FormatechEdu

Course Outline


Finance for non-Finance Professionals

Duration

12 Hours

Language

English

Summary

The purpose of this workshop is to provide professionals and decision-makers, who do not possess a strong grounding in finance, an understanding of their firm's financial paradigm. Participants will gain a detailed understanding of critical financial fundamentals and will, as a result, be able to communicate with financial practitioners with more confidence.

Target Audience

This course will appeal to a wide range of audiences and is intended for Business Professionals who intend to earn financial skills.

Skills Gained

Upon completion of workshop participants will be able to:

  • Identify the main types of assets, liabilities, and stockholder’s equity in the balance sheet of a corporation
  • Identify the principal elements in the income statement of a corporation
  • Interpret a statement of cash flows
  • Understand how investors and managers use balance sheets, income statements, and cash flow statements to aid their decision making
  • Understand how companies make long term capital investment decisions and how decisions can affect the company’s financial result for years to come
  • Follow the principal steps in preparing a master budget
  • Prepare the operating and the financial budget
  • Understand the importance of budgeting to managers
  • Calculate break-even sales volume in total dollars and total units
  • Understand the types of futures contracts and the meaning of indexes

Topics Covered

1.       Essential Financial Statement:

  • Balance Sheet
  • Assets
  • Liabilities
  • Owners’ equity
  • Working Capital
  • Financial Leverage

2.       Income Statements

  • Operating Expenses
  • Gross Profit
  • EBIT
  • Net Income

3.       Cash Flow Statement

  • Operating Activities
  •  Investment Activities
  •  Financing Activities

4.       Finding Meaning in Financial Statements

  • Profitability Ratios
  • Return on Assets
  • Earning Per Share
  • Return on Investment

5.       Activity Ratios

  • Day Receivables Outstanding
  • Inventory turn over
  •  Solvency Ratios
  • Liquidity
  • Quick Liquidity

6.       Time Value of Money

  • Compounded Interest Rate
  • Opportunity Cost
  •  Present Value
  • Net present Value
  • IRR

7.       Economic Value Added

8.       Budgeting

  •  E-Budget
  • Budget Functions
  • Setting Assumptions
  • Operating Budget
  • Capital Budget
  • Cash Budget

9.       Breakeven Point

  • Cost Behavior
  • Variable Cost
  • Fixed Cost
  • Variable Contribution
  • Graphic Presentation

10.   Futures Market Overview

  • Type of futures contracts
  • Applications

Methodology

  • Learning Concepts/Presentations
  • Group Activities and Discussions
  • Tips and Tools
  • Individual and Team Exercises
  • Role Plays/Case Studies
  • Educational Videos
  • Action Plan to ensure Application of the Learning