Financial Management for Non-Financial Professionals

Improving Your Management Potential with Finance Awareness

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5 Found
Date Duration Venue Fees
20-24 May 2024 5 Days Dubai - UAE US$4,450 Register
08-12 Jul 2024 5 Days London - UK US$5,450 Register
23-27 Sep 2024 5 Days Dubai - UAE US$4,450 Register
16-20 Dec 2024 5 Days Dubai - UAE US$4,450 Register

Course Overview

Business professionals need to understand the financial factors critical to business success. This 5-day interactive Financial Management for Non-Financial Professionals training course will show how finance works in today’s fast-moving business environment. For any business, the key elements of profitability, liquidity, and financial structure are critical to continuing success and competitiveness. So these three elements are comprehensively explored and developed at all levels of business activity.

The participants will understand about the accounting processes of recording and reporting business transactions and how these are summarised as periodic financial reports in accordance with statutory requirements. They will also learn how various user groups analyse these financial reports.

Furthermore, it has an inward focus and will explain why management accounting is essential to business survival and success. It will show how budgeting can control costs and improve profitability. It will explain and develop tools and techniques for evaluating proposed new investment projects. It will enable the participants to understand the business from both a financial and strategic perspective and how business decisions will impact corporate profitability.

Course Objectives

After the training course, the participants will learn to:

  • Explain the nature and role of financial statements and their interpretation
  • Understand the use of the language of accounting and finance to communicate effectively with financial professionals
  • Know the financial performance and financial position of an organisation using the appropriate financial ratio and break-even analysis techniques
  • Use budgetary control to compare actual against planned performance and to identify corrective actions
  • Assess investment projects using DCF and other appraisal methods

Target Audience

It is suitable for a wide range of working professionals, including (but not limited to) the following:

  • Sales and Marketing Executives
  • Supply-stream Professionals
  • Project Professionals
  • Internal Auditors
  • Planning Officers
  • Senior Professionals in Manufacturing, Marketing, Engineering
  • Human Resources Professionals
  • Legal Professionals
  • Executive Professionals who are involved with the development of long-term customers, suppliers, outsourcing partners, and other global strategic alliances
  • Consultants who work with professionals and executives to support improvements to operational and financial processes
  • Any Non-financial Professionals who are required to read, interpret, and contribute to business financial reports

Training Methodology

This training course will comprise a range of learning activities, including tutor presentations, question and answer opportunities, demonstration and practice of analytical techniques, group exercises and discussions, using case studies and current company and market information sources. Whilst the theoretical background to financial management will be explained and justified, the main emphasis will be on putting these into a real-world context by providing a practical ‘toolkit’ of financial techniques.

Course Outline

Day One

The Business Environment and the Role of Accounting

  • The Business Environment
  • The Uses and Purpose of Accounting
  • Users of Accounting and Financial Information
  • Accounting Terminology
  • The Dual Entry Accounting System
  • The Income Statement: Financial Performance
  • The Balance Sheet: Financial Position
  • Cash Flow vs Profit
  • The Cash Flow Statement: Where does the cash come from, and where does it go?
  • The Links between the Cash Flow Statement, Income Statement, and Balance Sheet
Day Two

The Financial Statements and Financial Analysis

  • Accounting Conventions and Accounting Standards (IFRS)
  • The Key Elements of Published Annual Financial Reports (AFR)
  • Techniques for Interpreting the Financial Statements: Common-Size Analysis and Ratio Analysis
  • Financial Statements Analysis
  • Cash Flow Ratios: A Different Perspective
  • Predicting Business Failure with Ratios and other Key Indicators
  • Publicly Available Sources of Corporate Financial Information
Day Three

Budgeting and Break-Even Analysis

  • Management Accounting: The Internal Perspective
  • The Importance of Cost Analysis: Materials, Labour, and Overheads
  • Understanding Overheads and How they should be treated in internal analysis and decision-making
  • Cost/Volume/Profit (CVP) Analysis and The Break-even Point
  • Using CVP Analysis to make Profitable Decisions
  • The Purpose and Importance of Budgeting
  • Preparing and Implementing Your Budget
  • Different Budgeting Models: Are they relevant for your business?
  • Is budgeting an effective management technique?
  • Issues of Risk, Uncertainty, Motivation and Asymmetric Behaviour
Day Four

Budgetary Control and Capital Investment Appraisal

  • Budgetary Control with Monthly Management Reports
  • Standard Costing and Variance Analysis
  • Case Study on Calculating and Interpreting Variances
  • Internal Growth Strategies: Types of Capital Investment
  • Basic Appraisal Techniques as a Filtering Process – ARR and Payback
  • Why should you consider the time value of money?
  • Discounted Cash Flow Appraisal Techniques: NPV and IRR
  • Practical Issues to Consider in NPV Appraisal: Inflation, Capital Rationing, Risk and Uncertainty
  • Investment Appraisal Exercises using Spreadsheets
Day Five

Financing the Business and Re-Organisation Strategies

  • Financing the Business: Why and When
  • Financing Principles, Short-term vs Long-term, Debt vs Equity
  • Sources and Types of Finance
  • Determining the Cost of Long-term Finance: The cost of Capital Models:
    • Cost of Equity (Ke) – Dividend Valuation Model
    • Cost of Equity (Ke) – Capital Asset Pricing Model
    • Cost of Debt (Kd)
    • Weighted Average Cost of Capital (WACC)
  • External Growth Strategies:
    • Mergers, Acquisitions, and Joint Ventures
  • Restructuring Strategies: Demergers, Spin-offs, Unbundling, MBO, MBI, BIMBO


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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