Topic Finance for Non-Financial Managers - scsu 2025

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Financial management encompasses four major areas: Planning. Budgeting. Managing and assessing risk. Procedures.
Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting.
The Finance for the Non-Financial Manager short course explains the fundamentals of finance, including an understanding of standard financial statements and operational messages that can be derived from them.
Start with Simplification. The key to effective communication lies in simplification. Visualise the Data. Identify and Focus on Key Metrics. Embrace Storytelling. Adopt a consultative approach. Leverage Scenario Analysis. Create a Feedback Loop. Align Financial Reporting with Business Objectives.
The following are some recommendations: Use less jargon. Stolow advised CFOs to banish jargon, saying, Accounting and finance have a jargon thats extremely intimidating and off-putting for people not experienced with it. Build trust. Use images and words instead of numbers where possible. Use consistent metrics.
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Tailor your message and language ingly. Use Plain English. Avoid using technical jargon and complex terms that may be unfamiliar to your audience. Use Visuals. Visual aids such as graphs and charts can help to explain complex financial concepts in a more accessible way. Use Analogies. Give Context. Use Active Voice.
The program objective is to raise the financial awareness of professionals and enable them to make better short-term or long-term decisions in managing their businesses.

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