Finance for Non-Finance Professionals Training in Dubai , UAE
Course Code : FBA147 - Course Address : Manzil Downtown Hotel - Course Fees : 4750 GBP + 05% VAT
|City||Start Date||End Date||View|
|Dubai , UAE||10 - 12 - 2023||14 - 12 - 2023||
|Dubai , UAE||17 - 12 - 2023||21 - 12 - 2023||
|Dubai , UAE||7 - 1 - 2024||11 - 1 - 2024||
|Dubai , UAE||11 - 2 - 2024||15 - 2 - 2024||
|Dubai , UAE||25 - 2 - 2024||29 - 2 - 2024||
|Dubai , UAE||24 - 3 - 2024||28 - 3 - 2024||
|Dubai , UAE||14 - 4 - 2024||18 - 4 - 2024||
|Dubai , UAE||28 - 4 - 2024||2 - 5 - 2024||
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.
- 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.
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
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
- 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
- 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
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
Where will the course be held?
The course will be held in Downtown. The exact address and directions will be provided to all enrolled participants prior to the start of the course.
What topics will be covered in the course?
The course will cover a range of topics related to the subject matter, including but not limited to the topics of outlines. By the end of the course, you'll have a solid understanding of the key concepts and techniques in the field, and be able to apply them to real-world situations. Detailed course outlines and learning objectives will be provided to all enrolled students prior to the start of the course.
What is the schedule for the course?
The course is expected to run for 3 hours daily. The exact schedule and timing will be confirmed and communicated to all enrolled students via email at least 2 days prior to the course start date.
What do I need to bring to the course?
All you need to bring is yourself, a notepad or laptop for taking notes, and a willingness to learn! We'll provide pens, paper, and any required textbooks or handouts.
What is the instructor's background and experience?
Our instructors are seasoned industry professionals with over 10 years of experience in the field. They hold a master's degree in the subject matter and have a proven track record of success working with trainees of all levels. You'll have plenty of opportunities to ask questions and get feedback throughout the course.
What are the T&C for this course?
Please visit our Terms and Conditions page
What kind of certificate will I receive upon completion of the course?
Upon completion of the course, you will receive an attendance certificate indicating that you have completed the course. This certificate is not accredited or recognised by any particular institution or organisation, but it can be used to demonstrate your commitment to continuing education and professional development.