Finance for Non Finance – Practical Workshop
This 3 day finance for non finance practical workshop features Fully-interactive techniques to master the theoretical core financial topics.
The course also features game-play that are stimulates learning for participants and will give participants an appreciation of the finance function and where budgeting fits in.
During this successful program “Practical Finance for non-finance Managers” Leaders and managers with no or little financial training or experience can learn to use the language, tools & techniques of finance. They will be able to return to your organization with confidence to analyze financial information, estimating and budgeting and participate fully in making a business decision.
Real-life case studies and group exercises will be used to apply knowledge acquired throughout the course.
Finance for Non Finance Objectives
- Prepare budgets, targets, and forecasts
- Integrate planning of cash flow, sales, costs and profits
- Partner with customers and suppliers
- Optimize the way sales and purchases are structured
- Prepare operating reports and financial reports
- Target profit opportunities
- Prioritize and control costs
- Reduce inventories and working capital
- Use bench-marking to improve the bottom line
- Improve working relationships with others in the organization
The workshop presents key financial tools and concepts:
- Management uses of basic financial statements
- Why market conditions dominate business decisions
- The need to manage separately for cash and profit
- Fixed and variable costs
- The value of budgets and cash flow forecasts
- The impact of inventory build-up
- The need to control working capital
- Break-even analysis
- Unit cost analysis
- Income Statement analysis
- ROA, ROI, and other metrics for management
- Financial metrics used by your company
Board Game Methodology
The Board Game Method
Participants play all the major roles in an operating company – production, R&D, sales and marketing, management, and finance – so they will get first-hand experience with:
- Team decision-making in each area
- Generating financial statements
- Preparing budgets and forecasting cash flow
- Calculating basic ratios
- Comparing operating income and ratios to that of competitors
- Implementing change and measuring results
- Using ratios and other measurements to identify the ‘buttons’ which drive company performance and behavior
- Taking initiative in everyday activities leading to reductions in costs, inventories, and working capital
- Working creatively with customers and suppliers
- Interpreting operating reports and financial reports
- Prioritizing and controlling costs
- Targeting profit opportunities
- Using historical and competitive bench-marking to improve your bottom line
- How to better serve internal and external customers
- Seeing how actions impact other areas of the company
Why SMG?
Established in the UAE since 2006 and tier 1 training partner to key prestigious government and corporate clients in the GCC.
- KHDA Accredited Training Provider
- Our Finance for non finance manager workshops are delivered by subject matter experts and packed with Interactive group
exercises and discussions to ensure you fully understand the concepts not just memorize them - The guarantee that we don’t compromise on quality; ensuring your decision to invest in your education is sound.
