Finance For Non-Financial Managers - Dubai, UAE

Finance for Non-Finance Managers is 2-day practical course covering all aspect of financial knowledge required to curry out sound financial decision. You will be able to Understanding Financial Statements, Monitoring financial performance, Prepare a cash flow, and budget planning for better pricing decisions and Improve credit control

Start

December 15, 2019 - 9:00 am

End

December 16, 2019 - 5:00 pm

Address

Media Rotana Hotel Dubai   View map

Overview

The financial statements and the story they tell – The Profit and loss and Balance sheet are the statements that outside organisations use to make judgements on the health and future of your business. Through practical activities and discussion you will see your organisation from the outside using numbers produced at the end of each year

Understanding and managing profit – Many people think that they have a profitable business and have set the right prices for their goods or service only to find at the end of the year other costs wipe it all out. You will work though exercises to learn how to make sure that a profit is made and at a level that is right for the business

Putting together a cash budget – Budgets are a tool to help management achieve financial targets. Budgeting is only useful if it is based on a combination of fact and intelligent estimation. You will learn how the relevant information is gathered and then incorporated in a cash budget

The financial effect of every day decisions and individual actions – using your experience and discussion the day will increase the awareness of the impact of their everyday decision making on the results of the organisation

Course Objectives

  • See how finance impacts on their whole business
  • Read and interpret their statutory accounts that include balance sheets and profit and loss accounts
  • Use balance sheet information to make better business decisions
  • Understand the difference between profit and cash flow
  • Use management ratios to analyse and improve business performance
  • Produce financial reports that can make a real difference to the running of their profit centre
  • Make costing and pricing decisions
  • Improve credit control and working capital issues
  • Communicate more effectively with their finance department
  • Control their own department more effectively

Who Should Attend

• Managers with a non financial expertise
• Decision-makers who lack formal financial training
• Leaders looking to make better presentations to their CEOs, CFOs or board members.
• Strategy and Planning
• Operations
• Procurement / Supply Chain
• Sales / Marketing
• Human resources
• Engineering / Technology
• Research, IT & Design

Day 1

Module 1: The role of accounting in business

  • The need for accounting information
  • Users of accounting information
  • Financial accounting and management accounting
  • Why do business managers have to understand accounting reports    
  • The Accounting equation
  • Double entry
  • Credits vs Debits

Module 2: Preparing the Trial Balance

  • Preparing the Ledger
  • Preparing General Journal Entries
  • Work group/ practical case study: preparation of accounts using double entry and check of balance by using the trial balance.

Module 3: Understanding Financial Statements

  • Financial Statements from the accounting equation
  • Assets, liabilities and Equity
  • Profit and Loss Statement (Income Statement)
  • Balance Sheet
  • Cash Flow Statement
  • Importance of good credit control
  • Work group/case sutdy: How to read and understand financial information

Module 4: Monitoring financial performance

  • Analysis and interpretation of financial statements
  • Apply ratio analysis and percentage of financial statements
  • Using ratios to improve performance
  • Advantages and limitations of ratio analysis
  • Why organisations fail
  • Monitoring and taking prompt action
  • Case study – analysis of financial statements and performance and comment of findings

 

Day 2

Module 5: Cash flow

  • The role of cash in business
  • Management of working capital
  • Profit v. Cash
  • Direct and indirect approaches to cash flow
  • Preparing a cash flow statement

Module 6: Budget planning

  • Budget and budgeting cycle
  • The budgeting process
  • Cash flow projections
  • Preparing a cash budget
  • The importance of working capital
  • Case study – preparing a cash budget

Module 7: The Budget Preparation process

  • ‘What If?’ Analysis
  • Budget Creation: Steps. Using a full Case Study to complete
  • Sales Budget
  • Production Budget
  • Direct Materials
  • Direct Labour

Module 8: The Budget Preparation process continued

  • Indirect Costs
  • Unit Cost
  • Closing inventory balance
  • Cost of goods sold
  • Accounts receivable
  • Accounts payable
For the full outline of the program kindly contact us at info@rembellgroup.com
In-House Training
If you have group of people with similar needs and you are looking for more cost – effective approach, Rembell Group will bring this course directly to your workplace. Further, this course can be customized to fit specific requirements and needs of your organization. For more information on this kindly contact us at: iht@rembellgroup.com
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