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

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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.

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Programme Advisor
Tel + 32 9 210 98 84
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