Finance for Non-Financial Managers
Making the figures a part of your thinking
in Open Executive Education in Belgium and #27 worldwide
The capacity to understand financial figures. Wouldn’t this be valuable information – even though you don’t work in finance? On this seven-day programme, you’ll live and learn the figures. You’ll know how to read an annual report, prepare a financial report, establish budgets and interpret key figures. In fact, you understand financial matters in the blink of an eye – and are ready to leap into your organisation with a completely fresh, more informed perspective.
This programme gives you all the basic principles of financial management.
Track I: Understanding Annual Reports
Module 1: Introducing Annual Reports
- Learn key concepts
- Experience the FAST© simulation
- Discover balance sheets and profit-and-loss accounts
- Understand cash flow
Module 2: Interpreting Balance Sheets and Profit-and-Loss Accounts
- Explore practice-based case studies
- Discover liquidity, profitability and solvency
- Learn the real meaning of value-add
Do you only wish to take this track? Check ‘Understanding Annual Reports’ for more info.
Track II: Mastering Costs and Budgets
Module 1: Costing Concepts
- Discover key concepts such as variable and fixed costs, direct and indirect costs, differential and opportunity costs
- Explore various techniques for cost calculations
- Learn about contributions
- Know how to calculate actual, standard and variable costs
Module 2: From Full Costing to Activity Based Management
- Learn to distinguish relevant from irrelevant costs and yields
- Discover Activity Based Costing (ABC)
- Understand how ABC helps to proactively control cost
Module 3: Budgeting
- Understand the strategic use of budgets
- Explore strategic variance analysis
- Learn how budgets are created
Do you only wish to take this track? Check ‘Mastering Costs and Budgets’ for more info.
Track III: Grasping Financial Management
Module 1: Raising financing and working capital management
- Understand the concept and perform calculations of NPV, IRR, DCF etc...
- Develop and implement a financial plan
- Learn to manage working capital
Module 2: Investment decisions
- Explore front-to-end analysis of the investment process
- Carry out in-depth examinations of various selection methods: Net Present Value (NPV), Internal Rate of Return (IRR), etc
- Learn about feasibility and financing of investments and their related risks
- Assess the profitability of investment projects
Do you only wish to take this track? Check ‘Grasping Financial Management’ for more info.
- Master all key concepts through the Vlerick simulation game FAST© (Finance & Accounting Simulation Tool)
- Develop the confidence to calculate costs and learn about costing concepts
- Apply the art of Activity Based Costing
- Analyse and draw up a financial plan, with all the trimmings
- Learn the investment process and the different selection methods
Want to get a flavour of this programme? Watch the participant testimonials on this video and get a feel for the energy, enthusiasm, the approach to learning, the return on investment for you and your company and why previous participants recommend this programme to you.
- Professionals
- Functional managers outside finance
- General managers with little prior knowledge of finance
In previous editions, we had the pleasure of welcoming participants from companies like:
Wouter De Maeseneire
Professor of Corporate Finance
Wouter De Maeseneire is passionate about explaining financial management principles by linking finance to business models and strategies.
Filip Roodhooft
Professor of Management Accounting
Filip Roodhooft shows you how the finance function can be a valuable business partner for your organisation.
Kristof Stouthuysen
Professor of Management Accounting & Digital Finance
Kristof Stouthuysen drives sustainable value creation with management accountancy – and leverages technology to make better financial decisions.
Mathieu Luypaert
Professor of Corporate Finance
Mathieu Luypaert explains how insights into financial figures and decisions can lead to value creation.
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