Training Course on Finance for Non-Finance Managers M G T- F N F M

Duration :4 days/ 16 hrs

Dates: June 30, July 1,2,3

14:00-18:00

Venue: 14th Floor World Business Centre, Samad Vurgun Street

Contacts: +994 12 597 48 05/06

               +994 55 478 63 30

               +99451 537 92 40

Who should attend?

Finance for Non-financial Managers course is for business owners and managers who need to communicate with department managers, accounting staff, participate in meetings, investors, funders and banks. It is ideal for anyone who has a basic knowledge already and understands the terminology but needs more financial awareness. Finance for Non-financial Managers Training Course is designed to provide non-financial managers with a greater understanding of the way finance affects their business performance. This course will enable managers to become strategic thinker and planner and help them become bigger players in corporate world.

Learning Outcome

By the end of the course, participants will be able to:

• Understand fundamental financial terminology and concepts
• Read and interpret financial statements
• Gauge the financial impact of operational decisions
• Understand the basis for evaluating investment decisions
• Integrate financial concepts and policies into the management decision and budgeting process
• Evaluate the meaning of income statements and balance sheets.
• Employ cash flow analysis to assess business status
• Calculate the cost of business activities
• Communicate effectively with financial executives and staff

Training Outline

Section 1 - Introduction to Financial Statements

• Importance of financial measures
• Financial accounting and management accounting
• Participants’ needs and wants from the course
• Introduction of the basics of accountancy

Section 2 - The Balance Sheet

• The key components of the Balance Sheet
• About Fixed Assets
• Current Assets – what they are, and how to improve
• Current Liabilities – what they are
• The vital importance of Working Capital management
• About Gearing

Section 3 - The Income and Expenditure Account (or Profit and Loss Account)

• The key components of the P&L Account
• Why Profit is so important, and how it links to the Balance Sheet
• Understanding Ratios
• Understanding the TRUE cost of sales
• Managing the Gross Profit Margin
• How managers worsen, or improve, the Gross Profit Margin
• Different types of costs
• Cash and non-cash expenses
• Understanding depreciation
• Why profit is an opinion and cash is a fact.
• How profit is different from cash

Section 4 - Using Ratios to benchmark Performance

• What are the key ratios

• What do they mean

• Using these ratios to benchmark our performance

Section 5 - Return on Capital Employed

• What is Return on Capital Employed?
• Elements of ROCE
• Comparison of ROCE
• Financial Analysis with ROCE

Section 6 - Budgeting

• The principles of Forecasting and Budgeting
• Revenue Budgets – what they are, how to use the 3 approaches to budgeting to motivate improved performance
• Capital Expenditure – understanding thetime value of money
• How to do a Cost-Benefit Analysis
• Where budgeting can go wrong, and how to avoid the principal problems

Training Fee: 550 AZN – Corporate Discounts are available for registering more than two delegates

Trainer’s Profile

Syed Ali brings to the classroom a wealth of experience working for a number of large organisations from banking, audit, telecom, manufacturing and oil and gas sector. He has been providing corporate trainings for over fifteen years. His anecdotal style and ability to relate the content of the course to real life make for a truly rich learning experience, a world away from the dreaded ‘Death by PowerPoint’ approach to training. Syed holds MBA in Finance, Masters Degree in Economics as well as advance diploma in management accounting by Chartered Institute of Management Accountants UK.

trainings@headstart-international.com