Skip to main content

Importance of Understanding the Finance for the Non-Financial Managers


Understanding Finance and Accounting will equip non-financial managers with the financial knowledge necessary to communicate more effectively with financial managers, analyze financial statements and understand how they relate, interpret a company's profitability, solvency and liquidity, explore the sources and costs of capital and the factors of investment decisions, and learn valuation principles and their impact on the value drivers of the firm. Participants will gain both competence and confidence in their interactions with financial colleagues and senior executives.


Here is the importance of finance to the non-financial professionals:

Why finance courses for non-professional executives?

Every manager and high-level professionals has to understand finance. The more you go higher in the organization the more important it is to have that understanding. It’s the only way to feel confident in high-level meetings. Finance courses is of core function for good profitability of a company and being part of the top management non-finance managers need to get the sense of its operations.

Benefit to the business

A financial course will give a manager the tools required to understand how business works financially, interpret financial jargon, contribute to discussions on financial topics and make decisions which will be positive for the future of their businesses.

Target audience

Managers from any function who have found that their technical knowledge and ability needs to be supplemented by an improved knowledge of finance and management accounting will enable them to play a full part in financial decisions in management.

Is finance really so important?

High-level professionals interact with the finance people in your organization. You have to understand what they’re saying and how your actions influence their numbers. You also need to understand the constraints of the markets on decisions like laying people off versus reducing productivity or paying dividends rather than investing. And ultimately, the senior you are, the more your performance gets measured by the financial numbers. To get more information visit: https://www.kaplangenesis.com


Labels:

Comments

Post a Comment

Popular posts from this blog

A Beginner’s Guide on IFRS

It is through accounting that a business learns of its expense classifications along with gaining standards to best describe the financial problems of an entity. The accounting standards are guidelines for financial accounting, and the external entities (regulatory agencies, banks etc.) rely on these standards to ensure that relevant and accurate information is provided about the entity. The financial statements of publicly-transacted companies in many nations may require being prepared in accordance with the standards set by the IASB or the International Accounting Standards Board. What is IFRS? International Financial Reporting Standard or IFRS is a single set of accounting standards that has been created and is conserved by the International Accounting Standards Board for a consistent global application, by all economies in order to offer financiers and other financial statement users with the ability to compare the financial performance of publicly listed companies with their
Post a Comment
Read more

Advantages of Doing a Financial Modeling and Valuation Course

Financial modeling and valuation is one of the most sought after financial courses that every finance professional requires to do in today’s competitive corporate world. There is an increasing demand for financial modeling analysts having essential skills and proficiency in financial modeling to dissect and analyze a company’s performance and make predictions about the company’s future. Some of the skills/areas that you can learn/ work in after pursuing financial modeling and valuation course are: Build financial models through step wise projection of income statement, balance sheet, and cash flows. This helps you to get better control of financial management for the company you work. You will learn to apply advanced Excel tools like Data Tables, Nested Ifs, Time Value of Money. You can develop the key schedules including debt/interest, depreciation, working capital, and equity. If you are working in an equity research firm these are the essential skills you may need fo
Post a Comment
Read more