“This course transforms financial and accounting concepts into decision-making tools you can use successfully every day.”
Program Overview Download Brochure
Designed for Non-Financial Managers, this course will provide you with the cutting-edge insights on the financial management framework used worldwide. This indispensible knowledge of financial management will help you to manage your project in a superior and efficient manner.
This pragmatic and interactive program will develop the finance skills and knowledge of the human resource professional that wants to understand the “big picture” at their organization. Learn how to interpret and speak the language of finance in order to effectively understand, communicate and work with colleagues in finance, accounting and operations. You learn to apply the fundamentals of finance to improve budget management, increase potential profits and assess the financial viability of projects.
Throughout this highly interactive program, you will be involved in the case studies discussion to maximize the learning benefits and also to help you leave with specific actions steps for resolving current and future challenges.
Upon completion of this training course you will recieve your certificate which has been fully accredited by an official UK government recognized awarding body.
- Become familiar with key documents and terminology used in business finance
- Gain confidence and skill in decision-making and working with financial managers
- Learn the essentials of budgeting and cash-flow analysis
- Perform fundamental financial ratio analysis
- Understand the process of financial control for a project
- Use earned value analysis to establish cost performance index and schedule performance index for your projects.
*Successful completion of the course materials, and exam makes you a Certified Finance for Non-Financial Managers (FNFM)™ . You can use the designation of FNFM™ on your resume and business card.
Who Should Attend This Program
This course is designed for non-financial managers of all functional areas of an organization including:
- Project Managers
- Executive Managers
- Managing Directors
- Operations Managers
- Team Leaders
- General Managers
Delegates must meet the following criteria to be eligible for certificate of completion:
- Attendance – delegates must attend all sessions of the course. Delegates who miss more than two hours of the course sessions will not be eligible to sit for the Certified Finance for Non-Financial Managers (FNFM)TM Examination.
- Successful completion of the course work and exam – The iIET is a an officially recognized learning center fully accredited by an official UK government recognized awarding body. Upon completion of this training course you will receive your certificate which has been fully accredited.
Topics That Will Be Covered
Introduction to Financial Management
- The Role and Function of Accounting and Finance
- Financial Markets, Economics and Market Efficiency
- The role of interest rates in the economy
- Goals of financial management
- Cash cycle of the enterprise
- Reporting the results: the four financial statements
Financial Statement Analysis
- Profit & Loss Account (In the US called an Income Statement)
- Balance Sheet
- Cash Flow Statement
- Fixed costs and break-even analysis
- Understanding changes in owner’s equity and financial position
- Measurements of business performance: ratio analysis – profitability, liquidity, working capital efficiency, gearing and return on investment
- Financing a project
Case Study: Participants will calculate key financial ratios for a typical company.
Analyzing and Interpreting Financial Ratios
- Earnings ratios
- Liquidity ratios
- Turnover ratios
- The key ratios for HR professionals
Case Study: Financial statements and reporting: Cadbury Schweppes case study
- Costing methods
- Cost allocation
- Break-even analysis
Project budgeting and methods to evaluate cash flows
- Time Value of Money
- Factors affecting discount rates
- Capital budgeting
- Weighted average cost of capital (WACC)
- Payback period
- Net present value (NPV)
- Internal rate of return (IRR)
Case Study: Syngenta: Investment appraisal in action
Financial planning and budgeting
- How to anticipate and avoid pitfalls
- Planning and implementing financial budgets
- Key financial tasks for managers
- Risk management
- Qualitative and Quantitative risk analysis
- Scenario Analysis
- Decision Tree Analysis- Evaluating payoffs and risks of different projects
- Sensitivity Analysis – determine how sensitive a project is to particular risks
Group Activity: Build a decision tree to evaluate projects
*Earn Professional Development Units towards maintaining your relevant certification/license.
*Earn (Professional Development Credit) upon successful completion of this program toward SHRM.