Professional Diploma in Finance for Non Financial Managers

For managers without a financial background, understanding finance can be a real challenge. Despite this, you will regularly be faced with situations where this knowledge is taken for granted.

This comprehensive Professional Diploma is designed to help all non-financial managers appreciate the key concepts of finance and how you can use this understanding to not only improve your own performance but the business. It will demystify the subject of finance and leave you with a clear understanding of the most common financial terminology used in business – enabling you to communicate with your colleagues and business contacts more effectively.

You will also gain the crucial skill of being able to read and interpret the financial information and reports that you are regularly presented with. Ultimately, this newfound appreciation of finance and what it means to your business will allow you to be more successful and influential in your managerial role.

• How to understand and interpret your organization’s financial statements
• How to identify and make use of the financial information most relevant to your job role
• The language and terminology to use when communicating with colleagues in financial roles.
• The difference between profit and cash flow and how you can manage and improve them both.
• The role you can play in setting budgets and developing your organization’s financial strategy.
• How to meet the needs of your shareholders, directors, managers, and creditors

• Module 1: Introduction to Finance
  • What is Finance?
  • Why is Finance So Important?
  • Financial Terminology
  • Key Terms
  • Exercise
• Module 2: Financial Management Tools
  • Zoho Finance Plus
  • QuickBooks
  • Sage Intacct
  • Oracle Financials Cloud
  • Exercise
• Module 3: Profit and Loss Accounts
  • Profit and Loss
• Trading Accounting
• Differences Between the Trading Account and Profit and Loss Account
  • Exercise
• Module 4: Understanding Income and Expenditure Accounts
  • Methodology
  • Example
  • Exercise
• Module 5: Cash and Accruals Account
  • Cash and Accruals Accounting
  • Exercise
• Module 6: Communicating Effectively with Finance Professionals
  • What is Effective Communication?
  • Exercise
• Module 7: Analyzing Trends in Financial Flows
  • Four Techniques to Carry Out Financial Analysis
  • Trend Analysis
  • Common-Size Financial Statement Analysis
  • Percentage Change Financial Statement Analysis
  • Benchmarking
  • Exercise
• Module 8: Reading Balance Sheets
  • Key Equation
  • Assets
  • Liabilities
  • Example
  • Exercise
• Module 9: Constructing a Cash Flow Statement
  • Three Distinct Activities of Cash Flow Statements
    • Cash Flow from Operations
    • Cash Flow from Investing
    • Cash Flow from Financing
  • Exercise
• Module 10: How to Build a Budget
  • Budget Preparation
  • Budget Control Cycle
  • Incremental Budgeting
  • When should You Use Incremental Budgeting?
  • Zero Budgeting
  • Exercise

• The diploma is held by the direct training system
• Number of hours 50 training hours

• The trainee is given a certificate documenting his attendance, participation and interest in the diploma, attested by the Swedish Ministry of Foreign Affairs
• 80% of the diploma hours must be completed to obtain the certificate

Advantages of attending and participating in diploma activities with the Scandinavian Academy for Training and Development in the Kingdom of Sweden

• After completing the diploma and successfully passing it, the trainee participating in the diploma gets a training scientific bag that includes:
  • An integrated training package containing (certificate of attendance, participation and interest in the diploma attested by the Swedish Ministry of Foreign Affairs – the scientific material for the diploma)
• The Scandinavian Academy for Training and Development is a specialized training company registered in the Kingdom of Sweden under the number – 559173-7431
• The certificate issued by the Scandinavian Academy for Training and Development is not considered an academic certificate, but rather a professional certificate documenting participation and attendance in training activities. All attestations of the certificate are commercial attestation only, not academic.