In today’s business environment, professionals need practical, working knowledge of corporate finance to make sound business decisions.
The Finance for Non-Finance Managers program is specifically designed for business owners and professionals with little or no accounting/financial, or technical knowledge who need to understand the fundamentals of financial management and the tools and techniques used to make financial decisions in the corporate context.
The program is specifically built to develop professionals’ ability to read and analyze financial statements and differentiate between the costs that could affect decision-making. It will help them prepare budgets and forecasts for operations and develop models that answer short-run 'what-if' questions
Understand the fundamentals of corporate finance and financial accounting.
Explain the different types of financial accounts.
Classify the main areas of financial ratio analysis.
Identify the main variables affecting the cost structures in the corporate contextual framework.
Recognize the difference between fixed and variable costs, and the impact of volume on costing and pricing calculations.
Demonstrate the underlying duality of risk and required return.
Recognize the different financing options and their relevant risks and costs Discuss the role of financial planning in enhancing business efficiency.
Develop organizational plans to derive growth based on reliable and valid financial tools and techniques.
Enhance financial knowledge to build a coherent culture aiming to achieve financial objectives.
Cost behavior
and cost objects
Actual and
normal costs
Standard costs
Absorption
(full) costing
Variable
(direct) costing
Joint and
by-product costing
Break Even
Point Analysis
Cost accounting
and Business Decision
Just-in time
manufacturing
Material
requirements planning (MRP)
Theory of
constraints and throughput costing
Capacity
management and analysis
Value chain
analysis
Value-added
concepts
Process
analysis
Benchmarking
Activity-based
management
Continuous
improvement concepts
Best practice
analysis
Cost of quality
analysis
Regression
analysis
Learning curve
analysis
Exponential
smoothing
Time series
analysis
Expected value
Sales budget
Production budget
Direct material budget
Direct labor budget
Manufacturing overhead budget
Ending Finished goods inventory budget
Cost of goods sold (COGS) budget
Non-manufacturing budget
Pro forma income statement budget
Capital budget
Cash budget
Pro forma
balance sheet budget
Pro forma
statement of cash flow budget
Cost and Variance Measures
Ratio Analysis
This program is designed for senior managers and unit directors from non-finance-based functions, such as:
Engineering
Marketing
Sales, planning
Design
Logistics
Manufacturing
IT
Participants should have at least five years of work experience
