Introduction
In today’s dynamic business environment, executives require a practical, working knowledge of accounting, auditing, tax and corporate finance to make informed business decisions. This comprehensive three-day training will equip participants with hands-on, transformative and business-oriented knowledge of the financial world.
It provides a solid appreciation of best-practice corporate financial management and demystifies the language of business – accounting and finance.
The Finance for Non-Finance training is specifically designed for experienced executives from non-financial backgrounds who need to understand, evaluate and deliver results while utilizing financial information to inform their decisions.
Learning Objectives
Participants should be able to:
- Learn to understand financial statements.
- Explain finance jargon and concepts of accounting information.
- Make financial decisions.
- Effectively manage projects.
- To undertake financial planning and reporting, including budgets and forecasts.
- Contribute to improving the financial performance of their organization.
What Are the Benefits of Attending
Participants will be able to interpret and analyze financial information appropriately and utilize the analysis to deliver increased organizational value. More specifically, participants will be able to:
- Make better operational decisions, supported with a clear understanding of their implications for organizational performance and value.
- Measure human capital, product and customer value productivity and profitability in a meaningful way and use activity-based analysis to manage organizational costs.
- Apply the concept of risk and return and the role of the required rate of return in performance measurement.
- Link financial information with overall organizational performance through the Balanced Score Card.
Who Should Attend?
Managers who have practical corporate experience in areas that are not related to finance and are seeking to understand, evaluate and deliver results while utilizing financial data to inform their decisions.
Topics to be Covered
These include:
- The accounting framework and preparation of financial statements
- Understanding financial accounts, language and structure (aligned to the relevant standards and regulations)
- The audit process – how it is conducted and its role
- Analysing financial performance: growth, profitability, liquidity, debt and financial strength, including benchmarking
- Budgeting and financial analysis for short term decisions cost accounting and management
- Cash flow analysis and interpreting cash-flow patterns
- Accounting for corporate acquisitions
- Project appraisal and valuation – risk and sensitivity analysis
- Financial risk management – key business risks and assessment of business risks
- Performance measurement – value-based management, Balanced Score Card and economic profit
- Taxation in business and tax management
Training Methodology
This is an interactive training course and will consist of the following training approaches:
- Lectures
- Webinars/Seminars & Presentations
- Extensive use of Case Studies and discussion-based learning.
Certificates
On successful completion of this training course, Certificate will be awarded to the delegates.
