FINANCE FOR NON-FINANCIAL EXECUTIVES

"Finance for Non-Financial Executives," offered by Gateway Consulting in collaboration with HEC Business School in Paris, is designed to demystify financial concepts for leaders without a financial background. This four-day program equips participants with the tools to understand and interpret key financial data—accounts, budgets, indicators, and ratios—crucial for managing a company or business unit effectively. Drawing on real-world case studies, the course bridges financial knowledge with strategic and operational decision-making, empowering participants to align financial insights with business objectives confidently.

Country:

Paris

• Develop a clear understanding of financial statements, including balance sheets, income statements, and cash flow statements.
• Interpret and leverage key financial indicators and ratios for informed decision-making.
• Build practical skills for budget preparation, analysis, and management.
• Connect financial management principles with strategic and operational business goals.
• Enhance confidence in communicating and collaborating with financial professionals.

• Introduction to basic financial principles and terminology.
• Overview of financial statements: Balance sheets, income statements, and cash flow statements.
• Understanding and interpreting key financial ratios.
• Budget preparation and management fundamentals.
• Linking financial data to strategic decision-making.
• Tools for evaluating business performance and profitability.
• Real-world case studies for practical application.
• Strategies for effective collaboration with financial teams.
  
  

DETAILED 4-DAY BREAKDOWN

Day 1: Financial Fundamentals

1. Introduction to financial terminology and concepts.
2. Understanding the structure and purpose of financial statements.
3. Case study: Analyzing a company’s financial position.
4. Workshop: Navigating balance sheets and income statements.

Day 2: Key Financial Indicators and Ratios

1. Importance of financial ratios in performance evaluation.
2. Interpreting profitability, liquidity, and solvency ratios.
3. Case study: Practical ratio analysis.
4. Exercise: Applying ratios to business scenarios.

Day 3: Budgeting and Financial Planning

1. Fundamentals of budget preparation and variance analysis.
2. Strategies for aligning budgets with business objectives.
3. Tools for effective financial forecasting.
4. Workshop: Developing and analyzing a departmental budget.

Day 4: Financial Decision-Making and Application

1. Linking financial insights to strategic decisions.
2. Evaluating investments and assessing profitability.
3. Collaborative exercise: Solving real-world financial challenges.
4. Action planning: Applying financial knowledge to your role.
   
   

TARGET AUDIENCE

• Senior managers and executives without a financial background.
• Business unit leaders responsible for budgeting and financial oversight.
• Professionals seeking to enhance decision-making with financial insights.
• Entrepreneurs and business owners aiming to strengthen financial acumen.
• Department heads collaborating with finance teams on strategic projects.
  
  

METHODOLOGY

The program employs a hands-on and practical learning approach, including:

• Expert-led sessions with HEC Business School faculty.
• Real-world case studies for contextual understanding.
• Interactive workshops and collaborative exercises.
• Group discussions to enhance peer learning.
• Personalized feedback and action planning for workplace application.
  
  

CONCLUSION

"Finance for Non-Financial Executives" bridges the gap between financial concepts and effective management. By leveraging the expertise of HEC Business School and applying real-world tools, participants will leave the program with the confidence and skills to make informed decisions, align financial insights with strategic goals, and collaborate effectively with finance professionals to drive organizational success.