subject: Finance For Non-financial Manager 101 [print this page] Financial management is a vital part of any flourishing business. And because it is very important to the trade, the person who handles the business must have a broad understanding of this in order to make everything work right. And the manager is that person for the job.
The relationship between the company and the manager helps the manager earn the confidence of businessmen, which leads to more satisfied customers on all levels.
Nowadays, many managers are graduates of different courses. And, unfortunately, some of these courses did not really focus on finances, cash flows and spreadsheets. This is the reason why they are usually puzzled with the terminologies used and consequently, they do not feel confident enough with these topics. In fact, some even prefer to hire accountants. This unfamiliarity in the world of finance is causing some to avoid this, but there are actually many ways to get better at this area. The aim now is to find ways in helping these managers improve in the finance area.
With a Finance for Non-Financial Managers' training course, however, you can equip yourself with financial literacy focusing mainly on financial topics regularly encountered by executives in the workplace. Another benefit is that it can familiarize you with some of the more common terms being used.
There are different areas in the business where you now can make use of your knowledge in financial management:
*Daily operations - audit and income statements per day;
*Personnel - salary administration, financial study for retirement plans cost reduction systems and cost determination of alternatives in collective bargaining agreement;
*Project Feasibility Study - financial, technical and marketing evaluation
Finance for Non-Financial Managers is an innovative strategy that equips you with financial literacy focusing primarily on financial topics that are regularly encountered by non-financial executives like you. Secondly, it will develop your "instinctive" know-how on financial terms instead of teaching highly technical expressions.
So, take the easier way to financial management by doing it the right way! Study and be a successful financial manager you always wanted to be!
by: Bart Icles
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