Advance Finance for Non-Finance Professional

This training course carefully aims to help participants better understand the basic concepts and accounting standards of financial statements. It will help supervisors, managers, and executives to comprehend the most important terminologies applied and tools used in financial reports.

Participants will be able to:

• Understand the fundamental concepts and accounting standards of financial statements
• Define most important terminologies and concepts used in financial reports
• Apply financial analysis tools to understand and interpret financial statement
• Provide integrated systems of financial management and the accounting systems
• Apply capital budgeting strategies and cost-volume-profit analysis to enhance decision-making
• Detailed analysis of the financial performance and financial plans preparations to reach accurate results
• Provide a right basic for future financial planning to make the critical financial and investment decisions

It depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audio-visual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.

All non-financial officials whom their work require familiarity with financial management aspects of accounting systems, and financial analysis, planning and budgets at various organizations

The Accounting System

• Accounting system elements
• Accounts groups' classification according to accounting system
• Public accounts, personal and sub- accounts
• Regulatory accounts and cost accounts
• Accounting principles
• Stability and continuity
• Revenue realization
• Conservatism
• Transparency and disclosure
• Importance of proportionality
• Revenue expenses and capital expenses
• Resources and utilities
• Fixed assets depreciation & intangible assets quenching
• Expenses and offered & accrued revenues
• The accounting cycle
• Financial statements format
• Financial statements format manipulation
• Effect on the results through accounting policies

Financial Analysis and Financial Risks

• Financial analysis principles
• Financial analysis methods for financial statements
• Financial analysis proportions
• General strategic analysis
• Cash flows Analysis
• Balance point analysis
• Capital & interaction analysis and inventory management
• Financial risks from the financial analysis

Financial Planning

• Financial policies elements: Profitability, liquidity, and security
• Planning of the optimal financing structure
• Indicators and proportions as a tool of financial planning
• Study of funding sources costs
• Invested capital costs
• Inventory cost
• Cost of bank funding, commercial funding, and automatic funding
• Operational cycle & cash cycle
• Time Value of Money
• The role of time value in finance
• Future Value
• Nominal vs. effective interest rate

Capital Budgeting: An Attitude for Financial Planning

• Budgets types
• Income budgets and balance sheet
• Capital budget
• Cost of Capital
• Basic Concepts and definition
• Cost of Debt
• Weighted Average Capital Cost (WACC)

Certificate of completion will be delivered to attendees, Available in digital and print formats.