Finance for non-financials Course
This is a course to teach people who do not work in accounting or finance how to understand the basic financial processes that occur in any company.
This course aims to simplify financial matters and provide non-specialist participants with the tools to understand financial matters and make informed decisions.
This is a course to support and develop people who do not have a financial background “non-financial” but want to understand the basics of finance to make informed business or financial decisions.
This course is to support and develop people who do not have a financial background (non-financials) but want to understand the basics of finance to make informed business and financial decisions.
Importance of the financial course for non-financial Persons:
- Enhance financial understanding: Enables non-financial persons to understand basic financial terms such as revenues, expenses, profits, losses, and assets.
- Helps in making better decisions: The financial course for non-financial persons enables participants to make informed decisions based on a sound understanding of financial situations at work or in personal life.
- Enhances collaboration between departments: The financial course for non-financial persons helps non-financial persons understand how their activities impact the financial performance of the company, which enhances collaboration between different departments.
- Planning and Budgeting: Non-financial persons can learn how to prepare a simple budget and understand how the company’s financial resources are allocated.
Benefits of the finance course for non-financial persons:
- Raising financial awareness: Trainees can become more aware of financial matters, which contributes to better management and decision-making.
- Enhancing personal skills: With an understanding of financial operations, individuals are able to better manage their personal finances.
- Improving institutional performance: Understanding financial matters enhances individuals’ ability to make institutional decisions that positively impact the sustainability of the organization.
Topics covered in the course
- Financial terminology and basic financial concepts.
- Understanding financial reporting (Statement of Financial Position - Statement of Profit or Loss and Other comprehensive income - Statement of changes in equity - Statement of cash flows).
- Basics of budgeting, forecasting, and financial decision-making.
- Key performance indicators (KPIs) and how to interpret them.
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