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BERKELEY SCHOOL OF BUSINESS, ARTS & SCIENCES

Finance for Non-Finance Managers

Finance for Non-Finance Managers is a training program designed to help professionals from non-financial backgrounds understand the basic concepts of finance and how they apply to decision-making in a business environment. This course is ideal for managers, team leaders, and professionals who need to interpret financial information to make informed decisions but do not have a formal finance background.

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Overview

The Finance for Non-Finance Managers training program is tailored for professionals who are in managerial roles but do not have a formal background in finance. This program equips participants with the essential financial knowledge and tools needed to understand and manage their department’s financial performance effectively. In today's business environment, it is critical for all managers, regardless of their function, to be financially literate, as financial decisions often shape business outcomes. This training bridges the gap by simplifying complex financial concepts and helping managers understand how financial decisions directly impact their operations, profitability, and long-term success.

 

Successful profit center managers/revenue generators can be even more productive if they have a clear understanding of the financial and commercial considerations that impact their business. This course is designed to fill this particular knowledge gap in a fast-moving format that never gets boring. The course Tutor takes a practical, flexible, view of financial matters and translates the jargon, conventions, and formats of accounting into simple, easy-to-understand, language. The delegates will feel comfortable with using financial terminology, and have a clear understanding of what they mean, and how they impact the bottom line of the individual delegate's business. Case study work and practical exercises form an important part of this program and are reinforced by lively Tutor-led discussions.

Offered by

Berkeley School of Business, Arts & Sciences

What are the Objectives?

The objectives of the Finance for Non-Finance Managers course are designed to equip non-financial professionals with the essential financial knowledge and skills needed to make informed decisions that positively impact their business operations. The key objectives include:

  • Understand Key Financial Statements: Help participants understand and interpret the balance sheet, income statement, and cash flow statement to assess a company’s financial health and performance.
  • Develop Financial Decision-Making Skills: Enable managers to make sound business decisions based on financial data, including budgeting, forecasting, and evaluating the financial impact of decisions.
  • Learn Budgeting and Cost Management: Equip participants with the skills to prepare, manage, and monitor budgets, and understand how to control costs to improve profitability and reduce inefficiencies.
  • Enhance Financial Analysis Capabilities: Teach participants how to use financial ratios (e.g., profitability, liquidity, and efficiency ratios) to assess and monitor business performance, helping them make more informed decisions.
  • Understand Cash Flow and Liquidity Management: Provide managers with the tools to effectively manage cash flow, ensuring the company maintains sufficient liquidity to meet financial obligations.
  • Apply Break-even and Investment Analysis Techniques: Introduce break-even analysis and basic investment appraisal techniques (e.g., ROI, NPV) to evaluate project feasibility and return on investment.
  • Promote Effective Communication with Finance Teams: Empower managers to better communicate and collaborate with finance professionals by using financial terminology and understanding the implications of financial data in decision-making.
  • Enhance Strategic Financial Thinking: Teach participants how financial decisions impact the overall business strategy, and how they can use financial insights to drive the success of their departments and organizations.
What is the eligibility?

The Finance for Non-Finance Managers training program is designed for professionals from various backgrounds who are not specialized in finance but need to understand financial concepts to make informed decisions in their roles. 

 

No Prior Finance Experience Needed:

  • The course is specifically designed for those with little to no background in finance, so prior knowledge of finance is not required.
  • Basic literacy in business concepts and a willingness to learn are the main prerequisites.

 

Ideal for Professionals Seeking to:

  • Improve their financial literacy and become more confident in understanding financial documents.
  • Gain a better understanding of the financial impacts of business decisions.
  • Enhance communication with finance departments and executives.
  • Contribute more effectively to budgeting and financial planning processes within their teams or departments.
Who can do?
anyone who is interested to learn about following concepts can pursue Finance for Non-Finance Managers:
Basic Balance Sheet / Statement of Financial Position, Basic Income Statement / Statement of Profit or Loss, Concept of double entry bookkeeping and recording transactions in the books of ac-counts, Accounting for Accounts Receivables, Accounts Payables and Inventory, Bank Reconciliation Statement, Financial statements, differentiate between Financial Accounting and Managerial Accounting, Basics of costing and utilize break-even analysis, Pricing strategies and their impact on gross profit margin and mark-up, Budgeting techniques, Financial Management, Investing and financial decisions, Capital Budgeting / Investment Appraisal, Capital Structuring / Sources of Finance, Working Capital Management.
individuals with the following designations:
Managers and Team Leaders:, Department Heads, Business Owners and Entrepreneurs, Project Managers, Sales and Marketing Professionals, Human Resource Professionals, Operations and Supply Chain Managers, Anyone willingness to learn finance.

Course structure

Day 1: Introduction to Financial Concepts and Key Financial Statements

Focuses on building a strong foundation in financial literacy by introducing key financial statements, including the income statement, balance sheet, and cash flow statement. Participants will gain a deeper understanding of how these reports reflect the financial health of a business and how to interpret them for better decision-making. The day will also cover essential accounting concepts and how financial information is used to evaluate business performance.

Day 2: Budgeting, Cost Control, and Financial Planning

Dives into the practical aspects of financial management, focusing on budgeting, cost control, and cash flow management. Participants will learn how to create and manage budgets, perform cost-benefit analysis, and use break-even analysis to make cost-effective decisions. The day will also explore financial planning techniques, helping participants understand how to forecast future financial performance and align budgets with business objectives.

Day 3: Advanced Financial Tools, Analysis, and Communication

Shifts the focus to advanced financial decision-making tools and effective communication of financial information. Participants will explore ROI, NPV, and IRR to evaluate investments and assess financial risks. The day will emphasize how to present financial data clearly to non-financial stakeholders, and how to use financial analysis to drive strategic decisions within their departments. The course concludes with a personal action plan to implement the learned financial concepts in their managerial roles.

Lecture plan

Session 1: Introduction to Financial Concepts and Key Financial Statements (4 Hours)

Session 2: Budgeting, Cost Control, and Financial Planning (4 Hours)

Session 3: Advanced Financial Tools, Analysis, and Communication (4 Hours)

Learning Methodology

Berkeley offers expertly developed learning materials tailored to meet participants' needs, ensuring comprehensive coverage of the syllabus and optimal exam preparation.

‣ Tailored Material: Guides are designed to cover the entire syllabus, offering full preparation and deep understanding.

‣ In-Depth Content: Unlike superficial outlines, our materials provide fully developed theories and concepts, equipping participants with complete knowledge.

‣ Strategic Study: We help participants prioritize study time by indicating the weight of each topic, allowing efficient focus on crucial areas.

‣ Difficulty Levels: Topics are labeled as "Awareness" or "Proficiency," guiding participants to allocate time based on the required depth of knowledge.

‣ Comprehensive Coverage: Our materials include detailed theory and a glossary of technical terms to clarify complex concepts.

‣ Effective Learning Techniques: Visual aids and memorization techniques ensure long-lasting retention, helping candidates succeed.

Berkeley’s methodologies equip participants with the essential knowledge and tools for both exams and future success.

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Lectures

Our lecture plan integrates structured learning with interactive teaching methods, promoting engagement and collaboration. This approach ensures a comprehensive understanding of concepts, fostering critical thinking and practical application in real-world scenarios

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Practice Session

Practice sessions offer hands-on experience through guided exercises, enhancing skills and reinforcing knowledge. This practical approach ensures mastery of concepts, promoting confidence and competence in real-world applications

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Mock Examination

Mock examinations simulate real test conditions, providing valuable practice and assessment. This helps identify strengths and weaknesses, ensuring thorough preparation and boosting confidence for actual exams

berkeley's performance standards

Evaluates and ensure the quality of the training program and all its deliverables.  This is measured through the following indicators:
‣ Instructors' experience and style in presenting and explaining topics.
‣ Variety and balance of teaching methods (such as discussions, case studies, mock exams and videos) used in the course to ensure retention and to match the learning objectives.
‣ Level of interactivity.
‣ Feedback from program participants
‣ Full compliance with Institute standards and guidelines for preparation and study requirements and methodology.
‣ Progress reports from the training program provider.

Fee Structure

Self-Study Program

AED 5500.00

Ideal for disciplined learners who prefer flexibility

  • Access to Berkeley Study Materials (eBook)
  • Lecture Recording

Live Online Classes

AED 9000.00

Learn from expert instructors in real-time

  • Interactive live sessions
  • Full syllabus coverage and doubt solving
  • Study materials

One-to-One Face-to-Face Coaching

AED 18300.00

Personalized, intensive learning experience

  • Individual attention and customized pace
  • Direct mentorship with an expert trainer
  • Complete study package included
Success Stories

“As a strong advocate for education and human development, I commend Berkeley for its exceptional commitment to empowering future leaders. The institution stands as a symbol of excellence, innovation, and opportunity. Students who walk its halls are nurtured with knowledge, values, and vision—qualities that contribute to building a stronger and more prosperous future for our nation.”- H.H. Shaikh Khalifa Al Hamid

Visit our Alumni

Alumni Benefits

‣ Exclusive Networking Events: Access invitations to industry-leading events and thought-leadership gatherings featuring renowned speakers.


‣ Monthly Updates: Stay informed with a newsletter highlighting the latest research, events, and activities from the school.


‣ LinkedIn Community Access: Join the Executive Education LinkedIn group for networking and professional development opportunities.


‣ Educational Discounts: Enjoy a 20% discount on open-enrollment programs and access to workshops focused on emerging trends.


‣ Global Alumni Network: Connect with a diverse alumni community through the Berkeley School’s online network and engage in country and interest groups.

Is It Worth the Investment?

The salary for individuals completing the Finance for Non-Finance Managers training program varies by region:

  • USA: $60,000 to $120,000, with higher salaries for senior roles in specialized industries.
  • Europe: €45,000 to €95,000, varying by country, with Western Europe offering higher pay.
  • Asia: $25,000 to $70,000, with higher pay in developed countries like Singapore and Hong Kong.
  • Middle East: $45,000 to $95,000, depending on the country and industry, with higher salaries in sectors like energy and finance.

In all regions, the training boosts earning potential, particularly for managerial roles where financial skills are valuable. Salary ranges are influenced by experience, industry, and country.

What you earn

You will get a certificate of completion, which is highly reputed and accepted by employers.

Enhanced Financial Literacy

Participants will gain a clear understanding of key financial concepts such as income statements, balance sheets, cash flow statements, and financial ratios.

Improved Decision-Making Skills

Managers will learn how to assess financial data to make more strategic decisions, particularly when it comes to budgeting, forecasting, cost management, and profi

Enhanced Career Prospects

Acquiring financial skills opens up new career opportunities and demonstrates leadership qualities, especially for managers looking to move into more senior roles or take on additional responsibilities.

Increased Organizational Efficiency

With a better understanding of financial performance, managers can drive initiatives to improve operational efficiency, reduce waste, and allocate resources more effectively across the business.

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contact us for more information or to apply for admission. Seats fill up quickly, so we encourage early registration!

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