Finance for non financial managers

A clear understanding of financial mechanisms is essential for any operational manager. The objective of this training is to language and mechanisms of finance. In order to progress, managers must understand financial mechanisms, identify the drivers of financial performance and conduct quick financial analysis. This knowledge is essential to:

• Measure the impact of their decisions on the company's financial performance,
• Understand management's financial requirements,
• Communicate effectively with financial department.

This training aims to provide the necessary knowledge in finance to help achieve these professional objectives.

Before

Digital learning activities to prepare yourself for the training and its implementation:

• Defining your training objectives
• Conducting a self-assessment of your skills

During - Group Session

1 - Financial logic of any business

• Selling to make a profit requires investing cash and, therefore financing
• The income statement: a snapshot of a period's financial activity
• The balance sheet: a statement of capital employed and financing
• Mechanisms of depreciation and provisions

2 - Assessing financial balances

• Current assets and fixed assets
• Working capital
• The five cash-flow crises and main remedies
• Operational drivers for improving working capital management
• Impact of the business model on capital employed

3 - Assessing business activity and profitability

• Interpreting sales trends
• Sales margin, gross margin, added value, EBITDA, operating profit, current profit
• Cash- flow analysis: identifying cash surplus
• Diagnosis of variations in profit: scissor effect and absorption of fixed costs

4 - Using ratios and cash-flow performance

• Margin and profitability ratios
• Financial structure and working capital management ratios
• Repayment capacity and liquidity ratios
• Profitability ratios
• Dynamics between operating and investment flows and free cash-flow

5 - Carrying out a financial diagnosis using a structured approach

• Stages of analysis
• Summary: strengths and weaknesses, decisions or courses of action
• Quantifying the impact of operational actions

After

Digital learning activities to facilitate the implementation of your learning in the workplace:

• Ready-to-use tools
• Micro-practicing programme by email

Assessment

An online questionnaire to assess your acquired skills