Finance For Non-Finance Professionals Training Program

Course Overview

Welcome to the Finance for Non-Finance Professionals Workshop!  This five-day course offers a breakthrough introductory finance experience to boost your financial literacy and business acumen using the innovative Color Accounting Learning System. This method is designed to clearly demonstrate how accounting, finance, and business principles interconnect. By the end of the workshop, you'll be able to confidently read a balance sheet and income statement, painting a meaningful financial story that supports informed decision-making.

Target Audience

This workshop is ideal for:

• Management teams looking to enhance their financial understanding
• Entrepreneurs eager to strengthen their financial decision-making skills
• Any professional aiming to gain a foundational grasp of financial concepts

Course Objectives

By participating in this workshop, you will:

• Discover the five essential finance concepts everyone should know
• Develop the ability to confidently explore and analyze financial statements
• Learn to identify financial issues relevant to your work
• Enhance your communication about financial matters
• Share the mindset of colleagues, clients, and CEOs to gain credibility as a trusted, business-savvy team member

Course Outline

Conversation 1: Introduction and the Balance Sheet

• Explore the purpose of learning finance and organizing systems
• Understand the accounting duality and why a balance sheet balances
• Learn about the uses of funds, including assets, recognition criteria, and valuation methods
• Delve into sources of funds, including liabilities and equity
• Examine the capitalization table and the differences between debt and equity financing

Conversation 2: The Income Statement - Why We Need It and How It Works

• Understand profit-impacting transactions through double entry accounting
• Discover the BaSIS Framework and the necessity of the income statement
• Explore the relationship between the balance sheet and income statement
• Familiarize yourself with the RELAX elements: Revenue, Equity, Liabilities, Assets, and Expenses
• Uncover the value cycle of a business

Application: Introduction to Financial Statement Interpretation

• Transition from accounting information to creating a business narrative
• Learn how to read and generate a business narrative from financial statements
• Get introduced to financial interpretation and analysis
• Identify what to look for when assessing a company board
• Reinforce learning through kinesthetic tools

Conversation 3: The Classic Transactions - Accounting for a Business Scenario

• Apply the conceptual accounting, finance, and business model using the Color Accounting Popup BaSIS