Finance for the Non-Financial Manager

ILM

Please click to view Arabic Course Outline
يرجى النقر لعرض مخطط الدورة العربية

SCHEDULE

July 29 to July 31 Dubai, United Arab Emirates Register
September 8 to September 10 Abu Dhabi, United Arab Emirates Register
October 29 to October 31 Dubai, United Arab Emirates Register
December 15 to December 17 Abu Dhabi, United Arab Emirates Register

Overview

Money is the language of business. The ability to understand and analyse financial data is essential for successful management. 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.

Objectives

  • Understand the nature and structure of financial statements
  • Review the elements of financial statements necessary to improve communication and make better decisions
  • Know how to use economic value added techniques to enhance performance and manage sustainable growth
  • Understand the basic principles and concepts underlying the preparation of financial statements
  • Discover how to make better business decisions by using accounting ratios
  • Learn how to monitor your department’s or business unit’s performance and take accurate corrective actions
  • Understand how budgets can be used to plan, monitor and control a department, division or business unit
  • Understand cash flow projection and manage liquidity
  • Learn the techniques for appraising investment projects
  • Understand the principles of responsibility accounting and techniques for performance evaluation
  • Review, control and manage costing and conduct short term decisions using break-even for services and multiple products
  • Understand basic short term and long term decision-making concepts and techniques
  • Understand different sources of finance balancing between debts and equity

Course content

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

Day One

Understanding financial statements
  • The finance role in the corporate world
  • Nature, principles and scope of accounting
  • Common terminology used by accountants and financial managers
  • The accounting equation
The annual report
  • The benefits of an annual report
  • Contents of an annual report
  • Management discussion and analysis
Balance sheet
  • Manage working capital: current assets and current liabilities
  • Fixed assets management
  • Non-current liabilities
  • Shareholder’s fund
Profit and loss and other comprehensive income
  • Revenue from contracts with customers
  • Expenses by nature and by function
  • The cost of sales vs cost of goods sold
  • Indirect vs operating expenses vs overheads
  • Gains and losses
Statement of cash flow
  • The cash flow activities
  • Direct method versus indirect method
  • Key elements in a cash flow statement

Day Two

Financial statement analysis
  • Purpose and complete set of financial statements
  • Ratio analysis
  • Interpretation of financial statements
  • Segment reporting for multinational corporations
Evaluation of financial performance using budgets
  • Budgeting process
  • Budget cycle
  • Types and styles of budgets
  • Variance analysis
  • Relevant and non-relevant costs
  • Fixed and flexible budgets
  • Cost classification
  • Short term decision making using break-even analysis
Value Based Management
  • Responsibility centres
  • Economic value added
  • Effective control mechanisms
  • Tools to use

Day Three

Source of short term finance
  • Types of short-term finance
  • Cash investments
  • Working capital cycle
  • Receivables and payables
  • Cash flow statement
  • Accounting for inventory
Source of long term finance and company valuation
  • Equity finance
  • Shareholders’ funds
  • Preference shares
  • Reserves
  • Raising share capital
  • New issues
  • Rights issues
  • Weighted average cost of capital
  • Company’s valuation
  • Debt Finance
  • Fixed income : bonds
  • Debt yields
Capital investment appraisal
  • The time value of money and discounted cash flow
  • Technique for assessing projects
  • Basic methods of investment appraisal
    • Net present value (NPV)
    • Payback
    • Discounted payback (DPB)
    • Internal rate of return (IRR)
    • Modified internal rate of return (MIRR)

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
    • Assessments

 

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Abu Dhabi

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

Tax Registration Number:
100003031000003
for VAT purposes, only in the UAE

Dubai

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

Tax Registration Number:
100003031000003
for VAT purposes, only in the UAE