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Financial Management for Non-Financial Managers

Making the figures a part of your thinking

#1

FT ranked logo colour

in Executive Education according to the Financial Times

498

former participants

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’ll understand financial matters in the blink of an eye – and be ready to leap into your organisation with a completely fresh, more informed perspective. 

Detailed programme

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 

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 budgets 
  • Explore why organisations use budgets 
  • Learn how budgets are created 

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 

Why this programme

  • 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 

Who should attend

  • 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:

Delhaize logo
Van Moer logo

 

Success stories

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Watch how Jennifer experienced the Financial Management for Non-Financial Managers programme.

Faculty

Wouter De Maeseneire

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

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

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

Mathieu Luypaert

Professor of Corporate Finance

Mathieu Luypaert explains how insights into financial figures and decisions can lead to value creation.