Finance for the Non-Financial Executive

SCHEDULE

September 17 to September 19 Abu Dhabi, United Arab Emirates Register
December 5 to December 7 Abu Dhabi, United Arab Emirates Register

COURSE AIMS

Money is the language of business. The ability to understand and analyse financial data is essential for successful management. As managers move into increasingly higher positions, discussions regarding financial performance become more regular. An understanding of both financial statements and project evaluation tools is a necessity in order to make rational decisions and contribute to discussions intelligently.

Participants return to their jobs equipped to apply the fundamentals of finance to influence business decisions, improve profits, sell new business plans, manage budgets and communicate more confidently with finance-based colleagues.

WHO WILL BENEFIT FROM THE COURSE?

This programme is designed to help executives come to grips with the fundamentals of finance and accounting.

WHAT WILL YOU GAIN FROM THIS COURSE?

  • Understand the nature and structure of financial statements
  • Explore the major elements of financial statements
  • Identify the basic principles and concepts underlying the preparation of financial statements
  • Discover how to make better business decisions by using accounting ratios
  • Understand how budgets can be used to monitor and control a business
  • Review how to make better business decisions by using accounting ratios
  • Understand cash flow projection
  • Learn the techniques for appraising investment projects
  • Understand the principles of responsibility accounting and techniques for performance evaluation
  • Review costing and break-even
  • Understand basic decision-making concepts and techniques

SAMPLE COURSE CONTENT

Below is an example of the course content. The content can be ‘tailored’ to meet the exact requirements of the client.

Introduction
  • Understanding Financial Statements
  • Financial Control Accounting
  • Measuring Results
  • Revenue Income; Profits and Expenditure (Costs) Ratios
  • Understand the Nature and Components of Working Capital
Accounting Concepts and Ratios
  • Preparing Financial Accounts
  • Common Terminology Used by Accountants
    • Assets
    • Liabilities
    • Valuations
  • Analysing Financial Statements
  • Horizontal and Vertical Analysis
Balance Sheets; Profit and Loss Accounts
  • The Benefits of Using Budgets in a Business Environment
  • Budget and Cash Flow Forecasts Preparation Process
  • Revaluation Through Appreciation
  • The Concept of Reserves
  • What is a Money Supply?
  • Analysing Annual Accounts
Capital Investment Appraisal
  • Techniques of Appraising Investment Projects
  • The Pros and Cons of Each Method
  • The Different Applications of These Techniques Within a Business
  • The Uncertainty Associated With These Techniques
Break-even and Costing
  • How this Assists Managers in Making Business Decisions.
  • The Relationship Between Profit and Volume
  • The Calculation of Break-Even Points
Budgeting
  • What is the Budgeting Process?
  • How does it Work?
  • Types of Budgeting
  • Analysis of the Different Types of Budgeting
  • Advantages and Disadvantages of the Different Types
  • Ensuring Full Management Control
Investments
  • Important Concepts in Decision Making
  • Decision Making Using Marginal Costing
  • Understanding the Various Pricing Policies
  • Defining the Appraisal Criteria
Cost Calculations
  • The Basic Concepts
  • The Difference Between Fixed and Variable Costs
  • Direct and Indirect Costs
  • The Concept of Direct Costing
  • Understanding the ‘Break-Even’ Analysis
Company Financing
  • What is Equity?
  • Assets vs Liabilities
  • The Concept of:
    • Acquisitions
    • Mergers
    • Protection
    • Valuation
    • Financial Crisis Management

METHODOLOGY OF TRAINING

The foundation of our training is anchored in activity-based experiential learning. This methodology takes into consideration different learning and communication styles, and more importantly language and cultural differences. It is through active participation that the adoption and application of theory is expedited.

Our training team pays careful attention to planning and designing effective instructional methods essential for the transfer of knowledge. It is the creative skill of our management trainers and consultants that reveal untapped skills of the delegates through:

  • Group discussion
  • Individual and syndicate activities
  • Individual and group tasks
  • Case studies
  • Role plays
  • Audio and video evaluation
  • Action planning
  • Experiential learning games
  • Presentations

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Abu Dhabi

P.O. Box 44705, Abu Dhabi,
United Arab Emirates
Phone: +971 2 6740340
Fax: +971 2 6743554

Dubai

P.O. Box 334058, Dubai,
United Arab Emirates
Phone: +971 4 2566414
Fax: +971 4 2566424