Language: English-Arabic
Course Overview
Executives and professionals outside the finance department increasingly face financial decisions impacting strategic outcomes. This course provides a solid understanding of financial principles, empowering non-finance professionals to interpret financial data, communicate effectively with finance teams, and contribute confidently to budgeting, investment, and strategic decisions.
Course Objective
- Interpret key financial statements and assess financial performance using ratios.
- Communicate financial insights clearly with internal and external stakeholders.
- Prepare and control budgets aligned with business strategy.
- Evaluate investment options using discounted cash flow and other appraisal tools.
- Manage costs and improve financial decision-making in operational contexts.
Who Should Attend??
- Sales and marketing executives
- Project and supply chain professionals
- Human resources and legal managers
- Internal auditors and cross-functional senior staff
Course Outline
1. The Business & Financial Environment
- Role of financial management in business
- Strategic financial planning
- Accounting conventions and IFRS standards
2. Financial Statements & Analysis
- Core financial reports overview
- Liquidity, profitability, and efficiency analysis
- Working capital and cash flow management
3. Budgeting Principles and Practices
- Budgeting objectives and frameworks
- Budget preparation and negotiation
- Variance analysis and performance tracking
4. Cost Management and Optimization
- Types of costs: fixed, variable, and mixed
- Break-even and CVP analysis
- Operational cost optimization strategies
5. Strategic Financial Decision Making
- Financing sources: debt vs. equity
- Cost of capital and WACC
- Decision-making frameworks
6. Investment Appraisal Techniques
- Appraisal methods: ARR, Payback, NPV, IRR
- Time value of money in decision-making
- Capital investment challenges
7. Risk and Performance Management
- Identifying financial risks
- Risk mitigation and planning under uncertainty
- Performance evaluation tools
8. Case Studies and Practical Applications
- Financial analysis case scenarios
- Budgeting and forecasting exercises
- Capital investment evaluation case
Training Methodology
The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.