Skip to content

FINANCE FOR NON-FINANCIERS

Finance can be mystifying to those who don’t have a background in financial practices and accounting. This learner-friendly crash course makes it easy for you, giving you a basic understanding of the most important financial tools and concepts.

COURSE DESCRIPTION

Do you feel out of your depth when business discussions turn to financial topics? Are you unsure how to read and effectively evaluate the financial statements and documents that may cross your desk? Do you feel this is an area of knowledge you should be familiar with as a manager, but you’ve just never had the opportunity bridge this gap?

In this course, we’ll introduce topics and processes gradually with a focus on applied use rather than technical jargon. You’ll learn about key topics such as financial statements, short and long term decision-making and revenue and cost management. We’ll touch on the basics of the ratio analyses, cost-volume-profit relationships and investment appraisal techniques.

By the end of the course, you’ll be able to analyse financial data, make informed decisions, and communicate effectively with financial professionals.

WHO IS THIS COURSE FOR?

AIHM_ExecutiveEducation_Executive

Non-Financial Managers

This programme has been specifically designed for non-financial managers.

Non-financial managers include professionals such as managers, supervisors, team leaders, and other executives who do not have a background in accounting or finance but need to understand and use financial information to make better business decisions. This includes professionals from areas such as marketing, operations, human resources, IT and business owners, among others.

AIHM_Teaching

WHAT YOU'LL LEARN

  • How to analyse financial statements
  • The techniques for evaluating long-term investment opportunities
  • How to apply cost management to reduce the cost of producing or acquiring products
  • How to interpret, record and calculate financial information

COURSE OUTLINE

This course consists of two half-day sessions.

You’ll learn how to understand and use financial information to make better business decisions through a combination of lectures, case studies, group discussion and hands-on exercises.

This course consists of two half-day sessions.
0
Learning hours
0
Modules

Module 1: Introduction to Finance

In this module you will be introduced to the process of recording financial transactions and how this leads to the compilation of Balance Sheets, Income and Cash Flow Statements. Taking a step-by-step approach you will be able to create and interpret these important financial documents which will enable you to evaluate the health of your business. This module focus more on the organization of financial information, rather than doing complex calculations.

Module 2: Financial Analysis

Building on the previous module you will be introduced to a range of invaluable financial tools. Ratio Analysis will enable to quickly gain insights into a company’s efficiency and performance. Break Even Analysis will be introduced as a tool to evaluate if the operational budget you propose is feasible, as well as explore alternative options.

Module 3: Capital Budgeting

In the module you will use the tools required to make informed financial decisions about future long term investments. Investment Appraisal Techniques such as Net Present value (NPV), Internal Rate of Return (IRR) and Payback Periods will enable you will be to assess the financial viability of future projects that you would like to propose. This tool will strengthen your ability to gain agreement on the value of the future investment.

AIHM-Executive-Education-Course_Fine-Dining_Gavin

Expert

As a veteran of the hospitality industry, Gavin Tiffin has spent many years planning and hosting a range of bespoke events for global clientele. Many of these events require specialised etiquette and cultural awareness. Working as a manager and consultant in the United Kingdom and later Thailand, Gavin honed his skills and understanding of what is required to deliver events to the highest standard—including the correct procedures for dealing with and communicating with discerning customers who require service that is discreet, polished and follows the age-old way of working.

ADMISSION CRITERIA

Our course is designed for ambitious professionals. There are no admission requirements to enroll in this course. You can come from any sector and bring a host of background experiences.

ADMISSION PROCESS

To enroll, choose the desired intake and fill in your personal details. You will receive an email with the payment link. You are accepted in the course only upon receipt of payment.

DEADLINE

We must receive payment at least five days before the start of the course. Late enrollments can be accepted on a case-by-case basis.

0
per course

Taught in English

"Financial fitness is not a pipe dream or a state of mind. It’s a reality if you are willing to pursue it and embrace it."

- Will Robinson, author

EXPLORE YOUR PROGRAMME OPTIONS

AIHM_Luxury_featured

Luxury Business Management

Do you aim to build, maintain or elevate your brand’s positioning within the luxury market? Are you seeking to create your own luxury brand? This course will give you the tools to achieve your luxurious goals.

Learn More

AIHM_Emotional_Intelligence2-1

Emotional Intelligence

This course on the fundamentals of emotional intelligence tackles a number of the most important but least talked about skills in business. The ‘soft skills’ of emotional intelligence make a concrete impact on business success.

Learn More

Customer Service Excellence

A customer-centric mindset, training and development opportunities, and gathering feedback are all key to improving service quality. By implementing these strategies, you can empower your team to strive for – and achieve – excellence.

Learn More

AIHM-logo_white

BANGKOK CAMPUS

Avani+ Riverside Bangkok Hotel
9th Floor, 257 Charoennakorn Road, Samrae, Thonburi
Bangkok 10600, Thailand

Tel: +66 2 365 6355

PATTAYA CAMPUS

Avani Pattaya Resort
218/2-4, Moo 10, Muang Pattaya, Bang Lamung,
Chon Buri 20260, Thailand

CONTACT US:

contactus@aihm.education

© 2024 Asian Institute of Hospitality Management (AIHM) in academic association with Les Roches