Overview

If you are not confident working with financial concepts and language, you are not alone! More and more, managers are expected to make financially based decisions without the assurance of a formal financial background.

Finance for the Non-Finance Professional is an in-depth and practical two-day course that demystifies financial concepts and provides tools for enhancing your effectiveness as a manager.

By the conclusion of the course, you will have more clarity, be able to connect the facts with figures, and communicate easily in financial terms. You will be able to comprehend the content of financial statements, analyze and interpret financial information, understand the importance of cash flow, and match your budgets to realistic targets.

What You Will Learn:

• How to interpret accounts, profit and loss statements and balance sheets Use of financial ratios
• Understanding accounts, accounting standards and rules Control of working capital, stock, creditors, debtors and cash Management accounting
• Decipher the information in documents, and use it to manage day-to-day business activity
• Comprehend the project financing, budgeting concepts as well as cash flow & Cash Management.

Benefits:

• Develop the financial competency to review financial dashboards and contribute in leadership meetings
• Improve your ability to understand and communicate financial priorities, measures and issues to benefit the business
• Build your confidence in speaking the financial language of your business

Course Outline

The Accounting Process – from Transactions to Financial Information

• Understanding of the sources of financial information
• Accounting systems, terminology, and concepts
• Examine why the timing of a transaction is so important to the finance function
• Income vs. expenditure, assets vs. liabilities, capital vs. revenue expenditure
• GAAP VS. IFRS accounting principles

Financial Statements Fundamentals

• Balance Sheet – understanding the equation
• Income Statement
• Cash Flow Statement
• Statement of Equity
• Notes disclosures
• Accrual basis versus cash basis
• Cash and Credit Cycle
• Different methods of invoicing

Computation and interpretation of ratio analysis

• Horizontal Analysis
• Vertical Analysis
• Ratio Analysis
• Financial ratios
• Leverage analysis (Operational vs. Financial)

Cost of capital and time value of money

• WACC
• Cost of debt
• Cost of equity
• Return on Assets (ROA)
• Return on Equity (ROE)

Capital Investment Analysis

• Payback period
• Discounted Cash Flow
• Net Present Value
• Internal Rate of Return
• Profitability Index

Break-even analysis

• Cost classification
• Profit behavior to cost and volume
• Breakeven point

Decision making

• Make or buy decision
• Lease or buy decision
• Discount or extension of the credit period
• Cash purchase or credit purchase

Budgetary Control Techniques

• Budget – As a planning tool
• Budget – As a controlling tool
• Computing variances
• Useful tips on presenting budget variances

Workshop Instructions

• 13-14 February , 2023 10:00 am - 04:00 pm (GST)
• Regular Fee: USD 590 Per Participant (Plus VAT)
• Team Offer: Pay for 2 and register 3rd for free
• Includes: Courseware, and SIMFOTIX Certificate
• For registration (s) send us your Name, Designation, Organization, and Mobile Number to [email protected]
• For More Information please contact: Qazi Waqas Ahmed Mobile: +971 56 309 0819; Email: [email protected]

Testimonials