Finance for Non-Financial Managers Training in Denmark

  • Learn via: Classroom
  • Duration: 2 Days
  • Level: Intermediate
  • Price: From €2,288+VAT
We can host this training at your preferred location. Contact us!

'Rule No.1: never lose money. Rule No.2: never forget rule No.1.'

Warren Buffett – American Buinessman and Investor

Managers today are increasingly expected to understand and manage the finances in their area and often participate in financial decisions such as business cases and budget reviews. However Finance, like most professions, has its own jargon and terminology together with some processes and principles which often seem at odds with how we would manage our personal finances. This makes it confusing for non-finance people to understand how finance operates within organisations and prevents them from engaging in financial discussions and activities.

Common concerns we hear include:

  • I don’t understand the financial jargon
  • How can I get a better understanding of financial terms and principles?
  • How can I better understand how finance works in my organisation?
  • How can I feel more in control of the financial aspects of my role?

This course is designed to ‘de-mystify’ the world of finance and provide you with the confidence and competence to engage in financial activities in a way which demonstrates an understanding of the way finance is measured, the documents and statements which communicate it and the business conditions which drive financial decisions.

  • Identify the role and importance of Finance within organisations
  • Recognise and describe some of the common terms and jargon that are used
  • Identify the elements of the Profit and Loss Account and Balance Sheet
  • Find out about the tools that are used by the external market to judge organisations
  • State the key distinction between profit and cash
  • Recognise how organisations identify the drivers of their financial performance
  • Learn about the key techniques within management accounting, specifically costing, cash flow and budgeting, and how they are used to forecast performance and support decision-making

The course will cover:

Day 1:

  • Welcome and Introductions
  • Financial Principles and Terminology
    • Financial principles – how finance works in organisations
    • Terminology – making sense of the language
    • Business cycles – Operational and Capital Investment
    • Financial statements - Income and Expenditure (P&L) and Balance sheets
  • Financial Ratios – measuring financial performance
  • Liquidity
  • Performance and profitability
  • Investment
  • Productivity
  • Distinction between profit and cash
  • Cash flow statement
  • Cash flow forecasting
  • Cash and Cash Flow

Day 2:

  • Understanding costs
    • Importance of managing costs
    • Fixed vs variable
    • Direct and Indirect
    • Breakeven
  • Budget awareness
  • Types of budget
  • Organisation’s budgeting process
  • Reviewing budgets
  • Purpose and content
  • Financial justification including payback, payback period, NPV and IRR
  • Business Case and Investment Appraisal
  • Review, Action Planning and Close


Contact us for more detail about our trainings and for all other enquiries!

Upcoming Trainings

Join our public courses in our Denmark facilities. Private class trainings will be organized at the location of your preference, according to your schedule.

Classroom / Virtual Classroom
17 december 2024
Kopenhag, Aarhus, Odense
€2,288 +VAT Book Now
Classroom / Virtual Classroom
15 januar 2025
Kopenhag, Aarhus, Odense
€2,288 +VAT Book Now
Classroom / Virtual Classroom
17 december 2024
Kopenhag, Aarhus, Odense
€2,288 +VAT Book Now
Classroom
04 februar 2025
Kopenhag, Aarhus, Odense
€2,288 +VAT Book Now
Classroom / Virtual Classroom
15 januar 2025
Kopenhag, Aarhus, Odense
€2,288 +VAT Book Now
Classroom
04 februar 2025
Kopenhag, Aarhus, Odense
€2,288 +VAT Book Now
Classroom / Virtual Classroom
18 marts 2025
Kopenhag, Aarhus, Odense
€2,288 +VAT Book Now
Classroom / Virtual Classroom
18 marts 2025
Kopenhag, Aarhus, Odense
2 Days

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Finance for Non-Financial Managers Training Course in Denmark

Denmark is a constitutionally unitary state that is in Northern Europe. The population of the country is 5.91 million and 800,000 of them live in the capital and largest city, Copenhagen. And Danish is the official language. Denmark is a part of Scandinavia, like Norway and Sweden. The country experiences changeable weather, since it's located in the meeting point of diverse air masses. The coldest month of Denmark is February while July is the warmest month.

The most popular tourist attractions are Tivoli Gardens, Nyhavn, Kronborg Slot and Viking Ship Museum. Tivoli is considered as the inspiration behind the Disney theme parks, which also contains roller coasters, puppet theaters, restaurants and food pavilions. And the reason why Kronborg Slot attracts tourists is because the castle is the setting of Shakespeare's Hamlet, and also a UNESCO World Heritage Site.

With a focus on meeting the unique requirements of Denmark, Bilginç IT Academy integrates advanced training methodologies into our diverse range of Certification Exam preparation courses and accredited corporate training programs. Prepare to revolutionize your perception of IT training with us.
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