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Finance for Non-Finance Professionals

Finance for Non-Finance Professionals

Delivery

Face-to-face or virtual workshop

Duration

1 day

Essential financial knowledge required to support you at work

This specialised workshop is designed for individuals without a financial background who are involved in financial decision-making.

If you find yourself tasked with budgetary responsibilities or financial management in your role and are aiming to enhance your career by gaining a solid grasp of budgeting and financial management fundamentals, this workshop is tailored just for you.
Recognising the importance of financial literacy in climbing the ladder to senior leadership positions, this workshop is crafted for those who may not have formal training in finance but are in charge of managing budgets.

This workshop is your gateway to becoming proficient in finance, a vital skill for your professional advancement.

Key Content

Fundamentals of Financial Management: Introduction to basic financial concepts, principles, and terminology.

Budgeting Techniques: Comprehensive overview of various budgeting methods, how to prepare and manage budgets effectively.

Reading Financial Statements: Skills to interpret and analyse balance sheets, income statements, and cash flow statements.

Cost Management: Understanding cost types, cost behavior, and strategies for cost control and reduction.

Financial Decision Making: Tools and techniques for making informed financial decisions, including cost-benefit analysis.

Risk Management: Identifying, assessing, and managing financial risks in business operations

Performance Measurement: Techniques for assessing financial performance, including key financial ratios and benchmarking.

Financial Reporting and Compliance: Overview of standard financial reporting practices and regulatory requirements.

Strategic Financial Planning: Linking financial goals with strategic business objectives, long-term financial planning.

Course Format

Duration

1 day

Delivery

Face-to-face or virtual workshop

Work-based activities, including presentations, group tasks and case studies

Understand and explain accounting terminology.

Understand how funding allocations are developed and how to influence them.

Understand the rules about expenditure, including regulations and Acts governing the use of different types of funds.

Prepare unit budgeting, including salary budget.

Analyse financial data and deliver financial reports suited to business needs.

Understand internal controls and monthly reporting.

Manage across several project budgets, and identify from financial reports when allocated funds should be reallocated.

Benefits for you

Acquire financial skills to enhance your value and potential for leadership roles.

Increase your confidence in in handling financial responsibilities and discussions.

Improved comprehension of how financial decisions impact the broader business.

Benefits for your organisation

Enhanced ability of staff to make informed and strategic financial decisions.

Better management and allocation of budgets, leading to cost savings and efficient resource utilisation.

Improved capability in monitoring and interpreting financial performance, aiding in proactive decision-making.

Any Questions?

If you would like assistance with your course selection, please complete the form below
or call 1300 950 251