FINANCE FOR NON-FINANCE EXECUTIVES

“Improve performance by better understanding of business with basic finance skills”

Objectives 

• To understand the role of Financial Statements in business and economy
• To measure the business performance for effective management of resources
• To know the cost components and its behavior to have better financial planning
• To use management accounting technique for better management decision

Course Overview
 
In new emerging business world, managerial performance is measured by how effectively they achieve their budgets. To be a successful non-financial manager, one needs to have an understanding of basic and concepts of finance & accounts, budgets and business performance measurement. This course will enable the non financial managers to use the financial and accounting concepts as decision-making tools and apply them in order to improve budget management, analyze the available business alternatives to select a best option, and assess the financial viability of projects.

Course Content
 
1. About financial statements

• What are the financial statements?
• How are they prepared?
• Who uses them?
• Ethics

2. Financial statement - to assess the business performance

• Profitability
• Liquidity & solvency
• Capital structuring & Leverage

3. How to manage costs in your business

• Cost behavior
• Cost techniques as tools for management process

4. Budgeting & Standard costing – as planning tool

• Operational budget
• Financial budgets
• Standard costing
• Analysis of performance for exceptional reporting

5. How to evaluate a new business proposal

• New import order
• Close or continue a business unit
• New project

Who Should Join?                                                                                          Non Financial and Accounting managers.

Mode of Delivery Seminar Module
  4 Days of 6 hours each
  Twice in a year
  Time: 8:30 am - 2:00 pm
  Day: Sunday – Thursday
  Venue: Hotel conference room

For more details and registration: mdp@emergeuae.net