Financial Management for Non-Financial Professionals

Course Introduction

In today's competitive environment, financial management is one of the most vital functions to help the organisation reach its objectives. It gives a wide range of resolutions to critical issues such as Financial Budgeting, Financial Reporting, Cash Management, Managing People in the Finance department or division and other related tasks. Nowadays, the role of a financial manager is transformed to cover, beyond the traditional way of managing the firm's finances, strategic and operational issues.

This 5-day training course will help any non-financial professional understand how the finances of the organizational work, how they will be interfacing with finance, and simulate the roles and responsibilities of a financial manager, including financing and investment decisions and advising the board in dividend pay decision. It also lays a foundation for more complex financial topics in the corporation and its operating environment.

This training course will highlight the following:

• Definition of  Accounting its Types and Key Principles 
• Regulatory Bodies Governing Accounting: IFRS, IAS and the IASB
• The Contents of Accounts, P&L, Cash Flow, and Balance Sheet Statements
• Financial Statement Analysis
• Sarbanes Oxley Act and Corporate Governance 
• Definition of Finance: Its Types and Different Financial Operators
• Time Value of Money
• Cost of Capital and WACC
• NPV and other Investment Metrics

Objectives

Participants will enhance their skills to:

• Elucidate the purpose of the 3 key financial statements, “Income Statement, Statement of Financial Position, and Cash Flow Statement”
• Evaluate the performance and position of an organization by analyzing their Annual Financial Report
• Understand the key functions of finance and its operators
• Demonstrate the Utility of Time Value Model
• Apply a range of techniques to determine our cost of capital 
• Demonstrate a range of methods, tools and techniques available to evaluate projects and investment opportunities

Training Methodology

This training course will utilize various proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes:

• 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

Professional Impact

This training course is designed to provide a solid background for non-financial professionals who want to understand how financial decisions are made. The participants will:

• Expound why the role of the financial manager today is so important
• Illustrate "financial management" in terms of the 3 major decision areas that tackle the financial manager
• Identify the objective of the firm and know why shareholder wealth maximization is preferred over other goals
• Understand the potential problems arising when the management of the corporation and ownership are separated (i.e., agency problems)
• Demonstrate an understanding of corporate governance
• Discuss the issues underlying the social responsibility of the firm
• Understand the essential responsibilities of financial managers and the differences between a "treasurer" and a "controller”

Target Audience

This training course is suitable for anyone who wants to learn about finance and financial decisions.  Whether the delegates come from Business, Legal or Technical backgrounds, this course is bespoke to benefit professionals from different sectors and industries such as but not limited to:

• Engineers
• Production Managers 
• IT Managers
• Sales Professionals
• Marketing Managers
• Legal Managers
• HR Managers 
• Project Managers
• Banking Professionals
• Public and Semi-Public Sectors Professionals
• Entrepreneurs and Business Owners
• Consultants

Daily Topics

DAY ONE: DEALING WITH THE FUNDAMENTALS OF ACCOUNTING

• Introduction to Accounting
• Fundamentals of Accounting Statements: The Profit & Loss Account
• Fundamentals of Accounting Statements: The Balance Sheet
• Accounting Abuses and Update
• Global accounting in the New Century

DAY TWO: CASH FLOW ANALYSIS AND RATION ANALYSIS

• Understanding Cash Flows
• Fundamentals of Accounting Statements: The Cash Flow Statement
• Cash Flow Analysis
• Dealing with the Consequences of Growth and Non-Growth
• Ratio Analysis

DAY THREE: INTRODUCTION TO FINANCE AND FINANCIAL MATHEMATICS

• Introduction to Finance
• The Time Value of Money
• Net Present Value (NPV): Developing the Concept
• NPV's and Varying Future Cash Flows
• Perpetuities and Annuities

DAY FOUR: COST OF CAPITAL AND CASH FLOW VALUATION

• The cost of capital and the underlying corporate finance theory
• Modigliani Miller and the theory of leverage
• Completing the WACC
• Portfolio Theory
• Funding Structures

DAY FIVE: PROJECT ANALYSIS

• Developing a forecast of the project cash flows
• Identifying the Key Risk Areas
• Discounted Cash Flow Techniques
• Calculating the Internal Rate of Return
• Other Valuation Methods

For registration & more information please contact

NAYEL Training Centre 

T: +971 4 379 7245 | M: +971 50 249 6876 WhatsApp +971 50 249 6876

Email [email protected]