Finance for the Non-Financial Manager training centre in Bangladesh

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Finance for the Non-Financial Manager

Introduction

Finance is an important functional area. However, most executives in functions other than finance e.g., HR, have little knowledge of it or may have forgotten what they had learned. Senior managers are required to take decisions cutting across departmental boundaries. Managers, as they progress, are increasingly exposed to financial information and hence need financial literacy. This course fills this gap.

Benefits
Participants will get a basic understanding of the meaning, role and scope of Finance in modern business. Managers will be able to see how Finance impacts their operations and vice-versa, for example as regards working capital. They will appreciate concepts like ROI and be able to exchange meaningful information with upper management. Managers will be comfortable using financial terminology.

How participants will benefit after training
Participants will be able to:
(a) describe a basic accounting system, journal entries, and the purpose of periodical financial statements
(b) describe and interpret the statement of affairs and statement of comprehensive income
(c) describe and track common types of product or service costs
(d) describe working capital and its importance
(e) draw up a rudimentary cash budget for the department
(f) carry out basic ratio analysis, &
(g) appreciate what resources are being used up in operations and explain how cost savings translate into improved bottom line.

Methodology

Lecture, power point, white board, handout & exercises. Class participation will be encouraged and quizzes & tests will be administered to reinforce learning.

Contents of Training:

Session 01:
(a) Accounting Equation
(b) Types of Financial Statements & the Relationship between them
(c) Journal & Adjusting Entries
(d) Trail Balance

Session 02:
(e) Structure of the Balance Sheet, Statements of comprehensive income & Cash flows and their relationships
(g) Audit Report
(h) Basic cost concepts

Session 03:
(i) Current assets, current liabilities & working capital
(j) Cash conversion cycle
(k) Cash Budget
(l) Ratio Analysis

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