Finance for Non Financial Managers MindShift Training


Proper communication of finance and accounting concepts is often a problem for non-financial managers, mostly due to a lack of confidence when dealing with often confusing terms. Organisations will invest heavily in financial reporting hardware and software without empowering its people with the skills required to operate effectively.

The purpose of this five-day practical training course is for participants, often specialists without much financial background, to understand and be able to apply in their management role, key finance and accounting principles, thereby contributing to their organisation's overall success. The workshop is not designed to train participants as accountants. Without concentrating on confusing academic detail, the workshop will focus on understanding the basic principles, concepts and techniques, so that participants will become clear about the key universal concepts and what they mean - no matter what type of organisation they work for.

The workshop will also offer the more financially experienced participants the opportunity to learn about certain more advanced financial management techniques.

After attending this course, you will learn how to:
•             Confidently make decisions about finance, accounts and budgets
•             Weigh up the advantages and disadvantages of different financing techniques
•             Analyse your investment options to fully maximise your rate of return
•             Maximise future growth potential with effective strategy formulation and "best practice" business planning
Key Learning Outcomes And Behavioural Objectives
•             Demystify accounting terms and concepts, including "Accrual Accounting"
•             Build your financial skills and contribute to a more effective financial management reporting system
•             Interpret and critically analyse financial results more effectively and efficiently
•             Select and use appropriate financial decision-making methods such as break-even
•             Be part of improved management of your organization's working capital
•             Improve asset allocation through better capital investment planning
•             Apply best practice business planning, budgeting and control techniques

In Addition Delegates will learn:
•             Work through a practical exercise in constructing an income statement and a balance sheet to get a clear understanding of how these statements are composed
•             Overview of the information contained in an annual report
•             Defining the accounting process to interpret how the elements of financial statements are constructed
•             Outline how the income statement and the balance sheet interconnect and their respective roles in an annual report
•             Learn how to interpret a cash flow statement to determine the reasons for a company's positive or negative cash flow
•             Understanding the financial analysis of annual financial statements to assess the financial condition of an organisation

Content

Module One - Major Principles Of The Accounting Process

Module Two - Easy Ways To Understand Financial Statements

Measuring Financial Performance

Module Three  - Working Capital and its importance

Module Four  - Costs, Costing And Cost Allocation

Budgeting

Module   Five  - Planning For Profit
 

This course is no longer available.

Finance for Non Financial Managers MindShift Training
Price: USD 490
USD 817
Instructor led live virtual classroom online. Classes may be individual or in group.
  • Duration: 3 Days

Course details


Proper communication of finance and accounting concepts is often a problem for non-financial managers, mostly due to a lack of confidence when dealing with often confusing terms. Organisations will invest heavily in financial reporting hardware and software without empowering its people with the skills required to operate effectively.

The purpose of this five-day practical training course is for participants, often specialists without much financial background, to understand and be able to apply in their management role, key finance and accounting principles, thereby contributing to their organisation's overall success. The workshop is not designed to train participants as accountants. Without concentrating on confusing academic detail, the workshop will focus on understanding the basic principles, concepts and techniques, so that participants will become clear about the key universal concepts and what they mean - no matter what type of organisation they work for.

The workshop will also offer the more financially experienced participants the opportunity to learn about certain more advanced financial management techniques.

After attending this course, you will learn how to:
•             Confidently make decisions about finance, accounts and budgets
•             Weigh up the advantages and disadvantages of different financing techniques
•             Analyse your investment options to fully maximise your rate of return
•             Maximise future growth potential with effective strategy formulation and "best practice" business planning
Key Learning Outcomes And Behavioural Objectives
•             Demystify accounting terms and concepts, including "Accrual Accounting"
•             Build your financial skills and contribute to a more effective financial management reporting system
•             Interpret and critically analyse financial results more effectively and efficiently
•             Select and use appropriate financial decision-making methods such as break-even
•             Be part of improved management of your organization's working capital
•             Improve asset allocation through better capital investment planning
•             Apply best practice business planning, budgeting and control techniques

In Addition Delegates will learn:
•             Work through a practical exercise in constructing an income statement and a balance sheet to get a clear understanding of how these statements are composed
•             Overview of the information contained in an annual report
•             Defining the accounting process to interpret how the elements of financial statements are constructed
•             Outline how the income statement and the balance sheet interconnect and their respective roles in an annual report
•             Learn how to interpret a cash flow statement to determine the reasons for a company's positive or negative cash flow
•             Understanding the financial analysis of annual financial statements to assess the financial condition of an organisation

Content

Module One - Major Principles Of The Accounting Process

Module Two - Easy Ways To Understand Financial Statements

Measuring Financial Performance

Module Three  - Working Capital and its importance

Module Four  - Costs, Costing And Cost Allocation

Budgeting

Module   Five  - Planning For Profit
  Updated on 05 April, 2023

About MindShift Training

MindShift Training & Consulting is an innovative Business Consultancy and Corporate Training firm set up in Dubai, UAE. Mish Training & Consulting is globally present and provides world-class services through its representative offices in UAE, Lebanon, KSA, Qatar, Oman, Jordan, Iraq, UK, Italy & Canada.

Our talented team of learning experts and consultants create business advantage for our clients by delivering professional training courses and tailored programs in the field of Engineering such as Civil, Electrical, Mechanical, Industrial, Petroleum as well as Architectural, Environment, Finance, and Business Management courses and Soft Skills. Our expert learning and development team create and run training courses designed to educate and motivate delegates.

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MindShift Training offers over 300 Technical & Non-Technical  programs related to  Project Management, Construction Engineering, Contracts &  Claims, Oil & Gas, Electrical, Finance, Leadership & HR, Health & Safety, IT, Customer Service, Personnel Development and many more. See all MindShift Training courses
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