:: DEFINE | Management Consultancy & Training Provider In UAE, Abu Dhabi,Dubai,Saudi Arabia ::

FINANCE FOR NON-FINANCE EXECUTIVES

Location

Dubai, UAE

Date

From Date: 24-Feb-2025
To Date: 28-Feb-2025

Duration

5 days

Language

ENGLISH

Discipline

Accounting, Finance

Introduction

Knowing how to finance assets, forecast future cash flows, maintain a budget, determine which operations are profit generators and which are not, and judge the real economic merits of different investment opportunities will help you stay in business and turn a profit.

Being able to calculate and assess the overall financial health of your business is an important part of an owners or managers position. This course provides the fundamentals of financial literacy and gives you the smart advice you need to increase your impact on financial planning, budgeting and forecasting.

The course will explain what you need to know to be an intelligent consumer of financial information, to plan, and to use financial concepts in making better business decisions.

Objective

Having completed the programme, participants should be able to:

Explain the functions of financial management
Use financial language to communicate more effectively with financial professionals
Understand the key financial statements and their purpose; balance sheet, income and cash flow
Interpret an organisation, or profit centre using ratios and breakeven analysis
Use of budgeting, forecasting and planning to evaluate and control the business
How to use financial information to help them manage their business
Demystify financial information and have confidence and control to make financial decisions.

Audience

Nonfinancial managers and anyone who wants to develop their knowledge of financial practices to improve their managerial skills.

Content

DAY 1

An overview of financial accounting- rules and practices
Income statement
Balance sheet
Statement of owners equity
Statement of cash flows
Objectives of financial management
Axioms in financial management
Issues in financial reporting- IFRS v/s GAAP

DAY 2

Solvency ratios
Profitability ratios
Activity Ratios
Leverage ratios
Market ratios
Managerial uses of ratios
Case analysis

DAY 3

Uses of cash flow statement
Preparation of cash flow statement under indirect method
Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities
Case analysis

DAY 4

Rationale of capital budgeting
Payback method
Discounted payback method
ARR method
NPV method
IRR method
Case analysis

DAY 5

Forecasting techniques
Types of budgets and their usefulness
Master budget
Issues in the preparation of budgets
Review of the program

NOTE:

Pre-& Post Tests will be conducted.

Case Studies, Group Exercises, Group Discussions, Last Day reviews, and assessments will be carried out.

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Certificate

Define Management Consultancy & Training Certificate of course completion will be issued to all attendees.

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. You will also be encouraged to raise your questions and to share in the development of the right answers using your analysis and experiences. Tests of the multiple-choice type will be made available daily to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

30% Lectures
30% Workshops and work presentation
20% Group Work& Practical Exercises
20% Videos& General Discussions

Course Details