• Overview of financial management in business
• Key accounting principles for non-financial managers
• The role of managers in financial decision-making
• Reading and interpreting income statements, balance sheets, and cash flow statements
• Analyzing financial ratios and their implications for business performance
• Practical exercises in financial statement analysis
• Purpose and importance of budgeting in organizations
• Types of budgets: operational, capital, and cash budgets
• Steps in the budgeting process
• Setting realistic budget objectives
• Techniques for accurate budget forecasting
• Monitoring and controlling budget performance
• Understanding fixed, variable, and semi-variable costs
• Techniques for cost analysis and reduction
• Implementing cost control measures in your department
• Aligning budgets with strategic business goals
• Scenario planning and sensitivity analysis in budgeting
• Long-term financial planning and capital budgeting
• Using financial data to make informed business decisions
• Cost-benefit analysis and return on investment (ROI)
• Break-even analysis and its application in budgeting
• Identifying financial risks in budgeting and accounting
• Strategies for mitigating financial risks
• Implementing internal controls and audits
• Zero-based budgeting vs. traditional budgeting
• Activity-based budgeting and its advantages
• Rolling budgets and continuous forecasting
• Preparing and presenting financial reports to stakeholders
• Communicating budget requirements and financial insights effectively
• Building collaboration between finance and other departments