Finance for Non-Finance - Online Session

September 17, 20210Finance for Non-Finance

  • Overview
  • Course Outline
  • Workshop Instructions
  • Testimonials

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
  • The accounting records: general or nominal ledger & trial balance
  • Debits and credits demystified
  • Income vs. expenditure, assets vs. liabilities, capital vs. revenue expenditure
  • P&L account vs. balance sheet: categorizations and their interrelationships
  • Accounting concepts and the accounting rule book: accruals, prudence, substance over form, true & fair, materiality
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
Cash Flow & Cash Management
  • Understand why and how cash is king
  • Focus on ways a business manages this most important resource
  • Highlight the importance of cash flows in analysis and forecasting
  • Cash vs. profit: why profit does not tell the full story and the importance of cash
  • Examining how cash flow statements
  • Indicate the stability, adaptability and long-term potential of a company
Budgeting Concepts (Quick Overview)
  • Introduction
  • Budget Planning Process
  • The budget and the functions of management
  • Budget as a planning tool
  • Budgets and the key financial statements

Workshop Instructions

  • 17-18 October, 2021 10:00 am - 03:00 pm (UAE)
  • Regular Fee: USD 620 Per Participant (Exclusive of 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 register@simfotix.com
  • For More Information please contact: Qazi Waqas Ahmed Mobile: +971 56 309 0819; Email: waqas@simfotix.com

Testimonials

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