Description
Finance for Non-Finance Executives: Excel for Financial Management & Analysis
Module 1: Introduction to Finance for Non-Finance Professionals
- Overview of Financial Management
- Importance of Financial Literacy in Decision-Making
- Key Financial Terminologies and Concepts
- Understanding Business Financial Cycles
- Types of Business Structures and Their Financial Implications
- Excel Functions Covered:
- Basic Functions: SUM, AVERAGE, COUNT, COUNTA
- Formatting Techniques: Cell Formatting, Conditional Formatting
- Basic Keyboard Shortcuts for Efficiency
Module 2: Understanding Financial Statements
- Overview of Financial Statements: Balance Sheet, Income Statement, and Cash Flow Statement
- Analyzing Financial Statements for Business Performance
- Key Financial Ratios and Their Interpretation: Liquidity, Profitability, and Efficiency Ratios
- Case Study: Interpreting Financial Statements of a Sample Company
- Advanced Excel Applications:
- Using Excel to Prepare and Analyze Financial Statements
- Creating Ratio Analysis Dashboards
- Excel Functions Covered:
- IF, IFERROR, AND, OR for Logical Analysis
- ROUND, ROUNDUP, ROUNDDOWN for Financial Precision
- VLOOKUP, HLOOKUP, XLOOKUP for Data Retrieval
- TEXT, CONCAT, and TEXTJOIN for Financial Reporting
Module 3: Budgeting and Forecasting
- Importance of Budgeting in Business
- Types of Budgets: Operating, Capital, and Cash Budgets
- Steps in Preparing a Budget
- Forecasting Techniques for Revenue and Expenses
- Linking Budgets to Organizational Goals
- Advanced Excel Applications:
- Developing Dynamic Budget Templates
- Using Excel Functions for Forecasting
- Scenario Analysis with Data Tables
- Excel Functions Covered:
- TREND, FORECAST, FORECAST.LINEAR for Projections
- DATA TABLE for Scenario Analysis
- OFFSET and INDIRECT for Dynamic Ranges
- SUMIF, AVERAGEIF, and COUNTIF for Budget Summaries
Module 4: Cost Management and Break-Even Analysis
- Types of Costs: Fixed, Variable, and Semi-Variable
- Break-Even Analysis and Its Applications in Decision-Making
- Marginal Costing and Contribution Margin Analysis
- Strategies for Cost Control and Reduction
- Advanced Excel Applications:
- Building Break-Even Models in Excel
- Creating Interactive Cost-Volume-Profit (CVP) Analysis Tools
- Excel Functions Covered:
- GOAL SEEK for Break-Even Points
- SUMPRODUCT for Weighted Averages and Cost Allocation
- What-If Analysis Tools (SCENARIO MANAGER)
- CHARTS for Visualizing Cost and Revenue Relationships
Module 5: Working Capital Management
- Components of Working Capital: Cash, Accounts Receivable, Inventory, and Payables
- Strategies for Managing Working Capital Effectively
- Cash Flow Management: Importance and Techniques
- Tools for Monitoring and Improving Cash Flows
- Advanced Excel Applications:
- Designing Cash Flow Projections in Excel
- Using Excel PivotTables for Accounts Receivable and Payable Analysis
- Excel Functions Covered:
- DAYS, NETWORKDAYS for Payment and Collection Timelines
- TODAY, NOW for Real-Time Data Tracking
- PIVOT TABLES and PIVOT CHARTS for Analyzing Working Capital Components
- SUBTOTAL for Quick Summarization
Module 6: Investment Appraisal and Decision-Making
- Basics of Time Value of Money (TVM)
- Capital Budgeting Techniques: NPV, IRR, Payback Period, and Profitability Index
- Evaluating Investment Proposals and Making Informed Decisions
- Risk and Return Analysis
- Advanced Excel Applications:
- Building NPV and IRR Models
- Using Solver for Optimizing Investment Portfolios
- Excel Functions Covered:
- NPV, IRR for Investment Analysis
- PMT, FV, PV for Loan and Investment Calculations
- RATE for Effective Interest Rate Calculations
- Solver for Optimization
Module 7: Financial Data Visualization and Reporting
- Best Practices in Presenting Financial Information
- Creating Professional Dashboards for Financial Reporting
- Data Visualization Techniques Using Excel Charts and Pivot Charts
- Storytelling with Financial Data
- Advanced Excel Applications:
- Creating Interactive Financial Dashboards
- Using Conditional Formatting and Sparklines for Highlighting Key Metrics
- Excel Functions Covered:
- CONCATENATE, TEXT for Dynamic Labels
- CHARTS: Column, Line, Pie, and Waterfall Charts for Reporting
- FILTER, SORT for Dynamic Reporting
- SLICERS for Interactive Dashboards
Module 8: Application of Finance in Business Scenarios
- Financial Decision-Making for Non-Finance Professionals
- Aligning Financial Strategies with Organizational Objectives
- Evaluating Business Proposals and Projects
- Group Exercise: Analyzing and Presenting Financial Data for Business Decisions
- Excel Functions Covered:
- INDEX, MATCH for Advanced Lookup
- POWER QUERY for Data Transformation
- VBA Basics (Optional) for Automation
Description
Course Title:
Finance for Non-Finance Executives and Non-Finance Professionals with Application of Advanced Excel in Financial Management and Analysis
Course Objectives:
The primary objective of this course is to equip non-finance executives and professionals with practical financial knowledge and skills that enhance decision-making, strategic planning, and resource management. Participants will also develop a working knowledge of advanced Excel functions to perform financial analysis, budgeting, and reporting efficiently.
Specifically, the course aims to:
- Demystify Financial Concepts:
Simplify fundamental financial terminologies, principles, and reports, enabling participants to understand and interpret financial information confidently. - Strengthen Financial Decision-Making Skills:
Provide tools and techniques for analyzing financial performance, evaluating investment opportunities, and assessing risks to support informed decisions. - Enable Budgeting and Cost Management:
Train participants to develop, analyze, and monitor budgets while identifying cost control measures that align with organizational goals. - Enhance Financial Communication Skills:
Equip participants with the ability to communicate financial insights effectively to stakeholders and team members, bridging the gap between finance and non-finance departments. - Introduce Advanced Excel for Financial Analysis:
Teach participants advanced Excel functions and techniques for performing financial analysis, building dashboards, forecasting, and data visualization. - Promote Collaboration Across Functions:
Foster a deeper understanding of how financial insights impact organizational success, encouraging collaboration between finance and non-finance teams. - Develop Confidence in Using Financial Tools:
Instill confidence in participants to use financial metrics, models, and Excel tools to support operational and strategic objectives.
General Notes
GENERAL NOTES
i. The clients have many options on where they would wish to have the training
ii. The client should communicate their preferred training venue at least seven days before the training date failure to which the training shall take place in Nairobi.
iii. This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
iii. Training manuals and additional reference materials are provided to the participants.
iv. Upon successful completion of this course, participants will be issued with a Chania finance consultancy certificate.
v. The onsite training fee covers tuition fees, training materials, tea at 10am, lunch, tea at 4pm, training venue and a certificate on completion. Accommodation and travel may be arranged for our participants upon request.
vi. The online training fee covers tuition fees, training materials, and a certificate on completion.
Available at the following Venues
- Nairobi
- Google Meet
Choose the date you would like to take the course
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