Course Description:
This course introduces the up-to-date approaches to financial management for non-financiers along with special distinctive emphasis on the managerial skills required to cope with today`s changing environment. The Course will cover the functional aspects of finance, including dealing with financial statements, financial forecasting, organizing investments and finance, decisions making, the preparation of financial hierarchy and budgeting. This course will also briefly introduce the trainees to the basis of financial planning and its implementation in any sphere of business for continuous improvement of processes and control.
Course Objectives
• Understand, the new trends in accounting and financial statements analysis (Financial Ratios, Sources & Uses of Money, Dupont, Market & Economic Value Added)
• Understand the importance of Financial Forecasting and Techniques and their role in assessing and minimizing projects returns.
• Learn the new techniques of financial planning and control.
• Financial Budgeting and Preparations (Items, Financial Cash Flow Forecast, Break-even analysis and Budgeting)