Accounting & Finance for Nonfinancial Professionals
This course transforms financial and accounting concepts into decision-making tools you can use successfully every day. You will gain a practical understanding of how to use financial data to inform and impact the decision-making process. And, you’ll learn how to translate that information and apply it to your function or department quickly and efficiently.
You will also learn to apply the fundamentals of finance to improve budget management, increase potential profits and assess the financial viability of projects.
Instructional case studies featuring real business scenarios and financial practice applications are used daily to enhance the learning experience. Throughout the finance and accounting program, participants interactions and discussions lead to a rich classroom experience.
COURSE CONTENT
- What constitutes balance sheets, income statements, cash flow statements as well as the importance of notes and accounting policies
- Financial ratio analysis
- Key non-financial performance measures
- Cost considerations…causes and avoidance
- The concept of contribution and marginal costing
- Corporate financial planning
- Measures of performance including ROE, RONA and EVA(r)
- Working capital management
- Growth, cash-flow and profitability considerations
- Discounted cash-flow and capital costs
- A Manager’s Guide to Budgeting
- Comparing budget approaches
- Types of budgets
- Budgeting as a planning and control tool
WHO SHOULD ATTEND?
This course three days course is designed to provide managers in non-financial positions with a practical understanding of finance and accounting. It is useful for managers who wants to develop their knowledge of financial practices to improve their managerial skills and operational performance.
TRAINING OUTCOME
The course will help nonfinancial managers to understand and apply the general knowledge in financial management practices, financial statement, accounting techniques among others, for business decision making.
METHODOLOGY
Modern and effective training techniques will be used by facilitators, including:
- Presentation: PowerPoint and/ video
- Case studies review
- Demonstrations
Note:
- If you would like SINOP to arrange the offsite location and package, a detailed budget can be provided.
- Cost includes Two weeks of free advice to participants on the training area.
- Certificate of participation.
JUSTIFICATION FOR RECOMMENDING
If your training will involve multiple teams, as in the case of the current
proposal, the Bunge team will have the opportunity to take advantage of
breakout spaces that allow different teams to interact with each other during
breaks from the training session. The possibility of team members rushing
back to their desks during breaks will be eliminated. Therefore, the offsite
concept remains an opportunity to encourage inter-team networking.
REMOVE DISTRACTIONS
When training events are held at the office, interruption (especially the staff)
is inevitable. Colleagues walking in with “quick” questions and which in most
cases could wait till after the training. While there will be some exceptions to
this, training sessions will benefit from being away from the office as it will
minimize these disruptions. Offsite training is captivating and makes sure
messages are effectively conveyed. That is, being at a different location from
the usual working environment can eliminate distractions and provide
delegates with the opportunity to fully grasp the new information.
Off-Site Package
GH¢950.00/participant
Coffee Breaks and Lunch Buffet: To be provided
Date: Aug 7, 2023
Duration:1 Full Day Workshop
Hotel Accommodation: N/A
Venue: Holiday Inn Accra Airport
