Finance for Non-Finance Senior Managers          Download Brochure

By the end of this course you will be able to:

.Provide participants with an understanding of financial concepts and terminology.

.Help participants develop financial skills and tools to make better decisions.

.Empower participants to take a more active role in financial planning and decision-making.

Course Outline:

.1- Introduction to financial statements and their components:-

.1.1- What is the Accounting System?

.1.2- Users of Accounting information

.1.3- Relationship between business activities and financial statements

.1.4- The Accounting Equation

.1.5- Multiple steps Income statement

.1.6- Classified Balance Sheet

.1.7- Cash-Flow statement

.1.8- Statement of stockholders’ equity (Retained Earnings statement)

.2- Understanding financial ratios and their significance:-

.2.1- Trend Analysis

.2.2- Vertical Analysis, and common size statements

.2.3- Liquidity analysis

.2.4- Working capital analysis

.2.5- Profitability analysis

.2.6- Operational analysis

.2.7- Leverage analysis

.2.8- Break event point analysis

.3- Budgeting and forecasting:-

.3.1- Budgeting Basics

.3.2- Preparing the Operating Budgets

.3.3- Preparing the Financial Budgets

.3.4- The concept of Budgetary Control:

.3.4.1- Static Budget

.3.4.2- Flexible Budget

.3.4.3- Types of Responsibility Centers

.4- Cost accounting principles:-

.4.1- Cost Behavior Analysis (Fixed vs Variable cost)

.4.2- Cost Volume Profit Analysis

.4.3- Job Order Costing

.4.4- Process Costing

.4.5- Activity Based Costing

.5- Capital budgeting and investment decision-making:-

.5.1- Risk / Return relationship

.5.2- Money time value

.5.3- Components of Required Rate of Return (RRR)

.5.4- Investment Evaluation process:

.5.4.1- Payback period

.5.4.2- Annual rate of return

.5.4.3- Discounted Cash Flow:

.5.4.3.1- Net Present Value (NPV)

.5.4.3.2- Internal Rate of Return (IRR)

.6- Financial management and control:-

.6.1- The concept of budgetary control

.6.2- The concept of responsibility in Accounting

.6.3- Responsibility Accounting for Cost Center

.6.4- Responsibility Accounting for Profit Center

.6.5- Responsibility Accounting for Investment Center

Target Audience:

.Senior Leaders and managers

Prerequisites:

This course entitles you to attend:

Upon successful completion of this course, participants will obtain:

.Training attendance certificate