Budgeting & Forecasting are fundamental skills for all professionals regardless of their function or managerial level, as they are integral in ensuring an organization's ability to determine its short and long-term goals and link them to its strategic plan.
Who Should Attend:
Managers, senior managers, and middle-level executives in non-financial positions need to improve their financial skills to make critical business decisions involving cost savings, budgets, new projects, growth strategies, etc.
Professionals with little or no accounting/financial technical knowledge
Entrepreneurs who are required to make daily business decisions regarding their companies.
Self-employed professionals like lawyers, doctors, medical practitioners, etc.
Quick Overview:
Online Interactive Live Sessions Using Zoom
Duration: 15 Hours
Number of Sessions: 3 Weeks, 5 Sessions (3 Hours per Each)
Two Days per week.
Practical Exercises & Case Studies
Start Date: Friday 10 March 2023
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Learning Objectives
Upon completion of this workshop, participants will be able to:
Use common financial language to communicate effectively with finance professionals within the organization.
Interpret the financial health and state of a company, division, or responsibility center
Compute and understand widely used financial KPIs
Apply the management accounting techniques & procedures of product costing, cost-volume-profit analysis, budgeting, & variance analysis.
Know the link between corporate and financial strategy
Understand the functions of financial management and its role in running the business
Identify the significance of accounting choice and its impact on the financial statements.
Apply capital budgeting techniques and cost-volume-profit analysis for better decision making
Know the purpose of the three significant financial statements', Income Statment, Statement of Financial Position and Cash Flow Statement.
Outline
Overview of Financial Management
Why Finance for Non-Finance Executives
Understanding Financial Statements (uses and implications)
Balance Sheet Reading Skills - Why is it important?
Financial Management Techniques for survival and growth
Types of Financing (Long-term / Short-term / Financial Management)
Capital Budgeting
Capital Structuring Decisions for your Business
Financial Analysis through Ratios
Risk & Return
Fund Flow Analysis for analyzing Survival / Failure / Growth of Business
What is Break Even, and why is it very crucial?
Cash Flow Analysis - Like Oxygen Movement
Valuation of Future Cash flows
Business Finance (Interest / Inflation / Exchange Rate)
Bank Loan for Business - related aspects.
How Banks appraise Term Loans
How to prepare Project Reports for Bank Loans
How should Business financing decisions be taken?
How cost structure influences profit?
Management Accounting – Overview
Overview of Cost Accounting
More about Accounting - Be clear on all accounting terms
Time Value of Money - Money has time value?
Why is Working Capital Management Important?
How should Investment Decisions be taken?
Overview of Auditing
Meet Your Instructor
Dr. Ehab Abdel Hady
CFO, Financial Consultant & Trainer
An experienced and knowledgeable financial Consultant, Professional instructor & Business Mentor, Finance Transformation, DBA & MBA Lecturer, and Finance Edupreneur, He has a Bachelor's degree in accounting (English Section). He is also a Certified Business Analysis Professional CBAP and a Certified Healthcare Financial Management Professional CHFP; he acquired an MBA degree in 2015 & DBA in 2021.
For 20 years, he has worked with different well-reputed organizations & entities in many diversified financial scopes. Dr. Ehab is currently holding a CFO for Alkhorayef Group, the Group which enjoys a worldwide presence, Operates in more than 40 countries representing renowned quality products and manufacturers.
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