Do you need prior knowledge for the Financial Management for the Non-Financial Manager course?

No, no prior financial knowledge is required for this course. The course starts with the basic economic principles and builds up your knowledge step by step. You learn to understand and apply concepts such as liquidity, return and ratio analysis. The programme is intended for managers and staff who deal with financial matters without being ultimately responsible for the figures themselves.

Who is the Financial Management for the Non-Financial Manager course suitable for?

The course is intended for managers and staff who regularly deal with financial matters but are not themselves ultimately responsible for them. Think of team leaders, project managers, heads of department and entrepreneurs who want to think along better with the CFO, controller or accountant. During the course you build a solid foundation, without any prior knowledge being required.

Which topics are covered in the Financial management for the non-financial manager course?

You cover all the core elements of financial management: the balance sheet, the profit and loss account and the cash flow statement, reading annual accounts, ratio and key figure analysis, investment decisions, budgeting and budgets, cost price and selling price calculation, business structures, the Planning & Control cycle and financial reporting. You practise each topic straight away using recognisable real-life cases.

Can the Financial Management for the Non-Financial Manager course also be taken in-company?

Yes, the Financial Management for the Non-Financial Manager course can also be run in-company. In that case you get a tailored programme, geared to the figures, annual accounts and practical situations of your own organisation. An intake takes place beforehand to identify learning objectives and examples. The classroom course lasts as standard. ; a different rate applies for in-company delivery.

What does the teaching method of the Financial Management for the Non-Financial Manager course look like?

The Financial Management for the Non-Financial Manager course is classroom-based and lasts several days. You work in a small group with an experienced trainer who links the theory directly to recognisable practical cases. You practise with topics such as the annual accounts, investments and financial analyses. You may submit your own practical examples in advance, so that you can apply what you have learnt to your own working situation straight away.

When should you opt for this classroom course instead of an online financial management course?

Choose the classroom-based Financial Management for the Non-Financial Manager course if you want to do more than just read about financial concepts and actually apply them to your own situation. In class you work with recognisable practical cases and you can bring along your own annual accounts, budget or investment question. An experienced trainer gives you direct feedback on your analyses of, for example, liquidity, profitability and ratios. Online courses or e-learning modules often explain the concepts well, but leave no room for specific questions about your department or sector. A classroom course works better if you manage people, need to substantiate decisions to a controller or CFO, and want to exchange ideas with other participants in comparable roles. For purely basic knowledge without application, self-study may be sufficient.

What is the difference between this course and a full business economics programme or a controller programme?

This course is a basic financial management course for non-financial managers and the aim is that you can interpret an annual account, learn to make financial analyses and can hold your own in discussions with your controller, accountant or CFO. A business economics programme or a controller programme (such as a post-graduate Controlling course) soon takes one to three years and prepares you for a position with final financial responsibility. There you learn to draw up annual accounts yourself, apply tax legislation and consolidate. At Learnit the focus is on understanding and application in your management role: balance sheet, profit and loss account, cash flow statement, ratio analysis, investment issues and the Planning & Control cycle. Choose this course if you need financial insight for your work, not to become a financial specialist.

How long will it take before I can really read and interpret the annual accounts of my own company after this course?

You will be able to read an annual report in broad outline straight away: you will recognise the balance sheet, income statement and cash flow statement, and you will understand terms such as liquidity, solvency and profitability. To interpret your own annual accounts fluently, expect to need a few weeks of practical experience after the course. During the course you will practise with recognisable practical cases, and you may bring your organisation's own figures (you can also email them to Learnit in advance). This allows you to apply the theory directly to your own situation. Bear in mind that ratio analysis and investment decisions require more routine than basic understanding. The course gives you the framework and the terminology; applying it repeatedly to your own department's quarterly and annual figures is what makes the insight stick.

What will this course give me that I cannot get from a book or a YouTube video on reading annual accounts?

The difference lies in three things: practising on your own figures, direct feedback and learning to ask the right questions. In the classroom course you work with an experienced trainer who discusses your practical examples. You may email your own files in advance (such as an annual account or a budget for your department), so that the analyses are practised on familiar material. A book or video explains what liquidity, return on investment or a ratio analysis is; on the course you practise how to interpret those outcomes and which follow-up questions to ask a controller or accountant. You also gain context that individual videos lack: the relationship between the balance sheet, the profit and loss account and the cash flow statement, and how these connect to the Planning & Control cycle. Costs: for.

Can I bring my own annual accounts or my department's figures to the Financial management for the non-financial manager course?

Yes, that is actively encouraged. You can bring your own practical examples to the classroom course. Think of your organisation's annual accounts, a departmental budget, an investment proposal or a financial report you deal with in your work. Let Learnit know in advance, so the trainer can take this into account when putting the programme together. You can email files beforehand or bring them on a USB stick. During the individual intake prior to the course, your learning objectives are mapped out and the final programme is determined on that basis. That is an important difference from a standard e-learning: you learn to analyse using figures from your own working environment, not just fictitious examples.

How does this course compare with a course on budgeting or forecasting for managers?

This course gives you a broad grounding in financial management: reading annual accounts, ratio analysis, cash flow, investment decisions, cost price calculation and the Planning & Control cycle. A budgeting or forecasting course zooms in on one element. Usually drawing up and monitoring budgets or producing forecasts. And goes into that in far more depth. Choose this classroom course if you want to understand the whole picture and be able to hold your own with your controller or CFO. Choose a specific budgeting or forecasting course if you already have a financial background and only want to sharpen your forecasting skills. Many participants first take this foundation course and follow it up later with an in-depth module.

What does the Financial Management for the Non-Financial Manager course cost and how long does it last?

You will find the current price at the top right of this course page, together with the schedule, location and delivery format. For in-company or bespoke courses we are happy to provide a quotation on request.

Financial Management course

Name: Financial management for the non-financial manager
Price: 1875.0 EUR
Availability: InStock
Rating: 8.3 (6 reviews)

As a manager, you want to be able to hold your own in discussions with financial colleagues and take well-founded decisions. This course gives you a solid grounding in financial management in a short time, from annual accounts to ratio analysis. That way you can represent your organisation's interests even better.

Description

In this course you build a solid foundation in financial management, so that as a non-financial manager you can discuss figures, annual accounts and financial issues within your organisation with more confidence.

You start with the basic economic principles and build up your knowledge step by step. You become familiar with the components of the annual accounts, learn to work with commonly used analysis tools and get to grips with concepts such as liquidity position, return on investment and ratio analysis. In addition, you learn to approach financial issues in a structured way, to support decisions with sound reasoning and to set out the financial side of your work clearly on paper.

The theory is linked directly to recognisable practical cases, so that you can apply what you have learned straight away in your own working situation. Your own practical examples are welcome and you can share them with Learnit in advance, so that the programme fits your situation well.

Topics

The basic principles of financial and economic management
Understanding the balance sheet and profit and loss account
Understanding the cash flow statement
Annual accounts: what matters to you?
Producing analyses
Investments
Understanding the budget and budgets
How do you calculate the selling price of a product?
What types of business entity are there and what legislation applies to them?
The Planning & Control cycle
Financial reporting
Do's & don'ts

Result

After this course you will understand the language of finance. You will read a set of annual accounts, see through the balance sheet, profit and loss account and cash flow statement, and recognise what is really relevant to your department or organisation.

You analyse the financial position of your department or company using ratios and key figures such as liquidity, solvency and return on investment. You substantiate investment decisions, draw up a realistic budget and monitor budgets within the Planning & Control cycle.

You calculate the relationship between purchase price, cost price and selling price, and you draw up clear financial reports with which you account to the board, the controller or the accountant. From now on you can hold your own with your financial colleagues and take better substantiated decisions for your organisation and your people.

Target audience

This course is particularly suitable for managers and staff who regularly deal with financial matters without being ultimately responsible for the figures themselves. You learn to communicate more easily with your CFO, controller or accountant and are better able to contribute to financial issues within your organisation.

Teaching method

You practise the theory straight away using recognisable practical cases, so that you really master the material. You get plenty of personal attention and room for your own questions. Our experienced trainers help you apply the material immediately in your own work situation.

It works well if you bring your own practical examples to the course. Preferably let Learnit know in advance and email your files to us beforehand.

Prior knowledge

No specific prior knowledge is required for this course. Do you have your own practical examples or financial documents from your work? Feel free to send them to us in advance, so that we can use them during the course.

Comments

You may email us your own practical examples before the course, so that the trainer can incorporate them into the programme.

In-company

Would you like to organise this training for a whole group or several groups? This can be cost-effective. For example, we can tailor the content entirely to your organisation, and training a whole group is also cheaper.

Are you looking at large numbers of participants or a complete academy? That involves a great deal. Consider planning and communication, for example, or identifying and agreeing the objectives and content of the training. Or differences in level, feedback mechanisms and safeguarding. Fortunately, Learnit has extensive experience in this field (more than 25 years) and we are happy to help you through this process.

Request a quote

Language

The training is given in Dutch as standard. The trainer has a good command of English. English-language course material can be used. With a minimum enrolment of 3 participants, the training can also be given entirely in English.

Number of days:

3 days

Course times:

from 10 am to 5 pm

Study load:

21 hours

Education level:

This training is suitable for all levels.

Exemptions:

Exemptions do not apply to this course.

Preparation time:

No preparation time applies to this course.

Certificate:

At the end of the course, a certificate is issued as proof of participation.

The best training for you

At Learnit you will always find a course that takes you further. From (technical) IT skills to communication or personal leadership. You can also choose the training format that suits you best: a classroom course, a tailor-made course at your own office, an online course or an e-learning. We have the right course and the right format for everyone. Because learning in the way that suits you best delivers the best results.

Moving forward together

Taking a training course at Learnit means learning together. Together with your experienced trainer, together with your course group or together with your colleagues. And whether you take the training at home, at your office or at one of our training locations, we are always available to help you. To share our knowledge with you in a way that is genuinely useful to you. Getting further together through personal attention and understanding each other well; that is what we believe in.

Apply it directly in your work

Learning theory from a book that you can then hardly use in your work? Not at Learnit! Whichever training you take with us, you can put it to use at your workplace straight away. Because of the unique learning objectives you set together with the trainer at the start of the training. Because of the alternation between theory and (interactive) practical assignments. And by bringing the challenges you face in your daily work along to the training.