An Interactive 5-Day Training Course
Financial Management for Non-Financial Professionals
Improving your Management Potential with Finance Awareness
Course Overview
Business professionals need to understand the financial factors critical to business success. This interactive Financial Management for Non-Financial Professionals training seminar 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.
You will learn about the accounting processes of recording and reporting business transactions, and how these are summarised as periodic financial reports in accordance with statutory requirements. You will also learn how these financial reports are analysed by a variety of user groups.
This GLOMACS Financial Management for Non-Financial Professionals training seminar also 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. This training seminar will enable you to understand the business from both a financial and strategic perspective, and how business decisions will impact on corporate profitability.
Highlights of this training seminar:
- The strategic and operational role of the Finance Function
- The principles of accounting and financial reporting
- How to understand and analyse financial reports?
- How management accounting helps to maintain control and improve efficiency?
- How we can ensure that investment returns meet the stockholders expectations?
Training Objectives
Having completed this training seminar, you should be able to:
- Explain the nature and role of financial statements and their interpretation
- Use the language of accounting and finance to communicate effectively with financial professionals
- Review 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
- Evaluate investment projects using DCF and other appraisal methods
Who should Attend?
- Sales and Marketing Executives
- Supply-stream Professionals
- Project Professionals
- Internal Auditors
- Any Non-financial Professionals who are required to read, interpret, and contribute to business financial reports
- Senior Professionals of manufacturing, marketing, engineering
- Human Resources Professionals
- Legal Professionals
- Executive Professionals who are involved with 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
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: 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 the cash comes from and where it goes to?
- The Links between the Cash Flow Statement, Income Statement and Balance Sheet
DAY 2: 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 – Case Study
- Cash Flow Ratios – A different perspective
- Predicting Business Failure with Ratios and other Key Indicators
- Publicly Available Sources of Corporate Financial Information
DAY 3: 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 4: 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 you should 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 5: 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)
- Review of External Growth Strategies:
- Mergers, Acquisitions and Joint Ventures
- Review of Restructuring Strategies: Demergers, Spin-offs, Unbundling, MBO, MBI, BIMBO
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
Sessions in international locations
Online Sessions
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