Financial Basics for New Managers

Financial Basics for New Managers equips participants with foundational financial knowledge essential for effective management. The course emphasizes practical applications of financial principles, enabling new managers to make informed decisions that positively impact their teams and organizations. Through a project-based approach, learners will engage in interactive sessions that foster collaboration and real-world problem-solving.
Participants will explore key financial concepts, including budgeting, forecasting, and financial analysis, while working on a final project that synthesizes their learning into a practical financial plan for a hypothetical organization. By the end of the program, attendees will have developed the skills necessary to navigate financial discussions confidently and contribute to their organization's financial health.
Understanding financial statements: balance sheets, income statements, and cash flow statements
Budgeting fundamentals: creating and managing a budget
Financial forecasting: techniques for predicting future financial performance
Cost analysis: identifying fixed and variable costs
Break-even analysis: determining the point at which revenue equals costs
Investment basics: understanding ROI and capital budgeting
Financial ratios: using metrics to assess organizational performance
Risk management: identifying and mitigating financial risks
Funding options: exploring sources of capital for business growth
Final project: developing a comprehensive financial plan for a hypothetical organization

To equip new managers with essential financial skills for effective decision-making

Graduates, job seekers, business professionals, researchers, and consultants

Basic understanding of business concepts