An Interactive 5-Day Training Course
Building Financial Acumen for
Non-Financial Managers
The 101 Guide for Effective Financial Decision
Classroom Sessions:
INTRODUCTION
In today's dynamic business environment, understanding financial principles is crucial for executives and business professionals to drive success and maintain competitiveness.
This Building Financial Acumen for Non-Financial Managers training course is designed to demystify finance for non-financial managers, equipping them with essential skills to navigate profitability, liquidity, and financial structure.
This interactive training course covers fundamental financial concepts, including accounting processes, financial reporting, and analysis. Participants will gain insights into how these financial reports influence business decisions and strategic planning.
The training course also emphasizes management accounting, focusing on budgeting, cost control, and investment evaluation. By bridging financial and strategic perspectives, the training course empowers professionals to make informed decisions that enhance corporate profitability and sustainability.
This GLOMACS Building Financial Acumen for Non-Financial Managers training course will highlight:
- The strategic and operational role of finance in business
- Principles of accounting and financial reporting
- Techniques for understanding and analyzing financial reports
- Management accounting’s role in cost control and efficiency
- Evaluating investment returns to meet stakeholder expectations
Objectives
At the end of this Building Financial Acumen for Non-Financial Managers training course, you will learn to:
- Explain the role and interpretation of financial statements
- Communicate effectively with financial professionals using accounting terminology
- Review organizational performance using financial ratios and break-even analysis
- Implement budgetary control to compare actual performance with planned targets
- Evaluate investment projects through DCF and other appraisal methods
Training Methodology
The delegates on this training course will receive thorough training on the subjects utilising a variety of proven adult learning teaching and facilitation techniques include the following:
- A presentation in a highly interactive manner
- Individual and group activities, interspersed throughout the sessions, along with appropriate case studies
- Video documentaries that will highlight the significant teaching features
Organisational Impact
The Organisation will have the following benefits;
- Increasing awareness of accounting and finance roles
- Improving understanding of accounting systems and financial reports
- Enhancing contributions to financial discussions and decision-making
- Utilizing tools for effective financial control and management
- Identifying and managing business risks for sustainable growth
Personal Impact
At the end of this training course, the participants will gain the following;
- A deeper understanding of financial systems and statements
- Improved ability to contribute to financial discussions and management
- Skills to evaluate alternative actions for organizational improvement
- Effective communication with departments on financial matters
WHO SHOULD ATTEND?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Sales and marketing executives
- Supply chain and project professionals
- Internal auditors and non-financial professionals
- Senior managers in manufacturing, marketing, and engineering
- Human resources, legal professionals, and consultants involved in strategic decision-making
DAY 1
Understanding the Business & Financial Landscape
- Overview of the Business Environment
- Importance of Financial Management: Exploring the crucial role of financial management within organizations.
- Creating a Strategic Financial Plan: Developing a long-term financial strategy to guide business decisions.
- Purpose of Financial and Management Accounting: Examining the functions and objectives of financial and management accounting.
- Accounting Standards and Practices: Reviewing accounting conventions, policies, and International Financial Reporting Standards (IFRS).
- Executive Responsibilities in Corporate Governance: Understanding the role of executives in ensuring effective corporate governance.
DAY 2
Analyzing Financial Statements for Executive Decisions
- Distinguishing between internal and external financial data.
- Identifying the critical elements of published annual financial statements.
- Financial Performance Analysis
- Techniques for effective management of working capital.
- Indicators of Business Viability
DAY 3
Strategic Financial Decision-Making
- Determining when and why to finance a business.
- Exploring various sources and types of financing
- Determining the cost of financing
- Internal versus External Growth Strategies
- Restructuring Strategies
DAY 4
Capital Investment and Budget Management
- The importance of considering the time value of money in investment decisions.
- Understanding the steps involved in capital investment decisions.
- Basic Appraisal Methods: ARR and Payback.
- Discounted Cash Flow Techniques:
- NPV
- IRR
- Discounted cash flow analysis
- Profitability Index
- Risk and Uncertainty Management
DAY 5
Cost Management & Budget Control
- Understanding the role and significance of budgeting in business management.
- Assessing the relevance of different budgeting models for your business.
- Budget Preparation and Implementation
- Techniques for monitoring and controlling the budget.
- Using variance analysis to assess deviations from the budget.
- Decision-making through CVP and break-even analysis.
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Endorsed Education Provider
GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
Dubai - UAE
P. O. Box
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Tel: +971 (04) 425 0700
Fax: +971 (04) 425 0701
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GLOMACS Training & Consultancy
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