Finance for Non-Financials

Place- الموعد Date - المكان
2019-03-17 00:00:00 Cairo
2019-06-23 00:00:00 Dubai
2019-08-25 00:00:00 Turkey

 Who Can Benefit

§ Non-financial managers and anyone from non-financial disciplines who needs to know more about business finance terminology

Course Objectives:

§ Understand the financial and accounting terms used in business.

§ Develop skills in financial literacy.

§ Understand the main financial statements and how to be used to monitor and control business performance.

§ Understand the financial language, asking relevant financial questions, and making business decisions using financial criteria.

§ Highlight the need for good budget construction and the basic techniques for budgetary control.

§ Develop operating budgets

§ Understand how cash budgeting can affect motivation and control

   Course Outline

§ Finance and Accounting

§ The World of Finance and Accounting.

§ Why Do We Have Accounting Systems?

§ The Goal of Good Management is to Create Value

§ The Three Management Functions

§  Financial vs. Managerial Accounting

§  New Management Trends to Create Value

§ What is Profit?

§ Definition and Importance of Profit.

§ How much profit can we make?

§  Management by the Numbers

§ Volume Based Cost Behavior Patterns

§ Contribution Margin Based income Statements

§ Cost-Volume-Profit (CVP) Analysis

§ Using CVP to Manage

§  How does the CVP Chart Change to Reflect Cost Management

§  What Questions Can we Answer?

§  The importance of Cash Flow

§ How money works in business.

§ Why profit and cash are not the same.

§ How much cash can we take?

§ The Cash Management Process

§ Planning Motivates Control Through Evaluation

§ Budgeting in an Uncertain Business World — Solvency Management

§  Factors Influencing the Need for Budgeting & Planning

§ What Makes the Budgeting Process Successful?

§  Breaking Down the Financial Statement Barrier

§  Assets and Liabilities.

§ Working Capital Management.

§ Key ratios to improve asset utilization and profitability.


§  Expenditure Planning and Financial Decision Making

§  Cost benefit analysis.

§  Capital expenditure decisions.

§ What is Capital Expenditure?

§ Nature of Capital Investment Decisions

§ What is Capital Budget?

§  Stages of Capital Budgeting Process

§ Relevant Cash Flows

§  Methods of Evaluating Capital Investments

§   Sensitivity analysis.

§ Budgeting for Profit

§ Definition of a budget.

§  Purpose of a budget.

§ How to construct a budget.

§  How to use a budget for financial control.

§ Motivation and Control through Budgeting

§ The Motivational Cycle

§ The Control Environment

§ How Much Accounting Control Do We Need?

§ Types of Controls

§  Centralized vs. Decentralized Controls

§ Responsibility Centers used in Accounting Control Systems

§ Limitations for 'Management by the Numbers' or Accounting Control

§ Evaluation of Managers and Divisions

§   Cost of Capital Employed

§   Accounting Performance Measures

§  Do Our Accounting Systems Encourage Good Judgment?