The Non-Financial Manager: Budgets and Managing Money European Arab Institute for Management & Technology

For managers in today's business world, it’s essential to have a working knowledge of finance. We all play a role in our organization's finances, whether we realize it or not. For those who don't have training or a background in finances, you may be at a disadvantage as you sit around the management table. Understanding the cycle of finance will help you figure out where you fit into your company's financial structure. This workshop will familiarize you with the key concepts of finance and accounting and help you prepare budgets with more confidence.

Learning Objectives:

  • At the conclusion of this workshop, you should be able to assess the financial performance and health of your firm
  • Enhance your decision-making skills by integrating tinancial management concepts into your thinking
  • Understand the budgeting process and torecasting techniques
  • Manage your own budget, inventory and petty cash

Pre-Assignment

Complete a case study provided by Velsott

Workshop Outline:

Day One

  • Introductions, learning objectives and agenda
  • Pre-assignment—A case study
  • Understanding Accounting and Finance
  • Getting to know the language of accounting
  • Getting to know the players
  • The cycle of finance
  • Assets, liabilities and net worth
  • Accounts payable and receivable
  • Collections
  • Review

Day Two:

  • Reconnect
  • Budget Basics
  • Decision Making
  • Understanding Financial Statements
  • Basics ot double entry bookkeeping
  • Debit and credit accounts
  • Understanding balance sheets, statement ot earnings and retained
  • earnings
  • Managing Protit Performance
  • Comparing Investment Opportunities
  • The Human Aspect
  • ISO 9000
  • Review

Cambridge International College is an accredited British College providing superb modern Careers Training to tens ot thousands ot people worldwide. CIC Members study through CIC's popular and protessional distance-training methods, or can study where available with the support ot CIC appointed local organizations ottering campus or tutorial assistance like We_TheyJordan.

For 70 years CIC has been a world leader in protessional. accredited study and training. CIC’s Principal. Vice Principal. Directors and statt have a vast wealth ot experience ot providing the very best education internationally.

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