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Finance For Non Finance Professionals

Our trained professionals of 24APlus Finance for Non-Finance Professionals program illustrate and make the ideas more understandable through case studies and real-world situations. The program can be tailored to your organization’s unique needs and is offered both in-person and online.

Teaching finance to those without an experience in finance

Our trainer may start with the fundamentals for anyone interested in studying and/or pursuing a career in management and finance, regardless of background, including engineering, science, or the arts. With improved abilities, you’ll be able to move through the business world with ease.

The practical financial fundamentals and how to apply them to your organisation, particularly in the current economic condition, will be the main topics of this two-day workshop. Even a fresher in the field can apply for the training. 

Day One
1. Introduction to Finance for Non-Finance
Generally Accepted Accounting Principles
Components Of Financial Statements
Purpose Of Financial Statements
Elements Of Financial Statements
Fundamental Accounting Assumptions
Accounting Equation And Applying Principles Of Debit And Credit
Analysis Of Balance Sheet
Analysis Of Statement Of Profit Or Loss
Top Line vs. Bottom Line
Depreciation And Amortization
Analysis Of Statement Of Cash Flow
Cash vs. Profit
2. Working Capital Management
Meaning And Concept Of Working Capital
Importance Of Working Capital Management
Types Of Working Capital
Permanent vs. Temporary Working Capital
Components Of Working Capital
Working Capital / Operating Cycle
Financing Of Working Capital
Current Ratio
Quick Ratio
Inventory Management
Different Levels Of Inventory
Just-In-Time
Just-In-Time
ABC Analysis
Stock Turnover Ratio
Receivables Management
Debtors Turnover Ratio
Payables Management
Creditors Turnover Ratio
Cash Management
Day Two
3. Capital Budgeting for Decision Making
Meaning Of Capital Budgeting
Capital Budgeting – Features
Approaches To Capital Budgeting
Capital Budgeting Techniques
Net Present Value (NPV)
Internal Rate Of Returns (IRR)
Payback Period
Accounting Rate Of Returns
Practical Applications Of NPV And IRR
4. Budgeting
Fundamentals Of Budgets
Budget Process
Types And Importance Of Budgets
Traditional Budget
Zero Base Budget
Commonly Used Budgets
Sales Budget
Capital Expenditure Budget
Cash Budget
Human Resources Budget
Production Budget
Variance Analysis And Budgetary Controls
Limitations Of Budgets
5. Cost Concepts for Decision Making
Direct, Indirect, Fixed, Variable And Semi-Variable Costs
Cost Sheet
Costing For Decision Making
Marginal Costing
Cost Volume Profit (CVP) Analysis
Break Even Analysis
Make Or Buy; Shut Down Or Continue
Sell Or Process Further
Domestic vs. Export Sales
Number Of Units To Sell To Earn Desired Profit
Opportunity Cost

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