Overview

Finance is a critical component of effective business management, yet many managers without a financial background find it challenging to navigate financial data and reports. This program is designed to equip professionals with the essential financial knowledge needed to interpret financial statements, analyze business performance, and make informed financial decisions. Through real-world case studies and practical exercises, professionals will learn how to apply financial insights to drive business growth and efficiency. By the end of the course, they will have the confidence to engage in financial discussions and contribute to strategic decision-making.

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Outcome

Differentiate between Finance and Accounting


Explain the basic components of financial statements.


Apply Ratio Analysis for Financial Assessment


Implement the Financial Reporting Process


Explore Audit Reports and Types of Audits

Details

Developed by: Beacon FinTrain

Standard Total Hours: 24 Hrs

Language: English - Bilingual "English & Arabic"

Modalities: 
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Outline

Difference between Finance and Accounting
Basic Accounting Concepts
Financial Reporting Process
Accounting Equation

Purpose of Financial Statements
The Balance Sheet
Income Statement
Cash-Flow Statements.
Statement of owner equity

The need for Ratio Analysis of external financial statements
Strengths and Weaknesses of Ratio Analysis
Major ratios commonly used
Efficiency Ratios

What is an Audit?
Audit Report structure
Types of Audit Reports
Auditors Report

Steps for Creating a Budget
Introducing the concept of Free Cash Flow
Calculation of Free Cash Flow
Basic Valuation Concepts & Techniques
Time Value of Money
Discounting FCF
Net present value (NPV)
Cost of capital (WACC)
Cash Flow-based valuation
Internal Rate of Return (IRR),
Payback period & discounting Payback period.
Profitability Index, Cost-Benefit Ratio

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Who Should Attend

  • This program is designed for managers and professionals across all industries and functions who need to enhance their financial literacy to make informed business decisions. It is ideal for department heads
  • team leaders
  • and project managers who may not have a formal financial background but are responsible for budgets
  • financial planning
  • or cost management.

Why Beacon

Quality

Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.

Specialization

We focus on finance, offering expert knowledge and bespoke solutions that cater to the unique needs of finance professionals in the Middle East and Africa.

Punctuality

Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.

Guidance

Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.

Integrity

We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.

Flexibility

Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.