Accounting for Non-Finance Managers Training Course

The Accounting for Non-Finance Managers Training Course is a practical and professionally designed program aimed at equipping managers and professionals with essential accounting knowledge, enabling them to interpret financial information and make informed business decisions. Offered by Geneve Institute of Business Management, this course focuses on demystifying accounting principles, financial statements, budgeting, and cost management for participants without prior accounting experience. The program empowers participants to understand the financial implications of their operational decisions, analyze key performance indicators, and communicate effectively with finance teams, ensuring better strategic planning and organizational efficiency. It emphasizes the integration of accounting knowledge into everyday managerial functions, highlighting how financial awareness supports improved decision-making, cost control, and overall business performance.

Target Group

• Managers and team leaders in non-financial departments seeking to improve their understanding of accounting principles and financial reporting.

• Professionals involved in planning, budgeting, or performance management who need to interpret financial statements accurately.

• Department heads and supervisors responsible for monitoring budgets and controlling operational expenses.

• Entrepreneurs, business owners, and startup leaders aiming to gain confidence in financial decision-making.

• Professionals working in project management, operations, or administration who interact closely with finance teams.

• Individuals aspiring to strengthen their business acumen by combining managerial skills with financial literacy.

Objectives

• To provide participants with a solid understanding of basic accounting concepts and financial terminology used in business.

• To enable managers to read, interpret, and analyze financial statements for better operational decision-making.

• To develop knowledge of budgeting, cost allocation, and expense management in organizational contexts.

• To enhance participants’ ability to communicate effectively with finance departments and understand financial reports.

• To foster an understanding of how financial information impacts overall organizational performance and strategic planning.

• To equip participants with the tools to integrate financial awareness into daily managerial responsibilities for improved results.

Course Outline

 Introduction to Accounting

• Basic Accounting Concepts

  • Understanding fundamental accounting principles and terminology

  • Difference between financial and managerial accounting

  • Role of accounting in organizational decision-making

• Accounting Cycle Overview

  • Steps involved in the accounting cycle from transaction recording to reporting

  • Importance of accurate record-keeping for financial reliability

  • Connection between accounting processes and business operations

Understanding Financial Statements

• Balance Sheet Essentials

  • Components of a balance sheet: assets, liabilities, and equity

  • Understanding financial position at a point in time

  • How managerial decisions impact the balance sheet

• Income Statement and Cash Flow

  • Components of an income statement: revenue, expenses, and profit

  • Understanding cash flow statements and their importance in operations

  • Interpreting financial results for effective managerial decisions

Budgeting and Cost Management

• Budgeting Fundamentals

  • Purpose and types of budgets in organizational management

  • Creating and monitoring departmental budgets

  • Aligning budgeting processes with strategic objectives

• Cost Analysis and Control

  • Understanding fixed, variable, and overhead costs

  • Methods for tracking and controlling operational expenses

  • Decision-making based on cost information and performance metrics

Financial Analysis for Managers

• Key Financial Ratios

  • Understanding liquidity, profitability, and efficiency ratios

  • Using ratios to assess departmental or organizational performance

  • Interpretation of ratio analysis for managerial insights

• Performance Measurement

  • Evaluating operational performance through financial metrics

  • Linking financial results to strategic goals and targets

  • Monitoring performance trends to support informed decisions

Managerial Use of Accounting Information

• Decision-Making with Financial Data

  • Applying financial information in planning and resource allocation

  • Using cost and revenue data to support operational decisions

  • Integrating financial insights into day-to-day management

• Communication with Finance Teams

  • Understanding finance terminology for effective dialogue

  • Reading reports to facilitate departmental collaboration

  • Ensuring transparency and accountability in financial discussions