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Finance for Non-Finance Managers - bootcamp
Rating:
4.8
English
Basic
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Course Overview
Finance for Non-Financial Managers Program helps managers improve communication with finance executives in their company, better understand the impact of financial decisions on the firm’s profitability and enhances their ability to use financial analysis in decision-making. The program is aimed at helping the non-financial managers to understand and develop financial skills even though they are out of their primary area of expertise. Also, the program adds the financial dimension to the decision-making process thus enabling better business planning or performance benchmarking. Definitely a must for any middle and senior manager role!
Key Takeaways
1
Have the knowledge of main aspects of finance.
2
Have a background of the financial statements.
3
Have the knowledge about budgeting process and how to prepare it.
4
Have the knowledge on cost classification.
5
Have the knowledge how to evaluate the investment decisions.
Certifications From
LEORON - Professional Development Institute
Brand Logo
Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering. With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 500 courses annually, and roughly 10000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.

Course Outline

Day 1
FINANCIAL STATEMENTS AND FINANCIAL STATEMENT ANALYSIS
The Balance Sheet and its Components
Defining the Balance Sheet Assets Liabilities Equity Current versus Non-Current Assets and Liabilities The Balance Sheet Illustrated
Income Statements
Defining the Income Statement Defining Revenue and its Recognition Defining Expenditures and their Classifications Calculating Profit Gross Profit Operating Profit Net Profit The Income Statement Illustrated
Cash Flow Statement
Defining the Statement of Cash Flows Cash and Cash Equivalents Classification of Cash Flows - Operating Activities - Investing Activities - Financing Activities The Cash Flow Statement Illustrated
Net Equity
What is Capital Stock? Dividends are not an Expense! Cash Dividends, Stock Dividends and Stock Split Definition of Treasury Stock Retained Earnings: Not the Same as Cash
Financial Statement Analysis
Over view of the ratio analysis. Definition and calculation of financial ratios. Common size financial statements. Internal liquidity ratios. Operating performance ratios. Solvency ratios Profitability ratios Market ratios Interpretation of financial ratios to provide basis of decision making for top management. Limitations of financial ratios analysis Case Study
Day 2
SESSION 1: The Budgeting Process
Definition of Budget Functions and Roles of Budgeting Budget Manual Participative Budgeting and Management by Objectives MBO Standard Costing; types, development Budget Preparation Methods; project budget, ABC Budget, ZBB, Incremental Budget, Continuous budget Budget Types; Static and Flexible Budgets
SESSION 2: Selecting profitable investments
Defining the PV & FV. Determining the capital budgeting evaluation techniques, advantages of each and its drawbacks: 1. Payback period 2. Bailout payback 3. Discounted payback period 4. Net present value. 5. Internal rate of return 6. Profitability index

Who Should Attend?

This highly practical and interactive course has been specifically designed for
Non-finance staff in departments such HR, Supply chain, IT, Sales, Marketing, Operations…
Managers of non-finance functions such as, HR, Supply chain, IT, Sales, Marketing, Operations…
Senior Directors of Non-finance divisions

FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +971 4 425 5711 or register@leoron.com.
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
  • Review:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider “LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
  • Review:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
  • Review:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie