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Course Description
Finance Non-Finance Managers is a dynamic corporate training program designed to demystify financial concepts for professionals who lack formal finance training. This course provides the essential tools to understand and interpret key financial reports, enables informed decision-making, and fosters effective communication with finance teams. Attendees will learn to analyze financial data, grasp the principles of budgeting, and apply financial insights to support strategic objectives. Through real-world scenarios and hands-on exercises, non-finance managers will gain confidence to make sound financial decisions that drive organizational success.
Intended Participants
The training is meticulously crafted for mid to senior-level managers, department heads, project leaders, and other key decision-makers within the organization who are not in finance-specific roles but need a working knowledge of finance for strategic planning and collaboration. It is also ideal for professionals transitioning into managerial positions, entrepreneurs steering their businesses, and team leads seeking to align departmental goals with the company’s financial objectives. Engaging in this course will equip these leaders with the financial acumen necessary to contribute effectively to their organization’s financial health and strategic direction.
Ideally, the “Finance for Non-Finance Managers” training should be undertaken before strategic planning sessions, annual budget reviews, or significant decision-making periods where understanding financial reports, cost management, and forecasting is crucial. It would benefit those at pivotal stages in their career when financial literacy becomes imperative for managerial effectiveness and organizational advancement.
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Individuals in leadership positions who oversee departments and are responsible for budgeting, strategic planning, and performance metrics but do not possess a strong background in finance.
Personnel who manage projects with financial components such as budgets, costing, and financial reporting, requiring them to understand and manage financial resources effectively.
Leaders who are accountable for their department’s financial performance, even if their primary expertise is not in finance, need to comprehend how their decisions affect the overall financial health of the organization.
Emerging talent within the organization being prepared for future leadership roles where financial acumen will be a crucial part of their responsibilities.
Individuals who have started their own ventures or are in the process, needing to grasp the financial principles to run their business profitably.
Staff members who are part of teams that influence the financial outcomes of projects and strategies, requiring them to understand financial concepts to contribute effectively.
Employees from departments like marketing, human resources, operations, and supply chain who encounter financial documents or need financial information to inform their own departmental strategies and actions.
Empowering non-finance managers with financial knowledge leads to more informed and strategic decision-making, reducing risks and enhancing profitability.
When managers across different departments understand financial concepts, they can communicate more effectively with the finance team and contribute to financial planning and analysis.
Trained managers are more adept at managing their departments' budgets, ensuring cost-effectiveness and avoiding unnecessary expenditure.
With a clearer understanding of financial reports, managers can be held accountable for their department’s financial performance, fostering a culture of responsibility and strategic thinking.
Knowledge of finance equips managers to identify potential financial risks early and develop strategies to mitigate them, protecting the company’s interests.
Managers who understand financial principles can allocate resources more strategically, ensuring projects and departments are funded in line with organizational priorities.
Broad financial understanding across the organization can lead to a more harmonious working environment as everyone has a baseline understanding of the financial implications of their actions.
By providing them financial knowledge, leaders at all levels can become more autonomous, needing less input from the finance department for routine decisions.
By identifying and empowering key staff within various departments with financial skills, the organization can create internal champions who promote financial best practices.
As non-finance managers better understand the financial underpinnings of operations, they can contribute more effectively to the development and execution of growth strategies.
When more managers understand the financial impact of market changes or internal decisions, an organization can respond more rapidly and adaptively to external and internal pressures.
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30th RCBC Plaza Tower 1, Ayala Avenue Makati City
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