Financial Management for Non Financial Professionals هذه الدورة تدرس باللغة الإنجليزية

تفاصيل الدورة

Course Overview

Business professionals need to understand the financial factors critical to business success. This interactive seminar will show how finance works in today’s fast-moving business environment. For any business the key elements of profitability, liquidity and financial structure are critical to continuing success and competitiveness. So these three elements are comprehensively explored and developed at all levels of business activity. You will learn about the accounting processes of recording and reporting business transactions and how these are summarised as periodic financial reports, in accordance with statutory requirements. You will also learn financial reports are analysed and by a variety of user groups.

The seminar also has an inward focus, and will explain why management accounting is essential to business survival, and success. It will show how budgeting can control costs and improve profitability. It will also explain and develop tools and techniques for evaluating proposed new investment projects. The seminar will enable you to understand the business from both a financial and strategic perspective, and how business decisions will impact on corporate profitability.

Highlights of the seminar:

• The strategic and operational role of the Finance Function
• The principles of accounting and financial reporting
• How to understand and analyse financial reports
• How management accounting helps to maintain control and improve efficiency
• How we can ensure that investment returns meet the stockholders expectations

Objectives

Having completed this seminar you should be able to:

• Explain the nature and role of financial statements and their interpretation
• Use the language of accounting and finance to communicate effectively with financial professionals
• Review the financial performance and financial position of an organisation using the appropriate financial ratio and break-even analysis techniques
• Use budgetary control to compare actual against planned performance and to identify corrective actions
• Evaluate investment projects using DCF and other appraisal methods
• Appreciate the important role of strategic accounting in business performance improvement

Training Methodology

This interactive seminar will comprise a range of learning activities, including tutor presentations, with question and answer opportunities, demonstration and practice of analytical techniques, group exercises and discussions, using case studies and current company and market information sources. Whilst the theoretical background to financial management will be explained and justified, the main emphasis will be on putting these into a real world context by providing a practical ‘toolkit’ of financial techniques.

Organizational Impact

What will your organisation gain from sending employees to attend this seminar?

• Greater awareness of the role of accounting and finance
• Ability to understand the structure of accounting systems, and financial reports
• Ability to make more effective and better informed contributions to financial discussions
• Ability to use tools and techniques for financial control and financial management
• Greater understanding of the key drivers which ensure sustainable growth and competitiveness
• Awareness of how business risks can be identified, analysed, and managed

Personal Impact
Participants will be able to further develop their personal management skills by being:

• More knowledgeable about accounting and finance systems, and the meaning of financial reports
• Better informed financially, to enable improved management decision-making.
• Better able to contribute to financial discussion, and communicate in financial language
• Better able to contribute to the effective financial management of their organisation.
• Able to evaluate alternative courses of action and identify the most effective choices with regard to the future improvement of their organisation.
• Able to liaise more effectively with other departments on financial matters.

Who Should Attend?

• Sales and marketing executives
• Supply-stream professionals
• Project professionals
• Internal auditors
• Any non-financial professionals who are required to read, interpret, and contribute to business financial reports
• Senior Professionals of manufacturing, marketing, engineering
• Human resources professionals,
• Attorneys
• Executive professionals who are involved with development of long-term customers, suppliers, outsourcing partners, and other global strategic alliances.
• Consultants who work with professionals and executives, to support improvements to operational and financial processes.