Finance for Non-Financial Executives

-5% for Early Entry until 8/1/2025

Application until 27 Jan. 2025

Finance for Non-Financial Executives

  • Mode of Study

    Distance Learning

  • Duration

    5 Months

  • Credits

    16 ECVET

  • Tuition Fees

    600€ (without discount)

Program Objectives

The objective of the “Finance for Non-Financial Executives” program is to provide theoretical and practical training for business and organization executives who lack financial knowledge.

The program covers topics in economics, accounting, and corporate finance, enabling participants to understand the impact of their decisions on the performance and value of their organizations.

Specifically, the program begins with an introduction to economics for non-economists, designed for executives who may not have a strong financial background. This is followed by essential quantitative methods for business decision-making and a necessary introduction to finance and accounting.

Subsequent modules delve into financial statements and their analysis, familiarizing participants with concepts of risk and return, bond valuation, modern portfolio theory, capital cost analysis, and investment program evaluation.

Training Cycle Calendar

  • 27/1/2025

    Application Deadline

  • 30/2/2025

    Program Start Date

  • 4/2025

    Certificate Award

During Christmas, Easter, and the month of August, the Executive Program is temporarily suspended.

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Who Should Attend

The “Finance for Non-Financial Executives” Executive Program is designed for mid- and senior-level executives who do not have a financial background but require practical, work-related knowledge of accounting and corporate finance to make effective business decisions.

Special Programs for Businesses

Skills You Will Gain

By completing the “Finance for Non-Financial Executives” Executive Program, participants will gain multiple benefits. Graduates will be able to:

  • Identify the factors influencing financial and accounting decisions.

  • Recognize the complexity and interdependence of financial issues.

  • Collect, organize, and analyze financial data.

  • Explain the core functions of finance and accounting.

  • Plan, propose, and evaluate various financial activities within a business.

  • Analyze asset valuation models.

  • Explain how to calculate the net present value (NPV) of an investment project.

  • Differentiate between various capital sources and their impact on a company’s value.

  • Describe the operation of the financial system.

  • Explain the fundamental principles of modern portfolio theory.

Course Modules

Total Duration: 5 Months Teaching Hours: 400

Economics for Non-Economists

2 Weeks

Basic economic concepts

Inflation and interest rates

Economic cycles

Money and banking system

The international financial system

Quantitative Methods for Business Decision-Making

2 Weeks

Introduction to data and business problem-solving

Population and sample concepts, tools for descriptive data analysis

Confidence intervals

Hypothesis testing for managerial decisions

Variance analysis in the economic environment

Introduction to Finance and Accounting

2 Weeks

The science of accounting and its importance

Internal and external accounting information for decision-making

Financial system

Time value of money

Financial Statements – Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Changes in Equity

2 Weeks

Importance of financial statements

Balance sheet

Income statement

Cash flow statement

Statement of changes in equity

Financial Statement Analysis

2 Weeks

Horizontal, common-size, and trend analysis

Ratio analysis

Break-even analysis

Risk and Return

2 Weeks

Components of return

Sources of risk

Estimating return and risk

Money and Capital Markets – Bond and Stock Valuation

2 Weeks

Money market instruments

Capital market instruments

Bond valuation

Relationship between interest rates and bond prices

Stock valuation

Modern Portfolio Theory

2 Weeks

Expected return and risk of a portfolio

Efficient portfolios

Single-index model

Systematic and unsystematic risk

Asset pricing model

Cost of Capital

2 Weeks

Fundamental concepts of a company’s cost of capital

Cost of debt securities

Cost of equity

Weighted average cost of capital (WACC)

Investment Program Evaluation

2 Weeks

Investment evaluation methods

Payback period method

Net present value (NPV) method

Internal rate of return (IRR) method

Discount Categories

  • Category A – 10% Discount

    Unemployed individuals

    Persons with disabilities

    Employees of universities and research centers

    Groups of three or more participants from the same organization

  • Category B – 5% Discount

    Early registration up to one month before the application deadline

    Full tuition payment before the program start date

Please note that the above discount categories cannot be combined. If a participant qualifies for both categories, only the higher discount will be applied.

Certificate

Successful completion of the program leads to the award of a certificate, which includes the program title and the exact number of training hours. Depending on the program, the awarded certificate may be:

Certificate of Training

Certificate of Training

Certificate of Specialized Training

Certificate of Specialized Training

Europass / ECVET Certificate Supplement

  • The Europass / ECVET Certificate Supplement is a document that accompanies the training or specialized training certificate awarded upon program completion.

  • It provides a detailed description of the training program, including the course modules, duration, admission requirements, assessment process, learning outcomes, and the skills and competencies acquired.

  • It enhances the value of the awarded training or specialized training certificate and can be used by graduates for employment opportunities, career advancement, or further studies.

Methodology

  • Training Method

    Distance learning (e-learning) through an interactive platform.

  • Platform Features

    User-friendly, includes e-books, interactive content, multimedia, self-assessment, and livestreaming.

  • Structure

    Learning modules with study guidelines.

  • Content

    Objectives, outcomes, keywords, introduction, main text, examples, case studies, exercises, audiovisual material, slides, summary.

  • Support

    Continuous communication and livestream meetings with instructors.

  • Assessment

    Self-assessment, exercises, and final evaluation with multiple-choice questions and the option for retaking.

Contact

Why are the Executive Programs of NKUA the ideal choice?

Because you will gain modern and applied knowledge through distance learning, which will significantly enhance your career with cutting-edge tools.

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