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  • Finance for Non-Financials

    Course Objectives

    • Understand the financial and accounting terms used in business.
    • Develop skills in financial literacy.
    • Understand the main financial statements and how to be used to monitor and control business performance.
    • Understand the financial language, asking relevant financial questions, and making business decisions using financial criteria.
    • Highlight the need for good budget construction and the basic techniques for budgetary control.
    • Develop operating budgets
    • Understand how cash budgeting can affect motivation and control

    Who Can Benefit

    • Non-financial managers and anyone from non-financial disciplines who needs to know more about business finance terminology.

    Course Outline

    • Finance and Accounting
      • The World of Finance and Accounting.
      •  Why Do We Have Accounting Systems?
      •  The Goal of Good Management is to Create Value
      •  The Three Management Functions
      • Financial vs. Managerial Accounting
      • New Management Trends to Create Value
    • What is Profit?
      • Definition and Importance of Profit.
      • How much profit can we make?
      • Management by the Numbers
      • Volume Based Cost Behavior Patterns
      • Contribution Margin Based income Statements
      • Cost-Volume-Profit (CVP) Analysis
      • Using CVP to Manage
      • How does the CVP Chart Change to Reflect Cost Management
      • What Questions Can we Answer?
    •  The importance of Cash Flow
      • How money works in business.
      • Why profit and cash are not the same.
      •   How much cash can we take?
      • The Cash Management Process
      • Planning Motivates Control Through Evaluation
      • Budgeting in an Uncertain Business World — Solvency Management
      • Factors Influencing the Need for Budgeting & Planning
      • What Makes the Budgeting Process Successful?
    • Breaking Down the Financial Statement Barrier
      • Assets and Liabilities.
      • Working Capital Management.
      •   Key ratios to improve asset utilization and profitability.
    • Expenditure Planning and Financial Decision Making
      • Cost benefit analysis.
      • Capital expenditure decisions.
      • What is Capital Expenditure?
      • Nature of Capital Investment Decisions
      •   What is Capital Budget?
      • Stages of Capital Budgeting Process
      • Relevant Cash Flows
      • Methods of Evaluating Capital Investments
      •   Sensitivity analysis.
    • Budgeting for Profit
      • Definition of a budget.
      • Purpose of a budget.
      • How to construct a budget.
      • How to use a budget for financial control.
    • Motivation and Control through Budgeting
      • The Motivational Cycle
      • The Control Environment
      • How Much Accounting Control Do We Need?
      • Types of Controls
      • Centralized vs. Decentralized Controls
      •   Responsibility Centers used in Accounting Control Systems
      •   Limitations for 'Management by the Numbers' or Accounting Control
      • Evaluation of Managers and Divisions
      • Cost of Capital Employed
      • Accounting Performance Measures
      •   Do Our Accounting Systems Encourage Good Judgment?

    Code Courses Title Date Venue Price Request
    AC09 Finance for Non-Financials
    02 Feb to 06 Feb 2020 cairo contact us
    06 Jun to 10 Jun 2020 Dubai contact us
    04 Oct to 08 Oct 2020 Sharm El-Sheikh contact us
    06 Dec to 10 Dec 2020 Beirut contact us

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