In today's dynamic business environment, Financial knowledge and skills are fundamental to any executive or professional position in any organization to make informed business decisions.

This program enables professionals, mainly from functional areas other than finance, such as sales, marketing, human resource, research and development, production, and procurement, to gain an extensive working knowledge of critical accounting & financial principles in an easy-to-follow manner. It also enables them to make necessary business decisions involving cost-savings, budgets, new project decisions, growth strategies, etc.

Who Should Attend: 

• Professionals with little or no accounting/financial technical knowledge

• 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.

• 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: 18 Hours 

• Number of Sessions: 3 Weeks, 6 Sessions (3 Hours per Each)

• Two Days per week (Sunday & Wednesday) from 8 PM till 11 PM (KSA Time).

• Practical Case Studies

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.

Module 1: Understanding Financial Statements

1. Overview of Financial Management

2. Management Accounting – Overview

3. More about Accounting - Be clear on all accounting terms

4. Why Finance for Non-Finance Executives

5. Understanding Financial Statements (uses and implications)

6. Balance Sheet Reading Skills - Why is it important?

7. Income Statements Reading Skills - Why is it important?

8. Cash Flow Statements Reading Skills - Why is it important?

9. Profit Vs. Cash Flow

Module 2: Financial Statements Analysis

1. Financial Statements Analysis through Ratios

2. Responsibilities Accounting

3. Why is Working Capital Management Important?

Module 3: Costing Concepts

1. Overview of Cost Accounting

2. How does cost structure influence profit?

3. What is Break Even, and why is it very crucial?

   
   

Module 4: Present & Future Value Concept

1. Future Values and present values .

2. Valuation of Future Cash flows

3. Investment Decisions Vs. Financing Decisions Concept

Module 5: Investment Analysis

1. Capital Structure Analysis

2. Cost of Debt

3. Cost of Capital

4. Risk & Return

5. Capital Budgeting

6. Investment decision criteria

2000 AED