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Short-term Programs

Finance for Non-Financial Executives

Master the fundamentals of finance and transform financial data into strategic decisions

The Finance for Non-Financial Managers Program was designed for professionals working in non-financial areas who seek a comprehensive 360-degree understanding of finance. With a clear and accessible approach, the program translates financial concepts into practical and straightforward language, focusing on the core aspects relevant to the role of a non-financial manager. This approach is supported by:

  • Faculty of excellence composed of finance specialists
  • Practical learning through case studies adapted to professional reality
  • Exercises focused on the practical application of acquired concepts
Date

May 7, 8, 20, 21, 22 and 23, 2026

Duration

6 days

Investment

3.100€

Format

Face-to-face
From 9 a.m. to 5 p.m.

Last Day from 9 a.m. to 12:30 p.m.

Language

Portuguese

Location

Carcavelos, Lisbon

Reasons for choosing this program

FOR YOU

  • Understand the key elements of the company’s accounting and financial information
  • Contribute more confidently to budgeting processes, investment analysis and operational decisions
  • Manage costs efficiently and optimize budget control processes to support decision-making

FOR YOUR ORGANIZATION

  •  Increase teams’ financial literacy, promoting decisions aligned with strategic objectives
  • Support performance analysis at company or business unit level in terms of profitability, risk and efficiency
  • Enable non-financial managers to collaborate effectively and knowledgeably with finance departments
Business Room

Business Room

Explore our Finance and Economics content developed exclusively for you.

Participant Profile

  • Leaders seeking to better interpret their company’s financial information
  • Managers, engineers and business unit directors involved in budgeting processes
  • Leaders from technical areas such as operations, HR, marketing or technology who work closely with finance teams and need to align initiatives with financial objectivest
The Finance for Non-Financials course helped me to remember various concepts that are essential to my day-to-day life, making it easier to understand various analytical measures and improving my management skills.

Filipa Rousseau Garcia
CEO @ MiMed

As a senior management and non-financial professional, I feel better prepared to control investments with limited resources by using the financial return assessment tools provided in the training, making project analysis and strategic decisions more consistent, secure and conscious.

Myriam Tavares
HR and Organizational Development Consultant

Finance for Non-Financials is an excellent investment for anyone who, like me, likes letters much more than numbers... It's a captivating way to explore this world and return to the company with a fresh perspective. The only downside to Nova SBE's executive programs is that once you've done the first one, you'll want to come back for many more.

Sofia Marques
Marketing and Sales Director @ Garcias

The Program

Day 1
Introduction to Accounting Information

  • Core accounting concepts
  • Balance sheet
  • Income statement
  • Cash flow statement

Day 2
Financial Analysis

  • Profitability analysis
  • Risk analysis
  • Financial leverage and its impact on profitability and risk
  • Analysis of the company’s operating cycle 
    and cash cycle

Principles of Financial Calculation

  • Concept of value
  • Determinants of firm value
  • Time value of money
  • Fundamentals of financial calculation
  • Valuation of financial assets
  • Loan amortization schedules: profitability and value

Day 3
Cost Analysis and its Role in Decision-Making

  • Types of costs
  • Costing methods
  • Standard costing, variable costing and marginal costing
  • Use of costing systems for decision-making/Budgeting and budgetary control

Financial Risk and the Cost of Capital

  • The role of financial markets in corporate financing
  • Firm value and its relationship with financial markets
  • Financial information and its impact on firm value
  • Business risk, diversification and their impact on firm value
  • Measuring the cost of equity capital

Day 4
Investment Appraisal

  • Investment appraisal methodology based on value creation
  • Determination of relevant cash flows
  • Risk analysis and sensitivity analysis in investment projects

The Corporate Budget

  • Budgeting and strategic planning
  • Budget preparation process
  • Behavioral factors and challenges in the budgeting process
  • Monitoring and control
     

Day 5
The Impact of Financing on the Value of the Company and its Projects

  • The choice between equity and debt
  • The tax benefits of debt financing
  • Different impacts of leverage on firm value
  • Risks of debt financing and cost of debt
  • Analysis of different types of debt
  • Funding sources and capital structure
  • Loan agreements, covenants and their impact 
    on firm value
  • Project weighted average cost of capital (WACC)

Firm Value and Valuation

  • Value, valuation and price
  • Company and business valuation methodologies
  • Valuation of mergers, acquisitions and investment operations

Day 6
Value-Based Management

  • the firm’s economic balance and the concept of invested capital
  • Return on invested capital (ROIC) and its relationship to value creation
  • Economic value added (EVA)
  • Relationship between firm value, ROIC, EVA, cost of capital and company growth
  • The relationship between value, corporate strategy and goal setting (KPIs)
  • Balanced Scorecards
  • Interactive lectures and analysis of real cases
  • Flipped Classroom
  • Practical execises for applying concepts
  • Peer learning
     
  • Value-Based Management
  • Financial Analysis
  • Investment appraisal
  • Analytical thinking
  • Accouting analysis
  • Budgeting

+90%

Of previous students indicate that the program attended had an impact or relevance on their careers*

9.2/10

Average overall teaching quality rating**

8.6/10

Average relevance of competencies acquired for current and future roles**

 

* Results from the 2025 survey of Nova SBE Executive Education Open Program previous participants.
** Average evaluation from the 2024 editions.

Faculty

 

Meet all the faculty members of the program.

Learn more

Application Process

  1. Completion of the form 
  2. Communication of acceptance within 72 hours 
  3. Finalization of the application with the Program Advisor 

LEARN MORE ABOUT THE ENROLLMENT POLICY.

Program Advisor

Would you like to enroll your team or employees in this program?

Contact me:

Moisés Valentim
(+351) 910 061 561

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