Detailed programme

The programme 'Financial Management for Non Financial Managers' consists of 3 topical components.

Part 1: Understanding Annual Reports

  • Module 1: Introduction to Annual Reports
    • Key concepts
    • FAST© simulation
    • Balance sheet and profit-and-loss account
    • Cash flow
  • Module 2: Interpretation of Balance Sheets and Profit-and-Loss Accounts, Financial analysis of the figures
    • Practice-based case studies
    • What are liquidity, profitability and solvency?
    • What does value-added really mean?

Part 2: Mastering Costs and Budgets

  • Module 1: Costing Concepts
    • Key concepts such as variable and fixed costs, direct and indirect costs, differential and opportunity costs
    • Various techniques for cost calculations
    • What is contribution?
    • How to calculate actual, standardised and variable costs?
  • Module 2: From Full Costing to Activity Based Management
    • How do you distinguish relevant from irrelevant costs and yields?
    • What is Activity Based Costing (ABC)?
    • How does ABC help to proactively control cost?
  • Module 3: Budgeting
    • What is a budget?
    • Why do organisations use budgets?
    • How are budgets created?

Part 3: Grasping Financial Management

  • Module 1: Financial Management
    • Introduction to the key concepts in financial management: cash flow, net working capital, payback and net present value (NPV)
    • Developing and implementing a financial plan
    • Managing working capital
  • Module 2: The Investment Process
    • Front-to-end analysis of the investment process
    • In-depth exploration of various selection methods: Net Present Value (NPV), Internal Rate of Return (IRR), etc.
    • Feasibility and financing of investments and their related risks
    • Assessing the profitability of investment projects

The Vlerick Difference

We have a unique approach to learning, which focuses on bringing theory to life, giving you the skills and insight you need to really make a difference. Spend time on our beautiful campuses, and you become part of one of the most active business communities in Europe, learning in a way that will help you to be a more effective and productive business leader throughout your career. Learning at Vlerick really is an experience far away from traditional classroom learning. You’ll work collaboratively with your faculty and fellow participants to bring your ideas to life in a robust and practical way.

Digital − the new normal in business − will also strengthen your learning process. Our online platform ‘Showpad’ and the use of a tablet grant you access to all of the learning materials anywhere, anytime, and enable you to go beyond note-taking: take pictures of the flipchart during a brainstorming exercise, record a video of a role play, participate in a quick poll, create a Wikipage together … and share them on the spot with your group.

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