Financial Development for Non-Financial Managers
Develop your financial skills so that you can understand the financial picture
Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME
Who should attend?
Those for whom finance is not a significant part of their responsibility, but who will benefit from understanding it in more depth. They will be from all sectors, including private, public and not-for-profit including:
- Those who are new managers or managers wanting a refresher
- Budget holders who want to create and manage their budgets more effectively
| Course Code: | F/A.1 |
| Subject: | Finance |
| Course Fee: | £595 |
| Duration: | 3 Days |
| Venue: | American College, Dubai |
- Operations managers who want to know more about cost management and projects
- Sales and marketing employees who want to understand financial statements
- Anyone who needs to understand key accounting concepts, and improve forecasting and cost management skills
- Managers who are about to be promoted into positions which require financial literacy
- Managers facing financial decisions or expect to make a contribution to a wider planning process.
- Junior Managers, Fresh Graduates & Final Semester Students to acquire a promising career in a reputable organization.
Learning Objectives
By the end of the course delegates will be able to:
- Describe fundamental bookkeeping and accounting concepts enabling them to manage the financial aspects of their role more effectively
- Compare the different approaches taken in the public and private sector
- Make sense of key financial statements and some key ratios
- Manage financial aspects of projects more effectively
- Participate more knowledgeably in the budgeting process
Course Content
Key Financial Concepts and Principles
- Bookkeeping versus accounting
- Cash accounting versus accrual accounting and use in private and public sectors
- Types of accounts in the General Ledger, their purpose and the chart of accounts
- Double-entry bookkeeping concepts and implications
- Depreciation and amortisation
Reading Financial Statements, Public and Private Sector
- International standards in the private and public sectors, IFRS and IPSAS
- Format and content of the statement of financial position (balance sheet)
- Format and content of the statement of profit or loss
- IPSAS principles of financial statements presentation for the public sector
- Investor ratios
Management Accounting
- Financial accounting and management accounting compared
- Types of management information prepared for internal consumption
- Financial information managers need to manage – the power of comparisons
- Analysing costs, key ratio calculations for management and variance analysis, including ROE, ROA and liquidity ratios
Managing the Finances and Costs of Projects.
- Financial aspects of building the business case and getting approval for funding
- Estimating project costs – different estimating techniques, expert, analogous, parametric, bottom up etc.
- Project forecasts, cost variances and cost control
- Project risks and financial implications
Building an Effective Budget
- Public sector v. Private sector budgeting differences in purpose, processes and motive.
- Budgetary methodologies, incremental and zero-based
- Budget and variance analysis
- End of week quiz to appraise learning achieved.
LISD Workshop Special GROUP Package Highlights:
(prices applicable to a group of minimum 8 persons)
*Maximum 15 persons will be enrolled in each workshop
- 4 Days + 3 Nights Programme
- Programme Registration with the invoice
- 2 Scientific Knowledge-sharing sessions
- Certificate of Participation signed by the authorities
- 3 Night-accommodation in B&B (Double accommodation)
- 2 Networking Dinners
- 3 Lunches
- 3 Networking Tea/Coffee
- Airport Group-Pick & Drop Service
- City Crawl
- Group Excursion- Famous Tourist Attractions
Generic Schedule:
4 Days/ 3 Nights Programme
Day 1:
Hotel Group Pick-up Service from the nearest Airport to the Bed & Breakfast (Hotel)
Check-in: (between 2:00-4:00 pm)
City Crawl includes Takeaway Lunch and Coffee
(1st Night)
Day 2:
Interactive Learning Sessions: 9:00 am – 4:00 pm
Includes 2 Tea Breaks + Lunch
7:30 pm Networking Dinner
(2nd Night)
Day 3:
Interactive Learning Session/ Award Ceremony: 9:00 am- 1:00pm
Includes 1 Tea + Lunch
Excursion: 2:00-7:00 pm
Networking Dinner: 7:30 pm
(3rd Night)
Day 4:
Hotel Check-out at 10:00 a.m
Luggage can be Deposited in the Hotel
Free to Shop and Roam (independently)
Back to the Hotel at least 3.5 hours before the flight
Group Drop-off to the Airport
Register Per Person
| Workshop Venue | Full 4 Days + 3 Nights Workshop Package PER PERSON IN GROUP inclusive all taxes |  | Credit/Debit Card |
|---|---|---|---|
| University of Oxford, U.K | GBP 1350 | Register Now | Register Now |
| University of Cambridge, U.K | GBP 1350 | Register Now | Register Now |
| King’s College London, U.K (University of London) | GBP 1350 | Register Now | Register Now |
| University of Edinburgh, U.K | GBP 1350 | Register Now | Register Now |
| London Institute of SD – Learning Center | GBP 1145 | Register Now | Register Now |
| Baku, Azerbaijan | GBP | ||
| Istanbul, Turkey | GBP |