Empowering You To Achieve Success

Search
Facebook Instagram Linkedin Twitter

Finance For Non Finance Professionals

Course Overview

Knowledge of basic financial principles is critical to succeeding at any employment level and position. ‘Finance for non-Finance Professionals’ transforms financial and accounting concepts into decision-making tools you can use successfully every day. You will learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities.

You will also understand the terminology used by accounting and finance staff and feel more confident when involved with them or using them. This course will improve your performance and prepare you for senior management positions where financial awareness is crucial.

Who Should Attend

  • Executive Secretaries
  • Senior Assistants
  • Personal Secretaries
  • Executive Assistants
  • Personal Assistants
  • Administration Managers
  • Management Secretaries
  • Everyone who wants to become Personal Assistant or polish and improve their existing skill set

Course Objectives

At the end of this course, participants will be able to:

  • Integrate financial concepts and policies into the management decision and budgeting process.
  • Evaluate the meaning of profit and loss accounts and balance sheets.
  • Define the four key financial statements: balance sheet, income statement, cash flow, and changes in owner equity, as well as critical financial terms such as profit, margins, and leverage
  • Use ratio analysis and interpretation of key performance indicators.
  • Interpret the financial health and condition of a company, division, or responsibility center and use financial information for management and evaluation
  • Prepare an operating budget and relate it to the organization’s strategic objectives
  • Apply capital budgeting techniques to evaluate long-term decisions in projects and capital expenditures
  • Use cost behavior concepts to calculate breakeven point and enhance short-term decision making
  • Be a personal assistant who is professionally prepared for any challenge

Course Content

Understanding the profit and loss account

  • Profit, operating and capital expense items.
  • Measuring profit and business success Analysing the balance sheet.
  • Evaluating the worth of an established business.
  • Fixed and current assets and liabilities.
  • Linking the profit and loss account to the balance
  • Shareholder equity.

Cash Flow

  • Cash flow, profit, and net worth.
  • Connecting cash management to line management.
  • Maximizing benefits and minimizing costs.
  • Generating unique information from cash flow statements.

The Key Financial Statements

  • Understanding the accounting cycle
  • The five main accounts in financial statements
  • Income statement: A tool for performance measurement
    • Accrual basis versus cash basis
  • Balance sheet: A tool for financial position
    • The balanced status
  • Statement of owners’ equity
  • Statement of cash flows: Why cash is king
  • Wrapping-up: The cycle of financial statements
  • External and internal auditors’ responsibilities

Analysis of Financial Statements

  • Why ratios are useful
  • Horizontal and trend analysis
  • Vertical analysis: Common size statements
  • Building blocks analysis and reading through the numbers:
    • Liquidity ratios: Ability to settle short-term dues
    • Solvency ratios: Ability to settle long-term dues
    • Activity ratios: Ability to manage assets efficiently
    • Profitability ratios
    • Limitations of financial ratio analysis
  • Working capital management
    • Definition of working capital and working capital management
    • Various working capital management strategies

Operating Budget Process and Techniques

  • The meaning of an operating budget
  • Steps to budget development
  • Master budget components
    • Sales forecasting
  • Approaches to budgeting
    • Incremental budgeting
    • Zero-based budgeting
  • Budgetary control and correction

Capital Budgeting: The Investing Decisions

  • Examples of exercises involving capital budgeting exercise
  • Time value of money: A prerequisite for investing decisions
  • Required rate of return for investments (RRRI)
  • Examples of cash outflows for capital projects
  • Examples of cash inflows for projects
  • Net Present Value (NPV) calculation
  • Internal Rate of Return (IRR)

Cost Behavior Concepts and Breakeven Analysis

  • Defining fixed costs
  • Defining variable costs
  • Contribution margin
  • Computing breakeven point
  • Sensitivity analysis: changing assumptions

Table of Contents

Course Code DU0301 Category
Location: Dubai, UAE
Duration: 5 Days
Language: English
Cost: 15,770 SAR
Inquire
Search