Duration

3.5 hours

Language of Delivery

Cantonese, English or Mandarin

Introduction

In today’s business world, even non-financial managers need a solid grasp of financial principles to make sound decisions and contribute to organizational success. This course provides a foundational understanding of financial concepts, enabling participants to interpret financial statements, manage budgets, and improve their decision-making capabilities.

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Course Details

Objectives
  • Provide non-financial managers with a foundational understanding of financial concepts and terminology.
  • Enable participants to interpret and analyze key financial statements.
  • Equip managers with the skills to prepare, implement, and monitor budgets effectively.
  • Enhance decision-making capabilities by understanding the financial implications of managerial actions.
Methodology
  • Presentation Slides: Visual aids to support key concepts and facilitate understanding.
  • Handouts: Summary of financial terms and key statements for reference.
  • Interactive Discussions: Encourage participant engagement and sharing of experiences.
  • Case Discussion: Real-life scenarios to apply learned concepts.
Key Takeaways
  • A solid understanding of core financial concepts and terminology.
  • The ability to read and interpret key financial statements (Profit & Loss, Balance Sheet, Cash Flow).
  • Skills in creating, managing, and monitoring budgets.
  • The ability to apply financial concepts to improve decision-making and strategic planning.
Agenda
  • Introduction to Finance Basics
  • Understanding Financial Statements
    • Detailed analysis of the Profit & Loss Statement.
    • Understanding the Balance Sheet: assets, liabilities, and equity.
    • Cash Flow Statement: categories and significance.
  • Budgeting Fundamentals
    • Definition and importance of budgets.
    • Steps in writing a budget: methods, categories, and line items.
    • Monitoring and adjusting budgets based on performance.
  • Practical Application
    • Case discussion and real-life examples to illustrate financial concepts.
    • Discussion on how financial decisions impact overall business strategy.
Target Participants
  • Non-financial managers
  • Team leaders
  • Professionals in operations, marketing, HR, and other non-finance roles
  • Anyone seeking a better understanding of financial principles