03 Days Workshop

Course Overview

The “Finance for Non-Finance” course aims to provide non-finance rofessionals with a comprehensive understanding of finance and accounting principles. Participants will understand the strategic significance of financial literacy in their daily job performance and how it contributes to the overall organizational performance. The course will develop participants’ skills in planning and investment decisions, including project valuation techniques, budget development, rolling forecasts, and plans monitoring and assessment.

Participants will learn to make informed investment decisions, manage financial resources effectively, and support the synergy across various contributors in the organization. Overall, the course equips non-finance professionals with the necessary knowledge, skills, and understanding to contribute to their organization’s financial management and decision-making processes.

Participants will benefit from updated knowledge and applied practical skills in financial accounting and budgeting in the context of public sector organizations. These skills will allow delegates to make a greater contribution to the budgeting and financial decision-making processes in their organization, at the same time enhancing their own career.

Course Objectives

• An overview & Introduction to Fields of Accounting; Financial, Managerial, & Cost Accounting.
• Comprehend basic accounting concepts, such as accrual and cash basis, capital expenditure, operating expenditures, fixed and variable costs, and activity-based costing.
• Understand the key financial statements, including the income statement, statement of cash flows, and balance sheet.
• Being able to analyze the financial statements to evaluate the organization’s financial performance and position using different types of financial analysis.
• Understand Balanced Scorecard as a managerial tool to evaluate organizational performance in accordance with management vision
• Develop skills in planning and investment decisions to be able to use project valuation techniques such as NPV, profitability index, and payback.

 

Training Language

The Presentation, supplied documents, workshop exercises and case study during program will be in English. however, based on the trainees’ desires, use of bilingual (English and Arabic) for oral explanation is available

Who Should Attend?

This program is aimed at all Non Financials such as Engineers, Project Managers, Technical Professionals, Sales and Marketing Professionals. Importantly, it is not trying to make people into accountants; rather it aims to give business people the tools to understand the numbers in order to help them make better business decisions.

Course Contents

Module (01) An Overview and Introduction

• The Role of Financial Management
• The different Fields of Accounting
• Main Concepts of Financial Information
• Different Users of the Financial Data

Module (02) The Basics of Financial Statements

• Creating and Managing the Income Statement
• Understanding the Nature of Cost
• Different Cost Classification and its Effect on the Net Income
• Variable vs Fixed Cost
• Direct vs indirect Cost
• Traditional Coting vs ABC
• The Accounting Equation
• Understanding and Preparing the Balance Sheet
• Understanding the Cash-flow Statement
• Causes and Effects upon Cash Problems
• Financial Disclosure and Notes

Module (03) Finance Analysis

• Importance and Methods of Financial Analysis
• Horizontal Financial Analysis
• Vertical Financial Analysis
• The Key Ratio Analysis to Measure
• Profitability
• Liquidity and Cash Measures
• Solvency and Capital Structure

Module (05) Key Financial Statement

• 5.1 Income Statement
• 5.2 Statement of Cash Flows
• 5.3 Balance Sheet
• 5.4 Analyzing the Financial Statements
• 5.5 Understand the Organizational Capability
• 5.5 External and Internal Auditor’s Responsibilities

Module (06) Planning and Investment Decisions

• Projects Valuation Techniques
• Expected Monetary Value (EMV)
• Net Present Value (NPV)
• Internal Rate of Return (IRR)
• Payback Period
• Maximum Financial Exposure
• Budget Development
• Plans Monitoring and Assessment
• Variance Analysis and Reasons for Variances

Course Duration

THREE DAYS

For Further Query and assistance feel free to reach us.E: Contracts@najmaconsultancy.com