Financial Management in Business: Finance Management and Budgeting

Course overview

Description generated based on course syllabus and open data.

This program on financial management in business covers cash flow (Cash Flow) modeling, Balance Sheet preparation, budgeting, and building a financial risk control plan. The material is organized around applied analytics and management reporting.

Program content for financial management in business

• Cash Flow calculation and forecasting: direct and indirect methods.
• Balance Sheet links to P&L and Cash Flow for managerial decision-making.
• Budgeting: annual budget, OPEX/CAPEX, scenarios and forecasts.
• Financial risk control: Risk Map, limits, and response planning.
• Performance metrics: profitability, liquidity, turnover, KPI.

Who financial management in business fits and who it does not

Suitable for

• SMB owners and leaders with P&L responsibility.
• Financial analysts and managers working with budgets and reporting.
• Project and operations managers planning Cash Flow and resources.
• Entrepreneurs without a finance degree who need to systemize business finances.

Not suitable for

• Those seeking a full accounting course from scratch.
• Those preparing for professional certifications such as ACCA/CFA.
• Those expecting purely theoretical content without applied managerial analytics.

Financial management issues → working outcomes of learning

• Volatile cash flow → a working cash movement model and payment calendar.
• Unclear budget → structured annual budget with OPEX/CAPEX and scenario analysis.
• Fragmented metrics → unified KPI system: margin, liquidity, turnover.
• Unmapped risks → a Risk Map with limits and control checkpoints.
• Lack of transparency → managerial P&L, Balance Sheet, and rolling forecasts.

Financial management in business: comparison of approaches and alternatives

Self-learning

• Pros: flexibility and low cost.
• Cons: fragmented knowledge, limited validation.

MBA and long programs

• Pros: broad management framework.
• Cons: time-intensive, less focus on applied finance for small/medium businesses.

One-off consulting

• Pros: targeted answers to specific questions.
• Cons: no systematic preparation or in-house capability building.

Outcomes of mastering financial management in business

• Analysis of key metrics: profitability, liquidity, turnover.
• Creation of an annual financial plan and budget with rolling forecasts.
• Expense optimization via structured lines, limits, and KPI.
• Use of a Risk Map to control financial deviations.
• Preparation of management reporting for decision-making.

Instructor and experience in finance management

Yaroslav Kosar — Head of Financial Planning & Analysis at N-iX, 11 years in financial management. Developed management reporting and forecasting systems; implemented adaptive pricing models. Served as a finance partner at SoftServe; at Nestlé contributed to project launches with significant operational impact.