Finance for Non-Finance Professionals Training Courses - Dubai | Meirc
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Accounting and Finance

Finance for Non-Finance Professionals

Why Attend

To succeed at any employment level and position, knowledge of basic financial principles is critical. 'Finance for non-Finance Professionals' transforms financial and accounting concepts into decision making tools you can use successfully every day. You will learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities.You will also understand the terminology used by accounting and finance staff and will feel more confident when being involved with them or using them. This course will help you do a better job and prepare you for senior management positions where financial awareness is crucial.

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Course Methodology

The course uses a mix of interactive techniques, such as brief presentations by the consultant, case studies and group exercises to apply knowledge acquired throughout the course.

Course Objectives

By the end of the course, participants will be able to:
  • Define the four key financial statements: balance sheet, income statement, cash flow and changes in owner equity as well as key financial terms such as profit, margins and leverage used in organizations
  • Interpret the financial health and condition of a company, division or responsibility center and use financial information for management and evaluation
  • Distinguish between accounting and finance and explain the finance role in running businesses
  • Prepare a company's operating budget and relate it to the organization's strategic objectives
  • Apply capital budgeting techniques and cost-volume-profit analysis to enhance decision making

Target Audience

Managers, supervisors and staff from any function including finance who need to improve their understanding and usage of financial information.

Target Competencies

  • Understanding financial statements
  • Financial analysis
  • Working capital management
  • Preparing operating budgets
  • Making capital budget decisions
  • Financial decision making
  • The key financial statements
    • Understanding the accounting cycle
    • The five main accounts in financial statements
    • Income statement: tool for performance measurement
      • Accrual basis versus cash basis
    • Balance sheet: tool for financial position
      • The balanced status
    • Statement of owners’ equity
    • Statement of cash flows: cash is king
    • Wrapping-up: the cycle of financial statements
    • External and internal auditors’ responsibilities
  • Analysis of financial statements
    • Why are ratios useful
    • Horizontal and trend analysis
    • Vertical analysis: common size statements 
    • Building blocks analysis and reading through the numbers:
      • Liquidity ratios: ability to settle short-term dues
      • Solvency ratios: ability to settle long-term dues
      • Activity ratios: ability to manage assets efficiently
      • Profitability ratios
      • Limitations of financial ratio analysis
  • Working capital management
    • Definition of working capital and working capital management
    • Working capital management strategies for current assets
      • Balancing profitability and liquidity
    • Working capital management strategies for current liabilities
      • trade-off between profitability and certainty
  • Recap: concept of financial management
    • Accounting versus finance: rules and responsibilities
    • Three pillars of finance
      • Financing decisions
      • Investing decisions
      • Operating decisions
  • Breakeven analysis and decision making
    • Defining fixed costs
    • Defining variable costs
    • Contribution margin formula
    • Computing breakeven point
    • Sensitivity analysis: changing assumptions
  • Operating budget process and techniques
    • What is an operating budget
    • Steps to budget development
    • Master budget components
      • Sales forecasting
    • Approaches to budgeting
      • Incremental budgeting
      • Zero-based budgeting
    • Budgetary control and correction
  • Capital budgeting: the investing decisions
    • Examples of exercises involving capital budgeting exercise
    • Time value of money: a prerequisite for investing decisions
    • Required rate of return for investments
    • Examples of cash outflows for capital projects
    • Examples of cash inflows for projects
    • Net present value calculation
    • Internal rate of return

Meirc Professional Certificate (MPC)

MPC certified courses by Meirc Training and Consulting are designed for those willing to challenge themselves and go the extra distance. Participants who fully attend an MPC course and successfully complete the test on the last day, will receive a Meirc Professional Certificate (MPC), in addition to the one they receive for attendance. MPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.

MPC

National Association of State Boards of Accountancy (NASBA)

Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org

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Associations
Per participant - 2019

USD 4,800

Per participant

USD 4,900

Fees + VAT as applicable

Tax Registration Number : 100239834300003

(including coffee breaks and a buffet lunch daily)

This course is worth 25 NASBA CPEs

2021 - Location & Date

29 Aug - 2 Sep, 2021
Dubai
English
31 Oct - 4 Nov, 2021
Dubai
Arabic
26 - 30 Dec, 2021
Dubai
English
Meirc reserves the right to alter dates, content, venue and trainer.

This course is also offered in Virtual Learning, click on the course below.