/  Finance for Non-Finance Professionals Training

Finance for Non-Finance Professionals Training

BMC Training provides a training course in Finance for Non-Finance Professionals in Finance , Accounting and Budgeting

Course Title
Venue
Start Date
End Date
  • Dubai
    13 - 12 - 2021
    17 - 12 - 2021
  • Paris
    13 - 12 - 2021
    17 - 12 - 2021
  • Kuala Lumpur
    19 - 12 - 2021
    23 - 12 - 2021
  • Rome
    19 - 12 - 2021
    23 - 12 - 2021
  • Barcelona
    19 - 12 - 2021
    23 - 12 - 2021
  • Zurich
    19 - 12 - 2021
    23 - 12 - 2021
  • London
    26 - 12 - 2021
    30 - 12 - 2021
  • Madrid
    26 - 12 - 2021
    30 - 12 - 2021
  • Berlin
    26 - 12 - 2021
    30 - 12 - 2021
  • Dubai
    12 - 12 - 2021
    16 - 12 - 2021
  • Paris
    12 - 12 - 2021
    16 - 12 - 2021
  • Istanbul
    13 - 12 - 2021
    17 - 12 - 2021
  • Dubai
    19 - 12 - 2021
    23 - 12 - 2021
  • Paris
    19 - 12 - 2021
    23 - 12 - 2021
  • Dubai
    19 - 12 - 2021
    23 - 12 - 2021
  • Paris
    19 - 12 - 2021
    23 - 12 - 2021
  • London
    23 - 1 - 2022
    27 - 1 - 2022
  • Madrid
    23 - 1 - 2022
    27 - 1 - 2022
  • Berlin
    23 - 1 - 2022
    27 - 1 - 2022
  • Istanbul
    16 - 1 - 2022
    20 - 1 - 2022
  • Kuala Lumpur
    9 - 1 - 2022
    13 - 1 - 2022
  • Rome
    9 - 1 - 2022
    13 - 1 - 2022
  • Barcelona
    9 - 1 - 2022
    13 - 1 - 2022
  • Zurich
    9 - 1 - 2022
    13 - 1 - 2022
  • Dubai
    2 - 1 - 2022
    6 - 1 - 2022
  • Paris
    2 - 1 - 2022
    6 - 1 - 2022
  • Kuala Lumpur
    27 - 2 - 2022
    3 - 3 - 2022
  • Rome
    27 - 2 - 2022
    3 - 3 - 2022
  • Barcelona
    27 - 2 - 2022
    3 - 3 - 2022
  • Zurich
    27 - 2 - 2022
    3 - 3 - 2022
  • London
    20 - 2 - 2022
    24 - 2 - 2022
  • Madrid
    20 - 2 - 2022
    24 - 2 - 2022
  • Berlin
    20 - 2 - 2022
    24 - 2 - 2022
  • Dubai
    13 - 2 - 2022
    17 - 2 - 2022
  • Paris
    13 - 2 - 2022
    17 - 2 - 2022
  • Istanbul
    6 - 2 - 2022
    10 - 2 - 2022
  • Dubai
    27 - 2 - 2022
    3 - 3 - 2022
  • Paris
    27 - 2 - 2022
    3 - 3 - 2022
  • Dubai
    27 - 2 - 2022
    3 - 3 - 2022
  • Paris
    27 - 2 - 2022
    3 - 3 - 2022
  • London
    20 - 3 - 2022
    24 - 3 - 2022
  • Madrid
    20 - 3 - 2022
    24 - 3 - 2022
  • Berlin
    20 - 3 - 2022
    24 - 3 - 2022
  • Istanbul
    13 - 3 - 2022
    17 - 3 - 2022
  • Kuala Lumpur
    6 - 3 - 2022
    10 - 3 - 2022
  • Rome
    6 - 3 - 2022
    10 - 3 - 2022
  • Barcelona
    6 - 3 - 2022
    10 - 3 - 2022
  • Zurich
    6 - 3 - 2022
    10 - 3 - 2022
  • Dubai
    27 - 3 - 2022
    31 - 3 - 2022
  • Paris
    27 - 3 - 2022
    31 - 3 - 2022
  • Kuala Lumpur
    24 - 4 - 2022
    28 - 4 - 2022
  • Rome
    24 - 4 - 2022
    28 - 4 - 2022
  • Barcelona
    24 - 4 - 2022
    28 - 4 - 2022
  • Zurich
    24 - 4 - 2022
    28 - 4 - 2022
  • London
    3 - 4 - 2022
    7 - 4 - 2022
  • Madrid
    3 - 4 - 2022
    7 - 4 - 2022
  • Berlin
    3 - 4 - 2022
    7 - 4 - 2022
  • Dubai
    10 - 4 - 2022
    14 - 4 - 2022
  • Paris
    10 - 4 - 2022
    14 - 4 - 2022
  • Istanbul
    17 - 4 - 2022
    21 - 4 - 2022
  • Dubai
    24 - 4 - 2022
    28 - 4 - 2022
  • Paris
    24 - 4 - 2022
    28 - 4 - 2022
  • Dubai
    24 - 4 - 2022
    28 - 4 - 2022
  • Paris
    24 - 4 - 2022
    28 - 4 - 2022
  • London
    8 - 5 - 2022
    12 - 5 - 2022
  • Madrid
    8 - 5 - 2022
    12 - 5 - 2022
  • Berlin
    8 - 5 - 2022
    12 - 5 - 2022
  • Istanbul
    1 - 5 - 2022
    5 - 5 - 2022
  • Kuala Lumpur
    15 - 5 - 2022
    19 - 5 - 2022
  • Rome
    15 - 5 - 2022
    19 - 5 - 2022
  • Barcelona
    15 - 5 - 2022
    19 - 5 - 2022
  • Zurich
    15 - 5 - 2022
    19 - 5 - 2022
  • Dubai
    22 - 5 - 2022
    26 - 5 - 2022
  • Paris
    22 - 5 - 2022
    26 - 5 - 2022
  • Kuala Lumpur
    12 - 6 - 2022
    16 - 6 - 2022
  • Rome
    12 - 6 - 2022
    16 - 6 - 2022
  • Barcelona
    12 - 6 - 2022
    16 - 6 - 2022
  • Zurich
    12 - 6 - 2022
    16 - 6 - 2022
  • London
    19 - 6 - 2022
    23 - 6 - 2022
  • Madrid
    19 - 6 - 2022
    23 - 6 - 2022
  • Berlin
    19 - 6 - 2022
    23 - 6 - 2022
  • Dubai
    26 - 6 - 2022
    30 - 6 - 2022
  • Paris
    26 - 6 - 2022
    30 - 6 - 2022
  • Istanbul
    5 - 6 - 2022
    9 - 6 - 2022
  • Dubai
    12 - 6 - 2022
    16 - 6 - 2022
  • Paris
    12 - 6 - 2022
    16 - 6 - 2022
  • Dubai
    12 - 6 - 2022
    16 - 6 - 2022
  • Paris
    12 - 6 - 2022
    16 - 6 - 2022
  • London
    3 - 7 - 2022
    7 - 7 - 2022
  • Madrid
    3 - 7 - 2022
    7 - 7 - 2022
  • Berlin
    3 - 7 - 2022
    7 - 7 - 2022
  • Istanbul
    10 - 7 - 2022
    14 - 7 - 2022
  • Istanbul
    17 - 7 - 2022
    21 - 7 - 2022
  • Dubai
    24 - 7 - 2022
    28 - 7 - 2022
  • Paris
    24 - 7 - 2022
    28 - 7 - 2022
  • Kuala Lumpur
    7 - 8 - 2022
    11 - 8 - 2022
  • Rome
    7 - 8 - 2022
    11 - 8 - 2022
  • Barcelona
    7 - 8 - 2022
    11 - 8 - 2022
  • Zurich
    7 - 8 - 2022
    11 - 8 - 2022
  • London
    14 - 8 - 2022
    18 - 8 - 2022
  • Madrid
    14 - 8 - 2022
    18 - 8 - 2022
  • Berlin
    14 - 8 - 2022
    18 - 8 - 2022
  • Dubai
    21 - 8 - 2022
    25 - 8 - 2022
  • Paris
    21 - 8 - 2022
    25 - 8 - 2022
  • Istanbul
    28 - 8 - 2022
    1 - 9 - 2022
  • Dubai
    7 - 8 - 2022
    11 - 8 - 2022
  • Paris
    7 - 8 - 2022
    11 - 8 - 2022
  • Dubai
    7 - 8 - 2022
    11 - 8 - 2022
  • Paris
    7 - 8 - 2022
    11 - 8 - 2022
  • London
    25 - 9 - 2022
    29 - 9 - 2022
  • Madrid
    25 - 9 - 2022
    29 - 9 - 2022
  • Berlin
    25 - 9 - 2022
    29 - 9 - 2022
  • Istanbul
    4 - 9 - 2022
    8 - 9 - 2022
  • Kuala Lumpur
    11 - 9 - 2022
    15 - 9 - 2022
  • Rome
    11 - 9 - 2022
    15 - 9 - 2022
  • Barcelona
    11 - 9 - 2022
    15 - 9 - 2022
  • Zurich
    11 - 9 - 2022
    15 - 9 - 2022
  • Dubai
    18 - 9 - 2022
    22 - 9 - 2022
  • Paris
    18 - 9 - 2022
    22 - 9 - 2022
  • Dubai
    2 - 10 - 2022
    6 - 10 - 2022
  • Paris
    2 - 10 - 2022
    6 - 10 - 2022

Introduction

Business professionals and managers in any organization rely upon financial information to enable them to effectively undertake their roles. Financial information can provide a clear picture of events that have occurred, and a sound basis for forecasting future events. It can also show whether activities are cost-effective, whether targets have been met, and can be used to measure comparative performance and profitability.

It is vitally important that managers are able to understand, interpret, and utilize financial information and reports, and can acquire the knowledge and skills to apply financial techniques to financial data, to inform logical and worthwhile decision-making.

The key elements of the course will be:

  • The role of the Finance Function, in transaction recording and reporting, management control and decision-making, raising finance, internal control and risk management.
  • The basic principles of financial accounting and reporting, the three main financial statements, and how they are prepared and presented.
  • Review and analysis of published financial reports, and how they are perceived by various stakeholder groups.
  • Management accounting procedures and techniques used in organizations to control operations and inform profitable decision-making.
  • The importance of Treasury management for large multi-national organizations, and examples of how these can be used to control and manage risk.

Objectives

  • Explain the purpose of the three key financial statements ‘Income Statement, Statement of Financial Position, and Cash Flow Statement’.
  • Evaluate the performance and position of an organization by analyzing their Annual Financial Report.
  • Apply the management accounting procedures & techniques of ‘product costing, cost-volume-profit analysis, budgeting, & variance analysis.
  • Apply a range of investment appraisal techniques to determine whether proposed investments are likely to be worthwhile.
  • Demonstrate a range of methods, tools and techniques available to manage financial risks in multinational organizations.

Contents

Day One

Business Organizations, Sources of Finance, the Finance Function

  • The development of business organizations
  • The role of Finance and the Finance Function
  • Sources and types of finance for business organizations

Teamwork exercise: preparing a business plan to present to potential investors

  • The structure of the financial accounting system
  • The Income Statement and Statement of Financial Position

Teamwork exercise:  Financial accounting and reporting case study

Day Two

The Annual Financial Report

  • The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
  • The financial and non-financial elements of the AFR

Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders

  • The difference between cash flow and profit

Teamwork exercise: Preparing and presenting a Cash Flow Statement

  • How to analyse and interpret the AFR

Teamwork exercise and presentation: Assessing a company’s performance and position by analyzing their AFR

Day Three

Management Accounting

  • Understanding the difference between management accounting and financial accounting
  • Calculating the cost of our products and the problem of overheads (indirect costs)
  • Overhead apportionment – absorption costing versus Activity Based Costing

Teamwork exercise: Preparing cost estimates for a contract bid

  • Cost-Volume-Profit and break-even analysis
  • Budgeting – objectives and process

Teamwork exercise: preparing next year’s budgets for a manufacturing business

  • Analysing the differences between budget and actual, using Variance Analysis

Day Four

Investment Appraisal

  • The time value of money – future values and present values, perpetuities and growth

Group discussion: Identifying new investment opportunities for your business: 

Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback

  • The cost of capital - Equity and Debt

Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)

Teamwork exercise: Advanced appraisal methods – Net Present Value (NPV) and Internal Rate of Return (IRR):

  • Dealing with capital rationing using the Profitability Index method
  • Dealing with forecasting uncertainty using Sensitivity Analysis

Teamwork exercise: Comprehensive investment appraisal mini-case

Day Five

Treasury and Risk Management

  • Interest rate risk

Group discussion: The role of Treasury

  • Managing interest rate risk using options and swaps

Teamwork exercise: Devising an effective interest rate swap

  • Foreign currency risk
  • Managing foreign currency risk using natural techniques
  • Managing foreign currency risk using transactional techniques

Teamwork exercise: Hedging the risks of a foreign currency transaction

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