Finance for Non-Financial Managers Enterprise Risk & Uncertainty
Workshop Overview
This 4-5 day hands-on training program equips technical and defense-sector executives with a comprehensive understanding of accounting, finance, and profit and loss management. It bridges the gap between engineering, operations, and finance by building a solid foundation in accounting principles before exploring financial interpretation, cost control, and strategic budgeting. Participants will learn how to read financial statements, understand cost structures, manage P&L statements, and use financial insights to make informed decisions that improve profitability and operational efficiency.
The program blends financial fluency with practical application through real-world defense-related examples—covering project budgeting, cost control, lifecycle management, and investment evaluation. It enables participants to translate technical and operational performance into measurable financial results that drive mission readiness and strategic success.
Module 0 – Introduction to Accounting and Financial Principles
Module 1 – Understanding Financial Statements in Practice
Module 2 – Financial Thinking for Technical Executives
Module 3 – Decoding Financial Statements
Module 4 – Cost Structures and Efficiency Levers
Module 5 – Mastering the Profit & Loss Statement
Module 6 – Financial Decisions and Investment Evaluation
Module 7 – Building and Managing Practical Budgets
Learning Objectives
By the end of the training, participants will be able to:
- Understand the fundamentals of accounting and the structure of financial statements.
- Read and interpret the Profit & Loss (P&L), Balance Sheet, and Cash Flow statements with confidence.
- Link financial performance to operational and mission outcomes.
- Identify and manage cost drivers and understand their impact on margins and profitability.
- Use financial data to support strategic decision-making and performance improvement.
- Develop practical budgets aligned with organizational and defense priorities.
- Communicate effectively with finance professionals and senior leadership using financial terminology.
- Apply financial insights to resource allocation, project evaluation, and risk management within defense contexts.
