Introduction to Financial Concepts
- Overview of essential financial terms and concepts
- Understanding Letters of Credit and Letters of Guarantee
- Basics of Contracts, Incoterms, and Payment Terms
The Finance for Non-Financial Managers course is a comprehensive 3-day program specifically designed for individuals without a financial background. This course aims to demystify key financial concepts, terms, and practices, making them accessible and understandable to non-finance professionals. Participants will delve into important financial topics such as Letters of Credit, Letters of Guarantee, Contracts, Incoterms, and Payment Terms. The program also covers a thorough analysis of financial statements, the basics of accrual-based accounting, effective overhead management, and investment appraisal techniques. Through hands-on exercises and real-world examples, attendees will learn to apply financial knowledge to commercial transactions, enhancing their decision-making skills and ability to optimize business outcomes. This course is ideal for professionals seeking to gain a solid foundation in financial principles and their application in commercial contracts and international trade.
Key Points:
- Understand essential financial concepts and terminologies relevant to non-finance professionals.
- Gain insights into analyzing and interpreting financial statements.
- Learn to effectively manage overheads and understand accrual-based accounting.
- Develop skills in appraising investments and understanding their financial implications.
Download the course guide
We offer a comprehensive curriculum that covers all of the essential topics. Our experienced instructors will provide you with the support and guidance that you need to succeed.
Course Content
Financial Statements Analysis
- In-depth instruction on analyzing financial statements
- Understanding balance sheets, income statements, and cash flow statements
- Practical exercises in financial statement analysis
Accrual-Based Accounting
- Fundamentals of accrual-based accounting
- Recognizing revenues and expenses in financial reporting
- Hands-on exercises in accrual accounting
Overhead Management
- Strategies for effective overhead management
- Cost categorization and control techniques
- Case studies in overhead management
Investment Appraisal Techniques
- Introduction to investment appraisal methods
- Analyzing and interpreting investment proposals
- Real-world applications of investment appraisal
Integrating Financial Principles with Commercial Contracts
- Applying financial principles to commercial transactions
- Risk assessment in contracts and trade agreements
- Practical scenarios in commercial and financial integration
International Trade and Finance
- Understanding the financial aspects of international trade
- Managing risks and finances in cross-border transactions
- Case studies on international trade finance
Decision Making Using Financial Knowledge
- Applying financial knowledge to enhance decision-making
- Financial analysis in business scenarios
- Group exercises in financial decision-making
Financial Management for Non-Financial Managers
- Role of non-finance managers in financial management
- Bridging the gap between finance and other business functions
- Developing a financial perspective for business decisions
Course Instructor
Omaima Khanfar
Omaima Khanfar is a certified trainer and vocational educator with a passion for growth and empowerment. She creates pragmatic and relatable learning experiences that resonate with diverse audiences. Her dedication to nurturing self-development has made her a trusted and sought-after professional.
Interested in what else we can offer you?
5 February 2025
Dusit D2 Kenz Hotel