial reports and data
  • Learn how to “think finance” and translate performance into financial terms

KEY COMPETENCES:

  • Business finance
  • Understanding financial ratios
  • Cost analysis & profit planning
  • Reviewing financial statements
  • Effective budgeting
  • Capital expenditure analysis

The Right Programme for you

LEVEL: Managers, Business Professionals

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 Fundamentals of Finance and Accounting 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 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 Performance
 

Associates

Rainer Benz

Damien Jelsch

Andreas Matje

Pramod Jain

Xuefeng Liu

Stephane Bliek

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 OPEN ENROLMENT PROGRAMMES

What time does the programme start and finish?
MCE programmes start at 9:00 and finish at 17:00. Lunch is a 1-hour break and there are two coffee breaks too. On the last day, the programme finishes at 16:30 as we know a lot of people have to catch planes and trains.

What should I wear (dress code) when participating in an MCE Programme?
Most participants wear Business Casual clothes. A formal business suit is not necessary.

Are there MCE approved/recommended hotels?
Yes, each programme has recommended hotels that have the best rates. We include details of these hotels in your registration pack.

Are meals included? I don’t eat certain food. Can I order special meals?
Lunch is provided every day and we always organize a buffet so you have a good choice of foods to cater for different needs.

Are there evening activities?
Your evenings are free, although there some exceptions (e.g. On the MCE Leadership Development Programme there is an activity on day 3)

Is there a free Wi-Fi?
For programmes at MCE in Brussels, there is free Wi-Fi throughout the building. For other locations, the services can vary, but in most locations we have organized free Wi-Fi.

What level of English do I need to take part in an MCE 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 network with other participants. If you have difficulty understanding these questions, the programme might be difficult for you too.

Will I get a certificate at the end of the programme?
Yes, a certificate of attendance is provided to you upon successful completion of the programme.


CONTENT OF MCE’S OPEN ENROLMENT PROGRAMMES

Are MCE programmes certified by an official body/organization?
10 of MCE’s top selling programmes are approved by Project Management Institute and you can find more information on these programmes here.

What is the MCE approach to learning and development?
All of MCE’s Open Enrolment programmes are based on MCE’s FEEL-THINK-DO and 70-20-10 principles to enable effective learning transfer.

Who designs MCE programmes?
Our Portfolio team together with the core MCE Senior Associates design all of our programmes based on the ROPES model.

Are MCE’s Programmes practical?
MCE’s programmes are all designed to allow to practice what you have learnt. So you will have lots of time to practice, practice and practice.

 

REGISTRATIONS, PAYMENTS AND FEES

Are VAT rates included in the price?
The price advertised in this page is VAT excluded and applicable to clients and companies legally based in the European Union.

All clients outside the European Union (EU), e.g. Middle East, Africa, Asia and America, are exempt from VAT rates. For them, the price advertised here is the final price to be paid.

  • One exception: Training Programmes in France. All clients (inside or outside the European Union) following training programmes in France are liable to 20% VAT rates in all cases.

When are VAT rates applicable to me?
In the case of clients and companies legally based in the European Union, VAT rates will be added to the price in the following cases:

  • If the client is a natural person (B2C) without a VAT number. 21% VAT applicable.
  • If the training programmes runs in France: 20% VAT applicable.
    • Also applicable to clients outside the European Union (EU)
    • Except when
      • The client is VAT-exempt
  • If the client is legally registered in Belgium (independent from where in Europe the training programme is followed): 21% VAT applicable.
    • Except when:
      • The client attend the training programme in France: 20% VAT applicable instead.
      • The client is VAT-exempt
    • If the client does not provide a corporate VAT number or does not have any VAT number: 21% VAT applicable (Only applicable to clients in the EU).

I don’t have approval from my finance team yet, can I make a tentative registration?
Yes, simply contact us and we will hold a place for you.

Is hotel accommodation included in the programme fee?
No, participants are expected to arrange their own accommodation and travel. The Programme fee covers the programme attendance, materials, lunches & refreshments.

Does MCE give discounts or grants for individual registrations?
MCE works mostly with companies and organizations and we can provide corporate deals for group bookings or preferred supplier deals. If you would like to discuss a corporate deal, we will be happy to talk to you.

Can I pay with my corporate credit card?
Yes, you can. We accept VISA, Mastercard and Amex.

Does MCE have corporate deals/frameworks available?
Yes, we have. Please contact us for more information.

Can I cancel or change my booking free-of-charge?
At MCE, we understand that business people have commitments and changes do happen. So you can cancel or change your registration up to 21 days before the programme starts without any fees or charges. After that date, you will need to pay full fees, but you are allowed to transfer once to a new programme date.

 

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!

http://phone+3225432120

Leading BusinessClassroom ProgrammePMI Certified Programme

Dates & Locations

10 Jul – 12 Jul 24 (Barcelona)

07 Aug – 09 Aug 24 (London)
etc.Venues County Hall

23 Sep – 25 Sep 24 (Dusseldorf)

07 Oct – 09 Oct 24 (Brussels)

20 Nov – 22 Nov 24 (London)

Duration

3 Day(s)

Price

€2995
excl. VAT*

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