Executives and business professionals need to understand the financial factors critical to business success. This interactive Finance for Non-Finance Professionals online training course will show how finance works in today’s fast-moving business environment. For any business the key elements of profitability, liquidity and financial structure are critical for continuing success and competitiveness. So, these three elements are comprehensively explored and developed at all levels of business activity.

You will learn about the accounting processes of recording and reporting business transactions, and how these are summarized as periodic financial reports in accordance with statutory requirements. You will also learn how these financial reports are analyzed by a variety of user groups.

This Finance for Non-Finance managers online training course also has an inward focus and will explain why management accounting is essential to business survival, and success. It will show how budgeting can control costs and improve profitability. It will explain and develop tools and techniques for evaluating proposed new investment projects. This online training course will enable you to understand the business from both a financial and strategic perspective, and how business decisions will impact on corporate profitability.

Highlights of this Finance for Non-Finance Professionals Online Training Course:

• The strategic and operational role of the finance function
• The principles of accounting and financial reporting
• How to understand and analyze financial reports?
• How management accounting helps to maintain control and improve efficiency?
• How we can ensure that investment returns meet the stockholders expectations?

Having completed this Finance for Non-Finance Professionals online training course, you should be able to:

• Explain the nature and role of financial statements and their interpretation
• Use the language of accounting and finance to communicate effectively with financial professionals
• Review the financial performance and financial position of an organization using the appropriate financial ratios and break-even analysis techniques
• Use budgetary control to compare actual against planned performance and to identify corrective actions
• Evaluate investment projects using DCF and other appraisal methods

This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice

The organisation will gain from sending employees to this online training course:

• Greater awareness of the role of accounting and finance
• Ability to understand the structure of accounting systems, and financial reports
• Ability to make more effective and better informed contributions to financial discussions
• Ability to use tools and techniques for financial control and financial management
• Greater understanding of the key drivers which ensure sustainable growth and competitiveness
• Awareness of how business risks can be identified, analysed, and managed

Participants will be able to further develop their personal management skills by being:

• More knowledgeable about accounting and finance systems, and the meaning of financial statements & reports
• Better informed financially, to enable improved executive decision-making
• Better able to contribute to financial discussion, and communicate in financial language
• Better able to contribute to the effective financial management of their organisation
• Able to evaluate alternative courses of action and identify the most effective choices with regard to the future improvement of their organisation
• Able to liaise more effectively with departments on financial matters

• Sales and marketing executives
• Supply-stream professionals
• Project professionals
• Internal auditors
• Any non-financial professionals who are required to read, interpret, and contribute to business financial reports
• Senior professionals of manufacturing, marketing, engineering
• Human resources professionals
• Legal professionals
• Executive professionals who are involved with development of long-term customers, suppliers, outsourcing partners, and other global strategic alliances
• Consultants who work with professionals and executives, to support improvements to operational and financial processes

DAY 1

The Business & Financial Environment

• The business environment                  
• The role of financial management
• Developing a strategic financial plan
• The role & purpose of financial & management accounting
• Accounting conventions, policies & International Financial Reporting Standards (IFRS)
• The executive’s role in corporate governance

DAY 2

Financial Statements & Financial Analysis for Executive Decision Making

• Corporate financial information: - Internal & external
• The key elements of published annual financial reports             
• Financial statements analysis to evaluate financial performance to improve liquidity, profitability, & efficiency
• Working capital management
• Cash flow statements and calculating free cash flow
• Predicting business failure with ratios and other key indicators

DAY 3

Strategic Financial Decision Making

• Financing the business – Why and when?
• Financing principles, short-term vs. long-term, debt vs. Equity
• Sources and types of finance
• Determining the cost of long-term finance - The cost of capital models:
  • Cost of Equity (Ke) – Dividend Valuation Model
  • Cost of Equity (Ke) - Capital Asset Pricing Model
  • Cost of Debt (Kd)
  • Weighted Average Cost of Capital (WACC)
• Review of external growth strategies:
  • Mergers, acquisitions and joint ventures
• Review of restructuring strategies: Demergers, spin-offs, unbundling, MBO, MBI, BIMBO

DAY 4

The Executives Role in Capital Investment

• The capital investment process
• Basic appraisal techniques – ARR and Payback
• Why you should consider the time value of money?
• Discounted cash flow appraisal techniques – NPV and IRR
• Practical issues to consider in NPV appraisal - Inflation, Capital Rationing, Risk and Uncertainty
• Managing risk & uncertainty

DAY 5

Executive Management & Control of Budgets

• The purpose and importance of budgeting
• Different budgeting models – Are They Relevant for Your Business?
• Preparing, negotiating & implementing the budget
• Controlling the budget
• Variance analysis
• Using budgets to aid decision making: Cost / Volume / Profit (CVP) analysis & break-even analysis

In Association With

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

The Energy Training Centre

Our collaboration with Energy Training Centre aims to provide the best training services and benefits for our valued clients

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.com