Finance for Non Finance Professionals

Course Overview

Non-Finance Business Managers need ample knowledge of finance concepts to optimize business decisions. Conventional training in finance is usually boring, irrelevant and unattractive for field professionals as they failed to synchronize the taught concepts with their real-life work.
A simulation boardgame customizes business model through incorporating the customer business dynamics including its operations, customers, vendors, inventories, business deals, day to day challenges and provides an opportunity to optimize the real-life business situations using a simulated boardgame.

Course Overview

Board Game

Jigsaw

Card Game

Simulation

LEGO®

Our Clients

It was a highly interactive session focusing practical learning and application of financial concepts rather than theory. Board game was an absoloutely new idea for us. Trainer was awesome, well versed with topic and expalained concepts in simple and understandable manner.

We have really enjoyed the session as it was highly interactive. The Board Game methodology enabled us to do the learning and simultaneously applying the concepts.

Fintellect trainer bears a persuassive approach in training, it was a memorable experience. Finance Board Game session is really fun to learn the concepts and apply in business decisions.

Informative & engaging. We used new tools for understanding our business cycle in Finance for Non-Finance Program through Simulation Board Game.

Blending Finance for Non-Finance program with Negotiation Skills through board game was good effort. The Card Game, simulation and board game learning tools were highly engaging. Well Done.

Property Management Boardgame of Finance & Business Acumen is well delivered. Out team learned a lot because of close customization of our Property Management Model.

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Course Overview

Fundamental Finance Concepts

Key Terminologies: Assets, Liabilities, Revenue, Income, Capital & Revenue Expenses, Margins & Markups, Profit & Loss.
Inventory: Concepts of Inventory Management, Maximum, Minimum Inventory, Economic Order Quantity, Order Size, Reorder Levels.
Working Capital Management: Debtor, Creditor, Inventory Days. Positive & Negative Working Capital Cycle.
Financial Statements: Understanding Key Financial Statement, Their Usage & Importance.

Experiential Tranformation

Business Levers: Sales, Marketing, Procurement, Inventory, Technology, Finance, Credit Management, Cash Flows, Profitability.
Finance Function: Department integration for business result optimization.
Performance Management: Customers & Product Management, Performance Targets, Critical Success Factors & KPIs.
Dashboard: Financial & Non-Financial Business Drivers, their correlation and impact.

Financial Statements & Flow of Information:

Income Statement: Revenues, Cost of Sales, Gross Profits, Operating Expenses, Finance Cost, EBITDA, Taxes, Dividends.
Balance Sheet: Concept of Financial Strength and Effective Financial Management. Current Assets vs. Current Liabilities, Investments, Equity vs. Debt, Short- & Long-Term Liabilities.
Cash Flow Statement: Sources & Uses of Cash, Cash Flow from Operating, Investing & Financing Activities, Surplus & Shortages of Cash, Cash Flow Cycle.
Asset Liability Management: Comparability of Financial Information over years, Measurement of Financial Effectiveness of running the business.

Business Financial Model

Financial Knowledge: Customer/Product/Operational Cost & Profitability.
Financial Management: Debtor Management, Credit Management, Aging Analysis, Controllable & Uncontrollable Costs.
Liquidity Management: Cash Flow Position, Bank Overdraft & Long-term Loans, Seasonable and Cyclical Impact.
Asset Management: Inventory Optimization, Short- & Long-Term Investments, Non-Current Assets.

Interpreting Financial Information – The Ratio Analysis:

Income Statement Ratios: Liquidity & Assets Test Ratios, Inventory Turnover, Sales Turnover Ratio, Cost of Sales Ratio.
Income Statement Ratios: Gross Profit Margin, Operating Profit Margin, Earning Before Interest & Taxes (EBITDA), Net Profit Margin.
Balance Sheet Ratios: Working Capital Ratios, Inventory Turnover/Days, Receivable Days, Creditor Days.
Balance Sheet Ratios: Debt Equity Ratio, Return On Capital Employed (ROCE), Return on Investment (ROI).

Business Finance

Budgeting & Financial Planning: Creating Sales, Procurement, Revenue Expenditure Budgets, Cash Budgets, Capital Budgets, Integration of all budgets in Master Budgets.
Managing Profitability: Cost Reduction & Management Techniques, Customer & Product Profitability, Avoidable & Unavoidable Costs.
Liquidity Management: Debtor Days, Creditor Days, Inventory Days, Positive & Negative Working Capital Cycles, Working Capital Management Techniques.
Effective Credit Management: Customer Aging Analysis, Credit Monitoring & Control Techniques, Yellow Signs, Recovery Challenges, Litigations.

Learning Outcome

Evaluate all aspects business function regardless of their nature of work
Understand Product, Process, People and Operations excellence concept
Look at the impact of their business decisions both in qualitative and quantitative terms
Experience the organizational challenges faced by different departments
Excel in People Management Skill, Conflicts Resolution etc.
Improve Communication Skills using Emotional Intelligence
Understand Financial Statements, Numbers and Ratios
Handle challenging projects using effective project management techniques
Prepare Financial Statements, Understand Business Results through use of Ratios.