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Finance for non-Financials

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Certificate WFI
Rating 5.000000

Finance for non-Finance transforms financial and accounting concepts into decision making tools that can be used successfully every day. Participants will learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities, also they will understand the terminology used by accounting and finance staff and will feel more confident when being involved with them or using them.

Target Audience:

Managers, supervisors, product developer, relationship managers, marketers and staff from any function including finance who need to improve their understanding and usage of financial information. Also, this course helps entrepreneurs who are planning to start their own business.

Objectives:

  • Understanding financial statements
  • Applying Financial analysis
  • Recognizing Working capital management
  • Preparing operating budgets
  • Making capital budget decisions
  • Understanding financial decision making
  • Understanding  breakeven point

Assessment Strategy:

  • Pre and Post training test to measure knowledge and learning levels
  • Engage trainees in exercises and group activities
  • Evaluation form to be filled by trainees

Day 1:

Module 1: The key financial statements

  • Understanding the accounting cycle
  • The five main accounts in financial statements
  • Income statement: tool for performance measurement
  • Accrual basis versus cash basis
  • Balance sheet: tool for financial position
  • The balanced status
  • Statement of cash flows: cash is king
  • Case Study

Day 2:

Module 2: Analysis of financial statements

  • Why are ratios useful
  • Horizontal and trend analysis
  • Vertical analysis: common size statements
  • Common size financial statements
  • Building blocks analysis and reading through the numbers
  • Liquidity ratios: ability to settle short-term dues
  • Solvency ratios: ability to settle long-term dues
  • Activity ratios: ability to manage assets efficiently
  • Profitability ratios
  • Case study

Day 3:

Module 3: Concept of financial management

  • Accounting versus finance: rules and responsibilities
  • Three pillars of finance
  • Financing decisions
  • Investing decisions
  • Operating decisions

Module 4: Breakeven analysis and decision making

  • Defining fixed costs
  • Defining variable costs
  • Contribution margin formula
  • Computing breakeven point
  • Breakeven point based on units of sales
  • Breakeven point based on $
  • Case study

Day 4:

Module 5: Operating budget process and techniques

  • What is an operating budget
  • Steps to budget development
  • Master budget components
  • Sales forecasting
  • Approaches to budgeting
  • Incremental budgeting
  • Zero-based budgeting
  • Budgetary control and correction
  • Case Study

Day 5:

Module 6: Capital budgeting: the investing decisions

  • Time value of money: a prerequisite for investing decisions
  • Payback period
  • Net present value calculation
  • Internal rate of return
  • Case study
اشكر إدارة المعهد ومنسوبيه على الترتيب و التجهيز والتنسيق الملحوظ
محمد ال بعتج
مدير الإكتتاب
5
Managers of companies and institutions in the private and public sectors - heads of procurement, sales, import and export departments working in investment departments – engineers
Cost of the training material - Certificate fees
Yes, in case he has a desire for knowledge in the financial field
The aim is to measure his knowledge and learn before and after the training course
Contains training material, activities and case studies
Obtains a certificate of attendance for the course and training material

2000 SAR

4000 SAR

Including VAT

Course Number: L&M-WFI-030212
Course Language: Arabic & English
Duration: 4 Day(s)