Finance For Non-Finance

AED1,500.00

This course aims to help non-financial professionals to raise their awareness of finance and to use financial information in making business decisions. This also aims to raise the level of financial awareness of the participants and enable them to use the financial information provided to them to make better short-term or long-term decisions in managing their business.

Category:

Description

Learning Outcome

By the end of the session, participants will be able to:
• Understand basic accounting principles.
• Explain the different types of financial reports.
• Interpret key Financial information.
• Understand the limitation of financial reports.
• Construct cash budget and pro-forma statement.
• Apply time value of money concepts to evaluate different streams of cash flow.
• Appreciate the capital budgeting process.
• Apply common capital budgeting techniques to project evaluation.
• Interpret and harness financial information in their decision making and strategic planning.
• Systematically assess the financial viability of their functions, plans and projects.
• Manage and control their budget effectively on a day-to-day basis.

Course Content

Introduction, Course outline, Expectations and Takeaways
• Understanding the importance of financial statements

Analysing & Tools for Preparing Financial Statements
• Understanding Double Entry Concepts
• Recording Transactions- Journals, Cash Book, General Ledger
• Understanding the differences of Income Statement & Balance Sheet and their roles

Assumptions –Sources of information
• Understanding Relevant and achievable targets
• KPIs, Assessments relevant to company /industry

Understanding Financial Statements
• Accounting Terminology within Financial Statements
• Contents of Income Statements, Balance Sheet & Cash Flow
• Understanding Income, Balance Sheet (Assets, Liabilities & Equity)
• Understanding Cash Flows (Operating, Investing & Financing)

Analysing & Interpreting Financial Statements
• Understanding Vertical Analysis
• Understanding Ratios (Performance, Liquidity & Leverage)

Limitations of Financial statements
• Understanding the pitfalls of over relying on financial statements
• Understanding the limitations of Ratios

Planning & Budgeting
• Understand the Financial Planning Process
• Understand and apply Cash Planning concepts to prepare Cash Budget
• Understand and apply Profit Planning concepts to prepare Pro-forma Statement

Capital Budgeting & Investment Analysis
• Understand and apply time value of money concepts to evaluate different streams of cash flow
• Describe the characteristics of capital expenditure
• Describe the capital budgeting process
• Understand and apply the following capital budgeting techniques:

o Payback period
o Net present value
o Internal rate of return
o Assets
o Liabilities
o Revenue
o Expenses