Training

Finance for Non Financial Managers

Target Audience:Mid- and top-level managersDuration:3 days, 21 hoursProvider:Центр развития деловых навыков (CBSD/Thunderbird Russia) Venue:CBSD training center: Butyrskaya str., 77, 10 floorLanguage:RussianCoach:Inna Glikman
Inna Glikman Inna Glikman

Terms and Conditions

– The deadline for registration & payment is usually 5 days before the starting date of the course;
– Those who do not register and pay by the deadline will not be allowed to participate in the training;
– All payments are to be made by bank transfer;
– Once registration is closed, the fee is non-refundable.

Goals: to give skills to work with financial information, evaluate company and departmental performance with the use of financial ratios, and recognize how decisions of managers influence these indicators.
Advantages: a business simulation “From Strategy to Tactics” is included to the training course.

Training program
Module 1. Main concepts of financial turnover:
• cash flows;
• financial indicators: Sales, Revenue, Net cash turnover;
• balance Sheet and Income Statement;
• forecasting cash turnover.

Module 2. Measuring business performance:
• main performance criteria: profitability, liquidity, turnover, productivity;
• analysis of structure and trends;
• managing working capital;
• calculating main indicators and analyzing the company’s financial reporting.

Module 3. Financial justifying decisions:
• fixed and variable costs;
• interrelations between sales volume, costs, and income;
• break-even point;
• financially evaluating decisions;
• calculating assortment profitability.

Module 4. Budgeting basics:
• strategic tasks;
• methods for preparing the budget;
• budgeting cycle;
• main budget documents;
• controlling adherence to the budget.

Module 5. Business game “From Strategy to Tactics”:
• practicing acquired skills.

Methodology of training delivery
Mini-lectures, case studies, work in groups, fulfillment of assignments, discussions, analysis of specific situations from the practice of companies in client’s industry.