Financial Management for Non-Finance Professionals

This 2-day course provides essential financial management skills for non-finance professionals, focusing on budgeting, financial statements, and decision-making. Designed for project managers, engineers, and operational staff, it equips participants with tools to understand and manage financial aspects of their roles.

Financial literacy is critical for professionals in non-finance roles to make informed decisions, manage budgets, and contribute to organizational success. Financial Management for Non-Finance Professionals is a 2-day course designed to equip professionals with practical financial skills. The course covers key concepts, including financial statements, budgeting, cost management, and financial analysis, tailored to industries like engineering, construction, and operations.

Participants will learn to interpret balance sheets, income statements, and cash flow statements to understand organizational financial health. The course addresses challenges such as budget overruns, cost control, and financial reporting, providing strategies to align financial decisions with project and business goals. It introduces tools like break-even analysis and key performance indicators (KPIs) to support effective decision-making.

The course simplifies complex financial concepts, ensuring accessibility for those without a finance background. This course is ideal for professionals seeking to enhance financial acumen, improve resource allocation, and communicate effectively with finance teams.

By the end, attendees will be equipped to manage budgets, interpret financial data, and make informed decisions, contributing to project success and organizational efficiency.

Day 1: Financial Fundamentals

• Introduction to financial management: Key concepts and terms.
• Understanding financial statements: Balance sheets, income statements.
• Budgeting basics: Planning and tracking expenses.
• Exercise: Creating a project budget.

Day 2: Financial Analysis and Decision-Making

• Cash flow management and cost control techniques.
• Financial analysis: Break-even analysis, KPIs.
• Aligning financial decisions with project goals.
• Managing finances in a construction project.

• Project managers, engineers, and operational professionals.
• Supervisors and team leaders managing budgets.
• Non-finance professionals in construction or technical industries.
• Individuals seeking to enhance financial decision-making skills.

• Interpret financial statements: Balance sheets, income statements, cash flow.
• Develop and manage project and operational budgets.
• Apply cost control techniques to prevent overruns.
• Use financial analysis tools like break-even analysis and KPIs.
• Align financial decisions with project and business objectives.
• Communicate effectively with finance teams and stakeholders.

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