Finance for Non-Finance Professionals: 2-Day Workshop

Finance for Non-Finance Professionals: 2-Day Workshop

by Business Umbrella

2,420 AED

(VAT inclusive)

Finance for Non-Finance Professionals: 2-Day Workshop

2,420.00 AED

(VAT inclusive)

by:
when:
Flexible Dates
(see timings & price options)
where:
Abu Dhabi - At Your Premise
Validity Period: All sessions are valid for 90 days upon booking
Best price guarantee
Description:

Understanding key financial concepts is an essential skill in any workplace. Whether you are a manager, an entrepreneur, or any employee involved in business operations, this workshop will help you make informed decisions that will be profitable for your organization.

This 16-hour finance for non-finance professionals workshop is designed for those who seek to understand key finance and accounting concepts starting with the basics and all the way to understanding more advanced topics. It will teach you how to analyze and work on income statements, balance sheets, and cash flow, making you more well-versed in financial jargon.

The instruction adopts the interactive, activity-based workshop methodology, which aims at identifying the needs of participants through case studies, real-life scenarios, and open discussions. This method is utilized to facilitate a better learning experience and ensure high involvement among participants. Classes are delivered in small groups but can also be given as 1-on-1 depending on the instructor and participant’s availability.

Workshop Objective:
The goal of the workshop is for each participant, whether a front-line worker, a manager, or an executive, to grasp essential financial concepts and tools such as:

  • Fixed versus variable costs
  • The impact of inventory build-up
  • The need to control working capital
  • Standard measures (operating income, net income, ROA)
  • Your company’s specific financial measures
  • The differences between cash flow and profit
  • Cost structure, and its importance for pricing and planning
  • Key ratios like leverage and profitability and Return on Assets (ROA)
  • Where information comes from for good decisions

Workshop Agenda:

  • The Why & How of Numbers
  • Revenue & Expenditure
  • Income Statement – Deep Dive
  • Balance Sheet – Deep Dive
  • Cashflow Statement – Deep Dive
  • Finance Statement Analysis – Ratio Analysis
  • Introduction to Budgeting
  • Investment Appraisal & Project Evaluation Techniques

About the Trainer:
Muhammad Yasir Charkala is an experienced VAT professional and consultant with 13 years of taxation experience. He has served the Gulf region for 7 years and worked with more than 50 companies including multinationals and local groups like PWC and EY. Yasir has been conducting finance audit and tax-related training across UAE and GCC, both for finance and non-finance professionals, as well as senior management for strategic decision-making.

Detailed Course Outline:

[Readmore]

  • The Why & How of Numbers
    • Demystifying the most commonly used finance/accounting terms including
    • Are there any financial regulations that govern the world of accounting & finance?
    • Different methods of accounting i.e. Cash vs Accrual basis
    • Introduction to the Financial Statements containing Income Statement, Balance Sheet, Cashflow Statement, Statement of Changes in Equity
    • The relationship and flow of data among all Financial Statements
  • Revenue & Expenditure
    • What is included in Revenue and what is excluded from it
    • Cash vs Revenue; why these are not the same
    • Different types of expenditure used in recording financial transactions
    • What is the Cost of Goods Sold – Why this is important and how it affects the profitability
  • Income Statement – Deep Dive
    • A detailed review of Income Statement and its line items
    • Understanding the key terminology used in the Income Statement
    • What are different types of profits i.e. Gross Profit, Operating Profit, Net Profit
    • What are EBIT and EBITDA and its significance
    • What are the extraordinary items and how they are viewed while analyzing the Income Statement
  • Balance Sheet – Deep Dive
    • Key terms used in Balance Sheet i.e. Assets, Liabilities and Equity
    • Understanding the nature of Assets and their classification in Current and Non-Current assets
    • What are intangible assets and how we record them in the balance sheet
    • Understanding Depreciation & Amortization
    • How to classify the Current & Non-current liabilities
    • What is included in Equity, Retained Earnings, and Reserves?
  • Cashflow Statement – Deep Dive
    • Understanding the structure of Cashflow Statement
    • What are the different classification of Cashflows according to the following: Operating Activities, Investing Activities, Financing Activities
    • Establishing the link between cash flow from the above 3 activities and how the business can relate to the financing sources with the help of cash flows from different activities
    • Case Study: Analyze the company’s operating performance using the cashflow analysis
  • Finance Statement Analysis – Ratio Analysis
    • What is the objective of Financial Analysis
    • What are the different types of financial ratios?
    • How to calculate and interpret different types of financial ratios including Profitability ratios, Liquidity Ratios, Solvency Ratios, Investor Ratios
    • Are ratios half the picture?
    • How to use ratios to analyze a company’s financial health
    • Case Study: Detailed Financial Ratio Analysis of a large organization
  • Introduction to Budgeting
    • How can financial budgets play a vital role in managing the business?
    • What is the budget cycle?
    • Long run budget vs short run budgets
    • Different budgeting methodologies including static budget, flexible budget, zero-based budgets etc.
    • Case Study: Preparing the annual budget plan for a 5 years old company
  • Investment Appraisal & Project Evaluation Techniques
    • Demystifying the Time Value of Money Concept
    • Using time value of money concept calculate the discounted cash flows
    • How to segregate between relevant and irrelevant cashflows when analyzing the new project
    • Introduction to various investment appraisal techniques including Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Method
    • How to make project decision regarding accepting or rejecting a new project
    • Case Study: Appraising an expansion plan for a new product

Materials:

All materials will be provided

Validity Period:

All sessions are valid for 90 days upon booking

Age Requirements:

18 and older

Additional Info:

* Corporate training can also be arranged for a maximum of 20 persons. To book, kindly contact us at 8003337
* Participants will receive a certificate upon successful completion of the workshop. (KHDA attestation can be arranged for AED 120)

Location:

At Your Premise
At your home/office or any preferred location in
Abu Dhabi

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Each session takes 16 hours

After booking this class you will be contacted by the instructor to set your schedule as per your availability.

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