Finance for Non-Financial Professionals

understand finance is one important step to play an active role in helping their organization achieve its objectives

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In today’s business environment, professionals need practical, working knowledge of corporate finance to make sound business decisions.

The Finance for Non-Finance Managers program is specifically designed for business owners and professionals with little or no accounting/financial, or technical knowledge who need to understand the fundamentals of financial management and the tools and techniques used to make financial decisions in the corporate context.

The program is specifically built to develop professionals’ ability to read and analyze financial statements and differentiate between the costs that could affect decision-making. It will help them prepare budgets and forecasts for operations and develop models that answer short-run ‘what-if’ questions.

Certification

Certificate of completion

Format

on Campus

Duration

4 weeks, 25 hours

Key Benefits

  • Understand the fundamentals of corporate finance and financial accounting 
  • Explain the different types of financial accounts
  • Classify the main areas of financial ratio analysis
  • Identify the main variables affecting the cost structures in the corporate contextual framework
  • Recognize the difference between fixed and variable costs, and the impact of volume on costing and pricing calculations
  • Demonstrate the underlying duality of risk and required return
  • Recognize the different financing options and their relevant risks and costs
  • Discuss the role of financial planning in enhancing business efficiency
  • Develop organizational plans to derive growth based on reliable and valid financial tools and techniques
  • Enhance financial knowledge to build a coherent culture aiming to achieve financial objectives

Who should attend?​

This program is designed for senior managers and unit directors from non-finance-based functions, such as engineering, marketing, sales, planning, design, logistics, manufacturing, and IT. Participants should have at least five years of work experience.

Course Outline

  • Major financial statements and accounting premises
  • Comprehensive financial analysis
  • Different types of ratios and their various uses as well as limitations
  • Forecasting and Budgeting Preparation
  • Proforma Financial Statements and projected cash flows
  • Nature of the LT financing decision
  • Different sources of LT funds and respective costs
  • The overall weighted cost of capital “WACC”
  • Determination of relevant cash flows in LT investments
  • Capital budgeting techniques for different investment settings
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