Learning outcomes of 'Finance for non-finance Managers'

Over the last 16 years, we've trained 33,000+ financially illiterate non-finance managers who:

- Couldn't budget properly

- Couldn't interpret financial data

- Struggled with numbers and P&L's

While companies have heard of finance for non-finance managers training, many companies are unaware of the learning outcomes of such courses and how the topics covered actually help staff make better financial decisions.

I can't speak for other training companies but I can list the topics we cover and the learning outcomes we focus on in our virtual 7.5 hour 'finance for non-finance managers' training to give your more insight.

Read and analyze financial statements

Financial statements refer to your balance sheet, P&L and cash flow statement. Most non-finance managers are exposed to at least one of these financial statements yet often struggle to make sense of and understand what they are saying.

Understand the main accounting concepts

Every non-finance managers needs some accounting basics in order to understand how financial transactions impact financial statements and how they drive behavior and performance.

The financial impact of strategic decisions

Developing an understanding of the levers that impact margin and profitability are vital so that non-finance managers can make better strategic decisions.

Financial decisions that drive the business forward

When non-finance managers can read and understand financial information, they are empowered to use that information to make better financial decisions that drive the business forward.

Make sense of financial jargon

When non-finance managers understand financial jargon and terms, they can take part in financial conversations and are in a better position to discuss relevant financial issues confidently

Understand the difference between profit and cash flow

Accrual accounting is a difficult concept for non-finance managers. Yet, it's critical they master accrual accounting basics to understand that the business could be profitable yet cash strapped or be cash positive and making a loss.

Understand the components of working capital

Working capital and working capital management are key concepts that non-finance managers are often not aware of. Operating in a vacuum without understanding working capital needs has been the downfall of many a business.

Interpret financial ratios

Financial ratios are relationships between different components of the financial statements and they shed light on what's healthy and what's not, where the business needs to pivot and where changes should be made.

Budgeting for success

Many non-finance managers don't budget efficiently and stunt organizational growth. A budget, when prepared and executed properly can be a guide book for business success.

When non-finance managers master these topics, the results are immediate. With their newfound financial knowledge and improved commercial acumen they are able to make a meaningful contribution to company growth and success.

Hope you have a great weekend.

Best,

Mark

www.accountingmadeeasy.co

Whenever you're ready, there are 3 ways I can help you:

1. Finance for non-finance Managers – Fundamentals?- This course is delivered virtually in three 2.5 hour modules. Our expert finance facilitators use our interactive finance game to help non-finance staff understand financial jargon, make sense of P&L’s and make better financial decisions.
2. Finance for non-finance Managers – Customized?- This course is a customized follow-up to the fundamentals course. We prepare case studies using your P&L’s and business numbers to help your non-finance staff with commercial acumen and apply what they have learnt in a practical and real way.
3. Finance for Sales Teams?– This course helps sales teams drive profitability by giving them the financial skills to protect and improve their margins.