CATEGORY TYPE: Finance & Accounting

COURSE NAME:Financial For Non-Financial for Executives


UPCOMING EVENTS


START DATE END DATE CITY/COUNTRY PRICE Request
This course can be scheduled at your convenience, to request this course please click here
INTRODUCTION:

In today's business world, when every manager is held accountable for the bottom line, you have to be finance savvy!

Finance for non-financial managers. It’s a topic you must understand—especially during challenging economic times when financial acumen is expected at every organizational level.

You’ve got to know how to justify a request, quantify your contributions to the company and spot profit drains immediately. Because whether you're a wizard of finance or a nonfinancial manager, performance is measured the same way—in dollars and cents!
Offering an accessible overview of finance for non-financial managers, this seminar features exactly what you need to further your career and build your future. From accruals to write-offs to receivables and payables, this workshop shows nonfinancial managers the concepts, tools and techniques that can help make each decision pay off—on the job and on the bottom line.

OBJECTIVES:

 

  • Get a firm grasp of the numbers side of your job
  • Gain greater confidence with a working knowledge of business  financials
  • Learn how to “think finance” and translate performance into financial terms
  • Cultivate proactive working relationships with finance professionals and enhance your value to the organization
  • Understand the business dynamics of dollars and cents—and take initiatives that meet your short- and long-term goals
  • Take the guesswork out of your decision making and deliver a better bottom line
  • Expand your professional expertise—and your career opportunities

 

OUTLINE:

 

  • Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others
  • The accounting process: journals and ledgers, how debits and credits work
  • Mastering the mind-set: see business in terms of dollars-and-cents decision options that pay off—short- and long-term
  • Basic accounting principles
  • Applying accounting conventions and guidelines
  • Developing working rules regarding your corporate financial statements
  • Using the balance sheet to examine assets and liabilities
  • Analyzing the income statement to assess revenues and expenses
  • The statement of cash flow: sources and uses of funds
  • Content and format of the annual report
  • Understanding the footnotes
  • Debt vs. equity financing
  • Cash flow: where cash comes from and how it's applied
  • Elements of cost accounting
  • Basic Accounting Concepts
  • The Importance of the Accounting Equation
  • The Significance of Generally Accepted Accounting Principles (GAAP)
  • The Accrual Process
  • The Difference between Accounting Profit and Cash Flow
  • Reviewing an Annual Report
  • Various Components of an Annual Report
  • Importance of Notes in Evaluating Financial Statements
  • External Auditor’s Role and the Significance of the Opinion Letter
  • Evaluating a Company’s Financial Statements
  • Calculate the Key Financial Ratios Using the Financial Statements
  • Use Financial Ratios to Evaluate:

—An Organization’s Liquidity, Leverage and Profitability
—The Performance of an Organization as Compared to Its Competitors’
—An Organization’s Performance Compared with Budgeted Goals

  • Identify Sources of Financial Information beyond the Financial Statements
  • Improving Profitability through Cost Analysis and Profit Planning
  • Differentiate between Fixed and Variable Costs
  • Help Your Organization Improve Profitability through the Use Of:

—Break-even Analysis
—Contribution Margin Analysis
—Direct Costing in Appropriate Situations

  • Understand Why Cash Has a Time Value
  • Understand the Budgeting Process
WHO SHOULD ATTEND:

This program is designed for non-financial managers in every functional area of responsibility in all industries.

Note: Please bring a Laptop and a copy of your annual report (if available).

DURATION:
    • 5 Day(s)
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    Sabic

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    Sabic

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    Sabic

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    Sabic

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    Mobily

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    General Authority of Civil Aviation (GACA)

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    Sabic

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    Sabic

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    Al-Suwadi Services

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    Coldstorec Group Of Saudi Arabia

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    Saudi Aramco

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    Al-Suwadi Services

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    Al Khodari Company

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    Al Khodari Company

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    Al Khodari Company

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    Ibrahim Darwish
    Al Khodari Company