Finance for Non-Financial

Course Details:

Course objective :

By the end of the course, participants will be able to:

  • Overcome the barrier of the accountants’ strange language
  • Improve their understanding of your organization’s finance function
  • Understanding the content of, and relationships between, primary financial statements (income statement and balance sheet)
  • Radically improving their planning, controlling and budgeting skills
  • Be much more aware of the impact of their decisions on the performance of your organization
  • Identifying the main sources of finance available to a business
  • Identifying the main elements of working capital
  • Using comparative ratio analysis to pinpoint areas of concern

Course Outline  :

Day 1 : Introduction to Accounting and Finance
  • What are accounting and finance
  • How are the users of accounting information?
  • Why do I need to know anything about accounting and finance?
  • Accounting as information system
  • Financial accounting and management accounting
  • How is business managed?
  • What needs to be accounted for in the context of a business model?
  • Key accounting concepts
  • Assets, liabilities and equity
  • Accounting equation
  • How does the value of capital change
  • The Accounting cycle
  • Accounting Policies and Underlying Assumptions
  • Examples, Problems and Illustrative Case Studies
Day 2 : Measuring and Reporting Financial Position and Financial Performance
  • The major financial statements- an overview
  • The statement of financial position (balance sheet)
    • Current assets and liabilities
      • Inventory / Stock
      • Receivables
      • Payables
    • Non-current assets
      • Property, plant and equipment
      • Depreciation
  • Intangible assets
    • Patents and licences
    • Goodwill (introduction to group accounts)
    • Amortisation and impairment
  • Income Statement (the Statement of Financial Performance)
    • Recognizing revenue
    • Recognizing expenses
  • Examples, Problems and Illustrative Case Studies
Day 3 : Planning and Controlling - Costing and Budgeting
  • Understanding cost structure and behaviour
  • Costs as a relationship to outputs – cost / volume / price relationship
  • Fixed costs vs variable costs
  • The concept of contribution margin
  • Break-even analysis for planning and control
  • Nature and purpose of budgets for planning and control
  • Types of budgets and budgeting
  • Budgetary control and variance analysis
  • Budgeting for non-financial measures – Key Performance Indicators and the Balanced Scorecard
  • Examples, Problems and Illustrative Case Studies
Day 4 : Financing a Business and Making Investment Decisions
  • Source of finance
    •   Sources of internal finance
    • Sources of external finance
  • Long-term vs short-term borrowing
  • Financing decisions
    • Debt vs equity
    • Types of share and share issues
  • The nature of investment decisions
  • Investment appraisal methods
  • Accounting rate of return (ARR)
  • Payback period (PP)
  • Nets present value (NPV)
  • Why NPV is better
  • Internal rate of return (IRR)
  • Examples, Problems and Illustrative Case Studies
Day 5 : Accounting Information and Financial Analysis
  • Identifying key success factors in an industry sector
  • The analysis framework
    • Profitability
      • Growth
      • Margins
      • Earnings per share
    • Efficiency
      • Working Capital Days
      • Cash Cycle
      • Short Term Financing
      • Return Ratios
    • Liquidity
      • Current Ratio
      • Quick Ratio
      • Interest Cover
    • Solvency
      • Gearing
      • Leverage
      • Investor Ratios
      • Dividend Yield
      • Total Shareholder Return
  • Examples, Problems and Illustrative Case Studies

 


Date & Location

Sun - 12 Jan 2025 - Dubai

Date : Sun - 12 Jan 2025
Duration : 5 days
Place : Dubai
Language : Arabic
Price : 3200 USD
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