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

A learning experience like no other

When you come to Vlerick, you step away from your usual routine and gain a wider perspective. You discover how to tackle challenges, turn your knowledge into action and apply your skills in your workplace. You learn from faculty who are experts in their fields – and from a diverse group of peers. All these things help you become a confident, skilled professional, ready to succeed in business – and in life.

Vlerick Learning Experience

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A learning experience with real impact on your operations? A management programme tailored to the specific needs of your business? Contact us and discover how we can design and deliver customised programmes for your team that add genuine value to your organisation.

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Contact our Programme Advisor
Programme Advisor
Tel + 32 9 210 98 84
[email protected]
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