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Finance for Non-Finance Manager

Start Date:
10 Dec 2018
5 Days
QAR 7500
Course Name: Finance for the Non-Financial Manager
Course Information
This program is designed to introduce participants to the basic accounting concepts and to enable them to interpret the content contained in the financial statements.
Upon the completion of this course the participant will be able to:
  • Read published financial statements
  • Explain accounting concepts and the accounting equation
  • Explain how the various components of the financial statements link together to tell a story of the business being reported upon
  • Interpret financial statements
  • Briefly explain various costing techniques
  • Apply basic budgeting techniques
  • Correctly use costs for decision making
Target Audience
Managers who are not finance professionals but are required to interact and liaise with the finance department and who would benefit from an understanding of the financial function and terminology
None required
Course Structure
The course is conducted using a combination of lectures, discussions and practical workshop sessions. Published financial statements will be used in the class discussions; participants are encouraged to bring along their own financial statements to be able to apply the class techniques to during the group discussions. There will be an assessment (based on real financial statements) on the final day of the course.
Course Facts
Duration: 5 Days

Program Contents
Module I
  • Non-financial manager’s concern with finance
  • Scope and Role of Finance
  • Importance of Finance
  • Responsibilities of Financial Managers
  • Distinguish between Accounting And Finance
  • Characterize and Identify the Financial and Operational
  • Environments
  • Compliance vs. Operations
Module 2
  • Importance of Cost Data
  • Describe the Types of Costs
  • Cost Concepts for planning, control and decision-making
  • Cost Behavior
  • Segregate fixed and variable costs
  • Cost Allocations
  • Factors in Cost Analysis
Module 3: Contribution Analysis
  • What is Contribution Analysis?
  • Why do it?
  • Pricing Strategy
  • Product Decisions
  • Product Mix Decisions
  • Performance Assessment
  • Non-Recurrent Costs Factoring
Module 4: Relevant Costs
  • Are not all costs relevant?
  • Why are relevant costs relevant?
  • Make or Buy Decisions
  • Optimize Resources
  • And there are the sunk costs!
  • The Cost Paradox
Module 5: The Budget
  • The Budgeting Process or The Operating Plan
  • The Budgeting Workflow
  • The Cash Budget
  • Forecast and the Internal Reviews
  • Forecast and the External Commitments
  • Revisiting Forecasts or Re-forecasts
  • Plan and the Forecasting Cycle
Module 6: Cost Control and Variances
  • What is a standard?
  • Why variance analysis?
  • Flexible Budgets
  • List the various cost variances
  • The Theory of Constraints
  • Activity Based Costing
  • Pros and Cons of Standard vs. Activity Based Costing
Module 7: Financial Accounting
  • Financial Accounting
  • Key Principles of Accounting
  • Financial Statements
  • Key Accounts and Accounting Cycle
  • Ratios
  • Things to Consider in Ratio Analysis
Module 8: Financial Asset Management
  • What is working capital?
  • How do you finance assets?
  • How do you manage cash?
  • What are trade floats?
Module 9: Credit and Receivables
  • Receivable Management
  • Credit Policies
  • Factoring
  • Secured Receivables
  • Contract Management
  • The Basics of Capital Budgeting

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