There is a greater need to understand financial information, particularly the balance sheet, profit and loss account and cash flow statement as companies strive to enhance their shareholder value. This training course will provide you with the practical finance skills to become financially fluent, mastering key aspects of accounting and corporate finance
Finance for Non-Finance Professionals Training Course in Kuwait
Course Overview:
This training course will help the non financial persons to become comfortable with financial terms and tools, so that you can participate more fully in conversations about the financial health of your business and understand how your work fits into your business’s financial picture.
Who Will Benefit:
- Individuals from disciplines other than finance, such as marketing, sales, operations, supply chain, project management, and human resources
Program Objectives:
After completing the training, the participant will understand and have practiced the following:
- Define the four key financial statements: balance sheet, income statement, cash flow, and changes in owner equity, as well as critical financial terms such as profit, margins, and leverage
- Interpret the financial health and condition of a company, division, or responsibility center and use financial information for management and evaluation
- Prepare an operating budget and relate it to the organization’s strategic objectives
- Apply capital budgeting techniques to evaluate long-term decisions in projects and capital expenditures
- Use cost behavior concepts to calculate the breakeven point and enhance short-term decision-making
Target Competencies:
- Understanding financial statements
- Financial analysis
- Preparing operating budgets
- Making capital budget decisions
- Financial decision making
Course Outlines:
- Financial statements
- Understand the main components of a typical set of financial statements or annual report
- Appreciate the key underlying accounting concepts used in the preparation of financial statements
- The Key Financial Statements
- Understanding the accounting cycle
- The five main accounts in financial statements
- Income statement: A tool for performance measurement
- Accrual basis versus cash basis
- Balance sheet
- Statement of owners’ equity
- Statement of cash flows
- Wrapping-up: The cycle of financial statements
- External and internal auditors’ responsibilities
- Business Analysis
- Know how to interpret financial statements and analyse businesses using the 7-step approach
- Perform a SWOT analysis using financial statements
- Cash Operating Cycle
- Understand the cash operating cycle and what affects a company’s cash flow
- Manage the cash operating cycle
- Costing
- Know the different categories of costs which exist and their implication on costing
- Understand costing concepts, and apply them in making business decisions
- Budgeting and Taxation
- Have an appreciation of budgeting and the effects of foreign exchange movements and taxation on financial decisions
- Investment Appraisal Tools
- Understand the payback period, net present value and internal rate of return methods of project appraisal in decision-making
- Understand briefly the concepts of shareholder value, gearing and weighted average cost of capital
- Profit versus Cash
- Understand the difference between the impact on profit and cash of 15 typical transactions which companies undertake
- Be clear on why cash is king
- Warning Signals
- Uncover and appreciate what some of the clear warning signals are in financial statements
- Sustainability
- Understand what is sustainability & sustainability reporting
- Be aware why practising sustainability is important
Frequently Asked Questions (FAQs)
How do I know if this program is right for me?
After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please contact us or email us training@shaarait.com, and a dedicated program advisor will follow-up with you very shortly.
Is it a certified training course?
After completing the training course, the participant will receive a certificate of attendance from Sharaite Training Institute, which is an institute accredited by the Public Authority for Applied Education and Training as well as the Civil Service Commission in Kuwait.
Is there a prerequisite to attend the training course?
No, there is no a prerequisite for attending the training course. However, to be certified you should attend the 85% of training.
What type of certificate will I receive?
Upon successful completion of the training course, you will receive a hardcopy certificate. The certificate can be shared with employers and on social media. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile. The certificate will be delivered at the last day of the training.
