FinanceXplained
Cat18.jpg Finance For Non-Financial Managers
Upcoming dates in English

BE - Brussels - 04 & 05 May 2020 - NH Collection Brussels Centre (Route Map)
LU - Senningerberg - 26 & 27 November 2020 - NH Luxembourg (Route Map)
Ask us a question about this course or request In-Company information
PROGRAM OUTLINE for this 2 day course in English
Course Highlight

In today’s business environment, all managers require a practical working knowledge of financial management to make informed business decisions.

This 2-day course is designed to provide non-financial managers with a solid financial framework on where to develop from.  Effective management depends on solid financial decisions and as a manager, or any other individual with budget responsibility, you have to be able to:

  • Interpret financial data, the income and cash flow statements and the balance sheet.
  • Understand the budgeting framework, the type of budgets and the uses of budgeting.
  • Develop the skills to analyse and develop capital expenditure projects
  • Interpret key performance indicators and evaluate your contribution to your organisation.

This comprehensive, hands-on programme gives non-financial managers the skills and confidence they need to analyse and interpret financial information, through key theory and practical exercises enabling to make decisions that deliver shareholder value in your organisation.

 

Recommend background

This programme is designed for manager from non-financial backgrounds who increasingly need to use financial information to appraise performance and make decisions. The programme is suitable if you have little or no prior financial knowledge, as well as those looking for a refresher. Participants come from a diverse range of backgrounds, including technical, operations, marketing and general management.

What You Will Learn

You will have the skills to interpret you own organisations financial statements and interpret its performance. Feel comfortable in designing and evaluating budgets or capital expenditure projects in the light of your own organisations performance and argue the case for approval and acceptance. You will be able to prove shareholder value based on your managerial decisions showing the effects on the balance sheet, income and cash flow statement.

Course format

This course will be taught using a combination of formal instructions, combined with practical and interactive exercises and case studies used to reinforce the concepts taught in each section of the course.

Practice-based learning and critical engagement is a key theme through all our courses allowing delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed.

Syllabus
Day 1:

  The role of finance and the differences with accounting

  • You will learn about the various functions of the finance department, internal and external reporting.
  • Who are the main actor and their functions in the organisation?
  • Understand the basic principles, terminology and building blocks of financial control

 

  Financial reporting and principles of accounting

  • Learn about the balance sheet and the accounting principles
  • The Income statement, revenues and costs
  • The role of the cash flow statement
  • The relationship and interaction between the three key statements
  • Appreciate the financial implications of plans and decisions
  • The application, importance of tax and VAT

 

  KPI´s, ratios and analysis

  • What are financial KPI´s
  • How do they enable us to measure profitability, liquidity, solvency and efficiency.

 

  Working Capital Management

  • Learn about methods to measure inventory, accounts receivable, accounts payable
  • Accounts receivable management techniques
  • Learn how to keep expenditure under control
  • Methods inventory management

 

Day 2:

  Costing and pricing

  • Cost concepts and which methods are available to us
  • Pricing, quantity, margins and mix
  • Strategy and implications
  • Recognise different types of cost and how costs can be controlled
  • Learn about pricing strategies
  • Fixed and variable costs & Break even

 

  Budgeting (OPEX)

  • Learn about operational expenditure and the role of budgeting
  • Learn and practise the different budgeting techniques
  • Budget variance analysis and exercises

 

  Capital Budgeting - Project Appraisals - Capital expenditure (CAPEX)

  • Project investments and investment methods
  • Learn about various methods to determine the return of investment
  • Which costs to use for investment decision making
  • The discount factor and which discount factor to use
  • Apply and calculate Payback, NPV, IRR
  • Discuss non-financial aspects of investment decisions

 

 

 

Price and Registration Dates
Course Fee: € 1460 (VAT exclusive ) ** Prices and conditions might slightly change depending on country **
Early booking discount: 
A 10% discount is available if you register 2 month(s) before the course start date.

Belgium Subsidies: Flanders KMO-portefeuille: DV.O225876 and the Brussels Capital Region.
 

BE - Brussels :   04 & 05 May 2020
Number of Days: 2
Timing: From 09:00 till 17:00

Price: 1460 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 05/03/2020
NH Collection Brussels Centre
Boulevard Adolphe Max. 7
1000 BE - Brussels
Belgium

LU - Senningerberg :   26 & 27 November 2020
Number of Days: 2
Timing: From 09:00 till 17:00

Price: 1460 Euro  (Vat Exclusive)
Early booking discount: A 10% discount will be applied if you register before or on 27/09/2020
NH Luxembourg
Route de Tréves 1
2633 LU - Senningerberg
Luxembourg





Course Lecturers
Maureen Whitehead-Lausman, MBA

19 years associate lecturer in Financial Strategy and Corporate Strategy for a triple accredited global business school. 20 years’ experience developing and delivering training programs for large and medium sized companies including in Germany, China, USA, Singapore, Ethiopia, South Africa, Russia and Romania. Corporate finance, value based management and finance for non-financial managers at middle and senior management level are a particular interest.  


Kris Blommaert, MBA

Kris Blommaert has over 20 years of international experience in both finance and general management for local and European based organisations and businesses. He has been an associate lecturer at a triple accredited global business school for 10 years at MBA level. He has lectured "Managing Performance and Change" and "Management Perspectives and Practice" in Belgium, Switzerland and France.  


Dr. Nico Binsfeld, MBA

Dr. Nico Binsfeld holds a Doctor of Business Administration, a Master of Science in Engineering and an MBA. He has over 30 years of experience in different engineering and management positions in media, telecommunications and IT, having held CEO positions of different SMEs in Luxembourg. He currently works as consultant for the “Agence pour le développement de l’emploi” were he is involved in different projects related to vocational training and digital transformation. Nico also has over 12 years of experience as an Associate Lecturer on the MBA programme of a triple accredited global business school covering “Foundations of Senior Management”, "Strategy" as well as the final, evidence-based management module "Making a Difference". In that role, he has worked in Luxembourg, Belgium, France, the Netherlands, Germany, Switzerland, the UK, Ireland, Romania, Austria and Russia.  


Mag. Johannes Hofinger, MBA, FRM

Johannes Hofinger is specialized in Risk Management, Basel III, IFRS and regulatory reporting. His professional skills are reinforced by strong academic roots. He lectures for global business schools in corporate finance, managerial accounting and financial reporting. The main roles undertaken are lecturing, consulting and project management.  


Our International Experience
Participant feedback

A course with 10 participants is very good to favour the interactivity. Thanks for the perfect course content and lecture.

Very good course, teacher, and approach. Material available on-line prior the course + request to the participants about their expectations from the course.

A pleasant and knowledgeable instructor with a lot of interaction among participants.

An excellent course for people like myself.

Congratulations! Very well done. Nothing more to add.

I really appreciated the empathy and skills of the lecturer Bruno Bosch. Also, the size of the group (7 persons) was perfect to have the necessary interactivity throughout the course.

I strongly recommended this training to my colleagues as I found it very useful.

I think this was one of the best course I've ever attended. The trainer, Mrs Maureen, was extremely pedagogic and the structure of the course was very well planned with just the right mixture of theory versus practical examples and exercises.

It was a very enjoyable course. The group was small which made it easier to be 100% involved.  The exercises and case study were absolutely great and necessary to put the theory in practice. A very knowledgeable teacher.

It was nice to have a lecturer with profound knowledge on the topic so that the level of discussion could go further than the simple basics of valuation.

Lecturer had good understanding of the subject and good understanding of practical application.

Perfect for me. Exactly what I was looking for.

Thank you for the training, which was very clear and met my needs.

The course absolutely answered my expectations and needs.

The lecturer is a knowledgeable person with real market experience which is a plus.

The lecturer is excellent. She explained clear and control good interaction with students.

The training format and takeaways corresponds to what I expected. Thanks for the good preparation

Theoretical explanations good and with good interaction with audience.

There were lots of real life examples and relation to peoples own industries.

This was an excellent course and Kris made it very interesting and useful. He is highly knowledgeable, skilled and open to suggestions.

Thumbs up Maureen!

Very good and interesting training. One of the best I ever had.

 

Companies who attended our courses

 

 
AG Insurance
Allianz Benelux
Argenta NV
AXA Belgium
Baloise Insurance
Banca Monte Paschi Belgio S.A.
Bank De Groof
Banking Association (Kosovo)
Belfius Investment Partners
BNP Paribas Fortis
Bpost Bank
Buy Way
CBC Bank
Cegeka
Celio Finance SPRL
Credendo
Delen Private Bank
Delta Lloyd Life
Deutsche Bank AG
DKV Belgium
Ethias SA
Euler Hermes Services
Euroclear Bank SA/NV
Euroclear Investments
Europ Assistance
European Investment Bank - EIB (Luxembourg)
European Union - EDFIMC / ElectriFI
Flanders Investment & Trade
Gras Savoye Belgium
Incofin Investment Management
ING Bank België
KBC Bank
Mastercard
Ministry of European Integration (Kosovo)
National Bank of Belgium
NN Insurance Belgium
Petercam
Record Bank
Société Générale Private Banking
SWIFT
The Royal Bank of Scotland (RBS)
Triodos Bank
VGD International -Audit & Tax
Wolters Kluwer Financial Services
Zurich Insurance plc, Belgium branch
Vanbreda International
 
 
 
Afton Chemical SPRL
Air Liquide
Allnex Belgium SA/NV
ANL Plastics
Ansell
ARC EUROPE SA
Arcelor Mittal ( Belgium & Luxembourg)
Axalta Coating Systems 
BASF Antwerpen
BASF Belgium Coordination Center
Beaulieu International Group
Bekaert
Borealis Polymers NV
Bridgestone Europe SA
CNH Industrial Belgium NV
Cofely Fabricom
Cytec Belgium
DOMO Chemicals (Germany)
Donaldson
Dow Corning
Electrolux Appliances AB - EMA- EMEA (SEE)
Engineered Pressure Systems International
European Owens Corning Fiberglas
Fost Plus
GDF Suez
Griffith Foods
Hamon & Cie
Heraeus Electro-Nite International NV
Jacobs Belgium
KODAK SA/NV
Milliken Europe
Niko Group
NXP Semiconductors - Prodis  (Netherlands)
SOLVAY
SPX Cooling Technologies
Synventive Molding Solutions (Germany)
TERUMO EUROPE
Tessenderlo
Vinçotte International
VPK Packaging Group NV
WABCO
Yara Belgium NV
 
 
 
 
 
Antwerp World Diamond Centre
AVEVE Biochem NV
Carrefour Belgium
Delhaize Corporate Group
Godiva
IKEA 
 
Abbott Logistics B.V. (Netherlands)
AbbVie (Canada)
Agfa HealthCare NV
Alcon
Alcon-Couvreur
Amplifon
AZ Sint-Blasius
Baxter International (Austria)
Catalent Pharma Solutions
CinnaGen (Tehran)
Datwyler Pharma Packaging International
Groep OZ ESV
Hologic
Landelijke Christelijke mutualiteit (LCM)
Mutualités Libres: MLOZ
Novartis Pharma
SA Bristol- Myers Squibb Belgium NV
Stryker (Netherlands)
Terumo BCT Europe NV
UCB
Zorgbedrijf Antwerpen
 
 
 
AW Europe
Belgacom
Belgian Nuclear Research Centre (SCK-CEN)
CISCO
Corelio Printing
De Persgroep Publishing nv
EDF Luminus
Elia System Operator
Engie Electrabel NV/SA
Eni Gas & power
Fluxys Belgium
INFRABEL
Itineris NV
KEYRUS
M-Team
NRB
ORANGE
Proximus
Siemens
Telenet
 
 
Agentschap Innoveren en Ondernemen
Europees Parlement
Ministry of European Integration
National Agency for Protection of Personal Data
Nationale Loterij
SD Diensten NV (SD Worx)
SESAR Joint Undertaking
Stad Antwerpen
Stadsbestuur Harelbeke
Syntra Brussel
UGent - FBW
Vrije Universiteit Brussel (VUB)
 
 
 
Acturus sprl
ARC Europe
BDO 
BIA Africa
Bia Overseas
Brooser BE Operations 
Capgemini
Cipal Schaubroeck
Compass-Group
Computacenter
Computer Task Group
Deloitte Accountancy
Egemin International
Enhesa International
FIS (former Clear2Pay)
Interel Group
K&L Gates
Matexi NV
Minds&More
Pricewaterhouse Coopers
PwC Tax Consultants
Securex
Toreon
Vinçotte International sa
 
 
 
Alcopa
Alstom Belgium
ARC Europe 
Brussels Airport Company
De Lijn
D'Ieteren Auto
EUROCONTROL 
Gemeentelijk Havenbedrijf Antwerpen
Globachem nv
GSC Greensea Chartering 
HONDA Motor Logistics
JBT
Neovia Logistics
NMBS
PSA Antwerp nv
Retail & Wholesale
Seatrade Reefer Chartering
Thalys International
Trimble T&L
Volkswagen Group Services
Wallenius Wilhelmsen Logistics Zeebrugge NV
Westlandia
Witzenmann Benelux nv
 
 
 
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