Financial Management Training for Non-Financial Professionals
The sustainability of businesses and their capacity to create value depend largely on profitability. However, the impact of financial decisions is not limited to the finance department alone; the decisions made by managers and specialists at every level directly affect the company's financial health. Grupas' Financial Management for Non-Financial Professionals training equips professionals without a finance background with core financial concepts, enabling them to understand the financial matters they encounter in their managerial roles and to take a more effective part in them.
This comprehensive 2-day classroom program is delivered in a boutique classroom setting of maximum 15 participants, and all participants who complete the training receive a certificate of attendance.
Training content: company types and their legal structures; core financial statements (balance sheet, income statement, cash flow statement); comparison of profit and cash flow; financial analysis (ratios, comparisons and trend analysis); planning, budgeting and budget control; cash flows and their management; costs and short-term decisions; investment decisions and project valuation; the time value of money (interest, discounting, present and future value) and its applications in business.
Benefits for Your Company
- Spreads financial literacy: Employees at different levels use financial concepts correctly and contribute to the company's financial health and sustainability.
- More accurate decisions: Managers raise the quality of their decisions by foreseeing the impact on profitability and cash flow.
- Strong budget discipline: Deviations are noticed early in planning, budgeting and budget control processes, and resources are used more efficiently.
- Effective cash management: The difference between profit and cash flow is understood, and liquidity risks are reduced.
- Correct prioritization in investments: With knowledge of project valuation and the time value of money, investment decisions rest on sounder justifications.
- A common financial language: Communication between departments accelerates, and collaboration between finance teams and business units grows stronger.
Who Is It For?
It is designed for managers without a finance background, middle and senior level leaders, specialists, team leaders and all professionals carrying budget or decision-making responsibility.
