Principles of Finance course participants will gain the following significant benefits:
- Development of a vocabulary of financial terms
- Knowledge of financial concepts in order to more effectively understand financial implications in their business
- Skill Development to read and analyze financial statements
- Ability to better assess financial risk
- Ability to customize master budgets for their area(s) of responsibility
This Principles of Finance course is recommended for:
Mid-level managers with some or no financial management knowledge who wish to understand financial concepts and documentation to be able to discuss such matters more effectively with financial personnel
There are no pre-requisites for this course
Upon completing this course you will be able to:
- Understand fundamental finance terminology and key concepts
- See how your day-to-day decisions impact on your company’s flow of money (cash flow) and profit
- Make the difference between cash flow and profit
- Understand the structure and purpose of three key financial statements: balance sheet, income statement (profit or loss), and the statement of cash flows
- Perform basic analysis of financial statements through vertical, horizontal, and ratio analyses
- Understand fundamental key management accounting terms and concepts
Introduction to Financial Management
- What is finance?
- What is the difference between finance and accounting?
- Risk assessment
Understanding Financial Statements
- The Accounting Equation: Assets, Liabilities and Equity accounts
- The structure and function of the: Balance Sheet, Income Statement (Profit & Loss) and the Statement of Cash Flows
- What is depreciation?
Introduction to Management Accounting
- Fixed, variable, and mixed costs
- Breakeven analysis
- Capital structure and working capital
- Cash flow considerations
- Understanding the value of money over time
- Capital budgeting and calculating net present value
- Calculating return on investment
- Budgeting methods and creating a master budget
Putting it All Together
- Recap of all key material
- Practical assessment: How can this new knowledge be used to improve your work performance?
This course is designed to be taught interactively with maximum attendee participation. There will be group exercises (including role playing), training videos, and group discussions that emphasize real life experience.
Since graduating from the ISF major in 2011, Pat scaled a startup BPO firm that specializes in the luxury goods market into the European marketplace as a Global Business Development Manager. This allowed for plenty of travel while he was tasked with opening new offices abroad. He then became the Managing Director for the company’s European subsidiary, advising the board of directors for the domestic firm. By identifying the right countries for growth while prioritizing work-life balance for future employees, Pat focused the company on factors beyond profitability.
Presently, after pursuing an advanced dual degree in international affairs at Sciences Po in France and the London School of Economics, he is now an adjunct instructor for the American University of Phnom Penh.
Want More Information?
Check our Course Outlines (PDF) here: Principles of Finance for Non-Financial Managers CLPD Course Outline
You can also contact us at:
Phone: 023 990 023