In today’s business environment, professionals need practical, working knowledge of corporate finance to make sound business decisions.
The Finance for Non-Finance Managers program is specifically designed for business owners and professionals with little or no accounting/financial, or technical knowledge who need to understand the fundamentals of financial management and the tools and techniques used to make financial decisions in the corporate context.
The program is specifically built to develop professionals’ ability to read and analyze financial statements and differentiate between the costs that could affect decision-making. It will help them prepare budgets and forecasts for operations and develop models that answer short-run 'what-if' questions
Understand the fundamentals of corporate finance and financial accounting.
Explain the different types of financial accounts.
Classify the main areas of financial ratio analysis.
Identify the main variables affecting the cost structures in the corporate contextual framework.
Recognize the difference between fixed and variable costs, and the impact of volume on costing and pricing calculations.
Cost behavior
and cost objects
Actual and
normal costs
Standard costs
Absorption
(full) costing
Variable
(direct) costing
Joint and
by-product costing
Break Even
Point Analysis
Cost accounting
and Business Decision
Just-in time
manufacturing
Material
requirements planning (MRP)
Theory of
constraints and throughput costing
Capacity
management and analysis
Value chain
analysis
Value-added
concepts
Process
analysis
Benchmarking
Activity-based
management
Continuous
improvement concepts
Best practice
analysis
Cost of quality
analysis
Regression
analysis
Learning curve
analysis
Exponential
smoothing
Time series
analysis
Expected value
Sales budget
Production budget
Direct material budget
Direct labor budget
Manufacturing overhead budget
Ending Finished goods inventory budget
Cost of goods sold (COGS) budget
Non-manufacturing budget
Pro forma income statement budget
Capital budget
Cash budget
Pro forma
balance sheet budget
Pro forma
statement of cash flow budget
Cost and Variance Measures
Ratio Analysis
Beacon FinTrain prioritizes excellence in every service, ensuring top-notch, reliable, and consistent outcomes that meet and exceed client expectations.
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.
Time is money. We respect deadlines, delivering precise and timely results to help our clients stay ahead in the fast-paced financial world.
Beacon FinTrain is a guiding light in finance, providing insightful advice and support to navigate the complexities of financial markets and regulations.
We uphold the highest ethical standards, fostering trust and transparency in all our dealings to build lasting relationships with clients.
Adapting to the dynamic finance sector, we offer versatile services and solutions that align with the evolving needs of our clients.