Online-Development Programme: Finance for Non-Financial Managers

• Status:We are working on the next season

About the Programme

Knowledge of the basic principles of the financial accounting, the ability to «read» financial reports and understanding the key factors of business efficiency mean the pledge of success of making economically sound management decisions. Therefore, today every leader faces the necessity of obtaining basic knowledge and tools in finance.

EBA Management Development Centre invites you to take part in the absolutely new Online–Development Programme: Finance for Non–Financial Managers, which allows to gain understanding and tools of analysis, planning and monitoring the financial performance of the company or the project, evaluation and management of key performance indicators.

Training will allow participants to make proper decisions regarding financial management based on reliable, high-quality, compete information about the financial state of business and create new models for its development. Each module is accompanied by examples, templates or a case study, which help participants to clearly understand the material and put their knowledge into practice.

Having successfully finished the Online-Programme, participants will receive certificates of completion.

TARGET AUDIENCE:

• Heads and managers of non-financial function who wish to improve the effectiveness of management decisions.  
• Employees of sales, marketing, HR, and IT departments who don’t have any special education in finance and accounting but are involved in the preparation of reports and budgeting.

PROGRAMME

Module 1. Accounting and financial reporting as decision-making tools – December 1, 3, 15:00-17:00 

Strategic goals of the company: 

• Strategic goals and KPIs of the company/direction – how to organize accounting to manage the process of achieving goals. 
• Practice – clarifying business goals. 
• Managing the process of creating business value. Criteria for creating value (MVA and EVA). 

Accounting and reporting: 

• Financial, accounting, tax, management accounting and rules for effective automation of accounting in business in the era of AI technologies. Financial accounting policy. 
• Databases as sources for reliable reporting – rules for maintaining and storing data for system accounting. 
• Test analysis of the state of databases in your business. 
• Three main financial statements of a business and their relationship: Profit & Loss Statement, Cash Flow Statement and Balance Sheet. 
• Balance Sheet – main sections, analysis and relationship with business value. 
• Practice – analysis of a balance sheet example. 
• P&L – analysis of the profit and loss statement. Assessment of business efficiency: margin, gross, operating, net profit, EBIT and EBITDA. 
• Practice – consideration of a P&L example. 
• Cash flow statement – structure and analysis. 

Module 2. Budgeting and investment assessment – December 08, 10, 15:00-17:00 

Planning and budgeting in a company: 

• Approaches and templates of financial plans – how to plan sales and cash inflows. 
• Budgeting that works – how to organize the process and optimize budgets. 
• Cash flow plan as a tool for reducing the risk of a cash gap. Payment calendar. 
• Sources of savings and closing the cash deficit. Working with receivables. Financial reserves. 
• Practice – analysis of a budget case. 

Investment planning: 

• Making long-term management decisions. Business plan of the project: structure, requirements, recommendations for drawing up. 
• Building a financial model of a business project. Understanding the break-even point, financial levers for increasing the marginality and profitability of the project. 
• Investment efficiency criteria and project cost assessment (PP, IRR, NCF, NPV). 
• Making decisions about the feasibility of investments. 

Module 3. Building a financial Dash Board for business/unit managers. – December 15, 17, 15:00-17:00 

Indicators of the financial condition of a business and an example of their calculation: 

•  Profitability ratios. 
•  Liquidity ratios. 
•  Financial stability ratios. 
•  Other indicators for different business units. 

Break-even point – calculation and use for modeling alternative management decisions. 

Artificial intelligence – use for acceleration and accuracy of management decisions. 

Financial flexibility of a business: 

•  Financial risks in business and how to minimize them. 
•  Features of export financial management. 
•  Financial management during a crisis and force majeure. 
•  Sources of financing for scaling and developing exports. 
•  Practice – group work, 3 groups perform tasks to determine the features of financial management in cases of: 1) export; 2) scaling within Ukraine; 3) crisis. 

Materials that will be provided for the participants: presentations, a vocabulary, simple templates of financial plans and financial models, a checklist of sources of additional funding.

You can send a question to: