Finance for Non-Finance Managers

AN ISM EXECUTIVE TRAINING COURSE

This course transforms financial and accounting language and concepts into decision-making tools that the non-financial manager can use on a daily basis.

Course Content
Successful managers must be able to communicate effectively with those who get things done and those controlling the financial aspects of the organisation. The aim of this very practical and participative course is to: Develop their financial understanding. Understand how their decisions affect their organisations financial performance. Improve their organisations financial performance. Communicate effectively with the financial executives and staff. Measure the financial performance and stability of a business. Appreciate the financial implications of decision making.

+971 4 457 3814

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Course Benefits:
A managers performance is measured by how effectively they oversee departmental budgets. To succeed as a non-financial manager, knowledge of basic financial principles and the budgeting process is critical. This course transforms financial and accounting concepts into decision-making tools you can use successfully every day. You learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities.

Benefits for you and your organisation :

To succeed as a nonfinancial manager, knowledge of basic financial principles and the budgeting process is critical. This course transforms financial and accounting concepts into decision-making tools you can use successfully every day.

To succeed as a non-financial manager knowledge of basic financial principles and the budgeting process is critical. You will learn how to:
Integrate financial concepts and policies into the management decision and budgeting process Evaluate the meaning of profit and loss accounts and balance sheets Use ratio analysis and interpretation of key performance indicators Understand terminology such as gearing and return on capital employed Employ cash flow analysis to assess business status Calculate the cost of business activities and price effectively Use tools such as break-even analysis Manage working capital Control business operations through effective budget management

You will learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities. You will understand the terminology used by accounts and finance staff, and will feel more confident when involved with them. The course will help you do your job better and help prepare you for senior management, where financial awareness is crucial. Your organisation will benefit because people will have more confidence. They will have a greater understanding of the financial performance of their own organisation, suppliers and competitors. This will result in more profit and/or better

+971 4 457 3814

+971 4 457 3999

info@ismdubai.com www.ismdubai.com

Course Content
The Importance of Finance Demystifying financial jargon Accounting Principles Accountability and responsibility for financial information Understanding the profit and loss account Differentiating profit, operating and capital expense items Measuring profit and business success Analysing the balance sheet Evaluating the worth of an established business Distinguishing between fixed and current assets and liabilities Depreciation and amortisation Linking the profit and loss account to the balance sheet Shareholder equity: What is it and why does it matter? Cash Flow Differentiating between cash flow, profit and net worth Connecting cash management to line management Credit and cash flowmaximising benefits and minimising costs How much cash is enough? Generating unique information from cash flow statements Depreciation and Amortisation How depreciation impacts your budget over time Methods for calculating depreciation Advantages and disadvantages of various key methods Impacting the management budget Where depreciation rules come from Costing The difference between absorption and marginal costing Activity-based costing (ABC) Costing as the basis for unit pricing Analysing costs to gain competitive advantage Budgeting
Managing effectively within budgeting constraints

Making the budget work for you Comparing budget approaches Types of budgets Developing the budget Budgeting as a planning and control tool Controlling and evaluating the business using the budget Budget process and coordination Forecasting sales revenues and expenses

To take away from the course:

Course handouts. Computer based financial analysis and forecasting tools.nancial performance of business activities.

Who this course is for:

Nonfinancial managers and anyone who wants to develop their knowledge of financial practices to improve their managerial skills. Delegates should, ideally, have 3-5 years business experience, have budget responsibility and be involved with those who hold financial control in their organisations. A working knowledge of Microsoft Excel is essential.

Training Methods
The programme is designed to enhance learning through group and individual cases and exercises. There are a number of opportunities to practice techniques and evaluate skill levels. In addition the course leaders specialist knowledge and guidance are available in all sessions. The programme will be supported with handouts and post course references. The design of each course will provide for each delegates preferred learning style and optimise experiential learning processes.

+9714 4457 4573814 3814 +971

+9714 4457 4573999 3999 +971

info@ismdubai.com www.ismdubai.com www.ismdubai.com info@ismdubai.com

All too often, a managers performance is measured by how effectively they oversee departmental budgets. Learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial viability of projects and transform financial and accounting concepts into decision-making tools. Course Leader: Bill Levell

Bill Levell is a principal consultant at the Chartered Institute of Marketing (the worlds largest professional body for marketers) where he specializes in Marketing, Sales, and Business Strategy. He is the longest serving Faculty Director having been there for over 30 years. His personal clients include Citibank, British Airways, Siemens and the UK Government who regard him as a vital channel in the development of their business strategy and practical implementation of their marketing and sales plans. Bills own corporate career began in front line sales and grew to take senior appointments at Management and Board level both as Marketing Director and then Managing Director of a UK listed 350m turnover company. His reputation is founded on a combination of very practical experience (spanning many markets and industries) and the ability to think outside of current business boundaries. He regularly assists with the development of creative opportunities for businesses and is regarded as an important catalyst in strategic management thinking. He is well known for his design and implementation of process consultancy and training programmes, which are both highly practical and stimulating. His wide experience and ability to relate to many situations across a range of markets make his contributions invaluable and easily assimilated. Bill is passionate about training and his knowledge, experience, creativity and sense of fun combined with his highly interactive and participative style of delivery and facilitation are consistently appreciated as an opportunity to unlock the potential of the delegates who attend his courses.

+971 4 457 3814

+971 4 457 3999

info@ismdubai.com www.ismdubai.com

COURSE REGISTRATION FORM

Finance for Non Financial Managers

Telephone: + 971 4 457 3814, Facsimile: + 971 4 457 3999, Email: info@ismdubai.com
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CHOOSE YOUR PACKAGE:
PLATINUM PACKAGE Send 4 delegates and receive a 20% discount 3 Delegates (receive a 10% discount) 5805 Dhs per person 2 Delegates (receive a 5% discount) 6128 Dhs per person 1 Delegate 6450 Dhs ISM COURSES ARE ALWAYS GREAT VALUE FOR MONEY Steven Brown, CEO, iSegway

Registration fees include expert tuition, comprehensive course documentation, workshop materials lunch & refreshments and your official ISM framed Certificate documentation, workshop materials lunch & refreshments and your official ISM framed Certificate

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TERMS & CONDITIONS

ISM reserves the right to change dates, venues, topics and trainers due to unavoidable circumstances. Cancellation: If you cannot attend personally, a substitute delegate is welcome to join this course in your place - for no extra charge. Should you (or a substitute) be unable to attend, we will promptly refund your fee less a service charge of 10%. As spaces are strictly limited, we regret that registration received less than 30 days before the start date of the course may incur a late booking surcharge of Aed 150 Condition: You must inform us in writing 30 days or more before the start date of this course. No refunds are possible for cancellations received less than 30 days, before this course. Instead you will be issued with a 50% Discount Training Voucher, which entitles you (or a nominated colleague) to attend a public course arranged by ISM .