A manager’s performance is measured by how effectively they oversee departmental budgets. To succeed as a non-financial manager, knowledge of basic financial principles and the budgeting process is critical.
This 3-day course transforms financial and accounting concepts into decision-making tools you can use successfully every day. You will learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities.
You will understand the terminology used by accounts and finance staff and will feel more confident when involved with them. The course will help you do your job better and help prepare you for senior management, where financial awareness is crucial.
- Integrate financial concepts and policies into the management decision and budgeting process
- Evaluate the meaning of profit and loss accounts and balance sheets
- Use ratio analysis and interpretation of key performance indicators
- Understand terminology such as ‘gearing’ and ‘return on capital employed’
- Employ cash flow analysis to assess business status
- Calculate the cost of business activities and price effectively
- Use tools such as break-even analysis
- Manage working capital
- Control business operations through effective budget management
- Importance of finance
- Financial jargon.
- Accounting principles
- Accountability and responsibility for financial information
- Understanding the profit and loss account
- Profit, operating and capital expense items
- Measuring profit and business success analyzing the balance sheet
- Evaluating the worth of an established business
- Fixed and current assets and liabilities
- Linking the profit and loss account to the balance sheet
- Shareholder equity
- Cash flow
- Cash flow, profit, and net worth
- Connecting cash management to line management
- Maximizing benefits and minimizing costs
- Generating unique information from cash flow statements
Who should attend this course?
Non-financial managers and anyone who wants to develop their knowledge of financial practices to improve their managerial skills. Delegates should, ideally, have 3-5 years of business experience, have budget responsibility and be involved with those who hold financial control in their organizations. Working knowledge of Microsoft Excel is essential.
About the Course Instructor:
Clive has worked within the GCC for 24+ years over this span he has worked with multi-national, local companies and several government bodies as well as writing and delivering papers at the 3rd and 4th Middle East quality conferences. He has also had his work featured in The Chartered Banker magazine. He has been active in all aspects of Finance and Management for over 40 years and is the Managing Director of a highly respected UK personal development company. His clear communication style helps to make what can be very complex issues, simple and understandable with actionable ideas and recommendations.
Clive has developed and delivered a series of training programs across the Gulf region always giving the best results for his clients. With the tools he has developed along the way, he has a wealth of knowledge and case studies to support his training courses. His innovative thinking and techniques make him one of our most in-demand trainers in the GCC.
- Students are recommended to bring their own laptops
48 hours prior to course start with full refund
18 and older
- Certificate of attendance will be provided by the institute after course completion
TIME Oak Hotel & Suites - Abdulla Omran Tayram St.
Al Thanyah 1
Barsha Heights - TECOM