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An Interactive 5-Day Training Course

Finance for Non-Finance Professionals

Improving Executive Financial Awareness

course categories

19 Sep - 23 Sep 2022

Dubai

$4,950

Book your place

05 Dec - 09 Dec 2022

Dubai

$4,950

Book your place

20 Mar - 24 Mar 2023

Dubai

$5,950

Book your place

04 Dec - 08 Dec 2023

Dubai

$5,950

Book your place

Course Introduction

Executives and business professionals need to understand the financial factors critical to business success. This Finance for Non-Finance Professionals training course will show how finance works in today’s fast-moving business environment. For any business the key elements of profitability, liquidity and financial structure are critical to continuing success and competitiveness. So, these three elements are comprehensively explored and developed at all levels of business activity.

You will learn about the accounting processes of recording and reporting business transactions, and how these are summarised as periodic financial reports in accordance with statutory requirements. You will also learn how these financial reports are analysed by a variety of user groups.

This Finance for Non-Finance Professionals training course also has an inward focus and will explain why management accounting is essential to business survival, and success. It will show how budgeting can control costs and improve profitability. It will explain and develop tools and techniques for evaluating proposed new investment projects. This training course will enable you to understand the business from both a financial and strategic perspective, and how business decisions will impact on corporate profitability.

Highlights of this Oxford Management Centre training course:

  • The strategic and operational role of the finance function
  • The principles of accounting and financial reporting
  • How to understand and analyse financial reports?
  • How management accounting helps to maintain control and improve efficiency?
  • How to ensure that investment returns meet the stockholders’ expectations?

Objectives

Having completed this Finance for Non-Finance Professionals training course, you should be able to:

  • Explain the nature and role of financial statements and their interpretation
  • Use the language of accounting and finance to communicate effectively with financial professionals
  • Review the financial performance and financial position of an organisation using the appropriate financial ratios and break-even analysis techniques
  • Use budgetary control to compare actual against planned performance and to identify corrective actions
  • Evaluate investment projects using DCF and other appraisal methods

Training Methodology

This Oxford Management Centre training course will comprise a range of learning activities, including tutor presentations, with question and answer opportunities, demonstration and practice of analytical techniques, group exercises and discussions, using case studies and current company and market information sources. Whilst the theoretical background to financial management will be explained and justified, the main emphasis will be on putting these into a real-world context by providing a practical ‘toolkit’ of financial techniques.

Organisational Impact

What will your organisation gain from sending employees to attend this Finance for Non-Finance Professionals training course?

  • Greater awareness of the role of accounting and finance
  • Ability to understand the structure of accounting systems, and financial reports
  • Ability to make more effective and better-informed contributions to financial discussions
  • Ability to use tools and techniques for financial control and financial management
  • Greater understanding of the key drivers which ensure sustainable growth and competitiveness
  • Awareness of how business risks can be identified, analysed, and managed

Personal Impact

Participants will be able to further develop their personal management skills by being:

  • More knowledgeable about accounting and finance systems, and the meaning of financial statements & reports
  • Better informed financially, to enable improved executive decision-making
  • Better able to contribute to financial discussion, and communicate in financial language
  • Better able to contribute to the effective financial management of their organisation
  • Able to evaluate alternative courses of action and identify the most effective choices with regard to the future improvement of their organisation
  • Able to liaise more effectively with departments on financial matters

Who should attend?

  • Sales and marketing executives
  • Supply-stream professionals
  • Project professionals
  • Internal auditors
  • Any non-financial professionals who are required to read, interpret, and contribute to business financial reports
  • Senior professionals of manufacturing, marketing, engineering
  • Human Resources (HR) professionals
  • Legal professionals
  • Executive professionals who are involved with development of long-term customers, suppliers, outsourcing partners, and other global strategic alliances
  • Consultants who work with professionals and executives, to support improvements to operational and financial processes

Course outline

DAY 1

The Business & Financial Environment

  • The business environment                  
  • The role of financial management
  • Developing a strategic financial plan
  • The role & purpose of financial & management accounting
  • Accounting conventions, policies & International Financial Reporting Standards (IFRS)
  • The executive’s role in corporate governance

DAY 2

Financial Statements & Financial Analysis for Executive Decision Making 

  • Corporate financial information: Internal & external
  • The key elements of published annual financial reports             
  • Financial statements analysis to evaluate financial performance to improve liquidity, profitability, & efficiency
  • Working Capital Management (WCM)
  • Cash flow statements and calculating free cash flow
  • Predicting business failure with ratios and other key indicators

DAY 3

Strategic Financial Decision Making

  • Financing the business – Why and when?
  • Financing principles, short-term vs. long-term, debt vs. equity
  • Sources and types of finance
  • Determining the cost of long-term finance - The cost of capital models
    • Cost of Equity (Ke) – Dividend Valuation Model
    • Cost of Equity (Ke) – Capital Asset Pricing Model
    • Cost of Debt (Kd)
    • Weighted Average Cost of Capital (WACC)
  • Review of External Growth Strategies
    • Mergers, Acquisitions and Joint Ventures
  • Review of Restructuring Strategies
    • Demergers, Spin-offs, Unbundling, MBO, MBI, BIMBO

DAY 4

The Executives Role in Capital Investment

  • The capital investment process
  • Basic appraisal techniques – ARR and Payback
  • Why you should consider the time value of money?
  • Discounted Cash Flow Appraisal Techniques – NPV and IRR
  • Practical Issues to consider in NPV Appraisal – Inflation, capital rationing, risk, and uncertainty
  • Managing risk & uncertainty

DAY 5

Executive Management & Control of Budgets

  • The purpose and importance of budgeting
  • Different budgeting models – Are they relevant for your business?
  • Preparing, negotiating & implementing the budget
  • Controlling the budget
  • Variance analysis
  • Using budgets to aid decision making: Cost / Volume / Profit (CVP) analysis & break-even analysis

Certificate

Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.

Accreditation

All Training Courses delivered by Oxford Management by default are eligible for CPE Credit.

In association with

GLOMACS Training & Consultancy
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