Financial Management for Non Financial Professionals

Overview

Introduction:

Financial management is a core component of institutional success, enabling effective planning, informed decision making, and sustainable growth. It involves the organization and oversight of financial resources to ensure stability, improve performance, and maximize stakeholder value through sound cost, investment, and funding management. This training program is designed to equip non-finance professionals with the foundational knowledge needed to interpret financial data, develop budgets, and manage financial resources effectively. It presents structured methods and analytical frameworks that support operational continuity and organizational objectives.

Program Objectives:

By the end of this program, participants will be able to:

  • Recognize essential financial concepts and their role in organizational management.

  • Analyze financial statements to extract relevant information for decision-making.

  • Use budgeting principles to support effective resource planning and expenditure control.

  • Distinguish between financial instruments and their impact on institutional performance.

  • Develop financial strategies that support long term sustainability and improved results.

Target Audience:

  • Managers in non-financial departments.

  • Strategic planning and HR professionals.

  • Entrepreneurs and business owners.

  • Employees seeking to improve their financial awareness.

  • Administrative and operations personnel across sectors.

Program Outline:

Unit 1:

Core Concepts in Financial Management:

  • The role of financial management in achieving institutional goals.

  • Differences between accounting and finance, and key financial terminology.

  • Basic accounting principles and their relevance to management.

  • The relationship between revenues, costs, and profit.

  • The importance of financial planning in sustaining growth.

Unit 2:

Financial Statement Analysis:

  • Main elements of institutional financial statements.

  • Techniques for reading and interpreting financial data.

  • Key indicators, including profitability, liquidity, and operational efficiency.

  • The impact of assets and liabilities on financial position.

  • Importance of using financial analysis to support informed decisions.

Unit 3:

Budgeting and Financial Oversight:

  • The role of budgeting in financial planning and resource alignment.

  • Steps for preparing operational and capital budgets.

  • Monitoring tools for financial performance and expenditure control.

  • Methods for analyzing budget variances and corrective planning.

  • Strategies for enhancing institutional spending efficiency.

Unit 4:

Financial Tools and Decision-Making:

  • Differences between internal and external financing.

  • Methods for evaluating financial feasibility and investment value.

  • The influence of financial risk on business decisions.

  • The function of credit and banking facilities in project support.

  • Importance of balancing profitability and risk in financial planning.

Unit 5:

Financial Planning and Sustainability:

  • Steps to build financial strategies that support growth and continuity.

  • Strengthening financial governance to meet long term goals.

  • The importance of regulatory compliance and financial accountability.

  • How to enhance financial literacy for negotiation and decision making.

  • The role of financial analysis in improving performance and profitability.