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Finance for Non-Finance Managers Training in Dammam, Saudi Arabia
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Finance for Non-Finance Managers Training in Dammam, Saudi Arabia

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Modes of Delivery

Online Classroom

Collaborative, enriching virtual sessions, led by world class instructors at time slots to suit your convenience.

Team/Corporate Training

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Description

Basic knowledge of finance is essential for all professionals, even if they do not have a direct role to play in the finance and accounting departments of the organisation. Managers who lack the capacity to make intelligent assessments of financial data will find themselves handicapped and unable to understand the impact of their strategies on the financial bottom-line.

KnowledgeHut’s two-day course in Finance for Non-Finance Managers cuts through complex financial information, explaining principles in simple terms that can be easily comprehended by the layperson. The practical and interactive sessions are designed to provide a thorough working knowledge of critical financial concepts. Learn how to interpret and assess financial statements, and understand how business decisions are hinged on the possible financial impact they may have. As global businesses today span geographies, the programme also intends to provide an overview of international financial management.

This course will equip you with a collection of tools and insights to enable you to fulfil your professional goals as well as the expectations of your companies and investors. Having completed this course, you will be able to assimilate and analyse financial data, evaluate financial risks and communicate effectively with the financial team. Improve your planning and budgeting skills, sharpen your business acumen; and learn to make the right money-related decisions that notch up your business numbers!

On successful completion of the course, you will receive a Course Completion Certificate from KnowledgeHut with Credits (1 credit per hour of training).

What you will learn:

By the end of the course all participants will have the following:

  • An understanding of basic financial accounting terms and concepts
  • A greater understanding of accounting and finance systems and the objectives of financial statements
  • Knowledge of frameworks for applying financial analysis to management decision making
  • An understanding of basic financial models, key financial ratios and indicators
  • Basic planning and budgeting skills
  • The confidence and skills to contribute to financial management within their organisation
  • An awareness of the role of finance within the larger organisational structure and its contribution to overall business strategy
  • A thorough working knowledge of critical financial principles

You will also get:

  • 16 hours training led by industry experts
  • Downloadable e-book
  • Case studies
  • 60 minute online test with 20 questions
  • Participation certificate on successful completion

Key Features

16 hours of training on financial concepts and fundamentals
High-quality course led by industry experts
Case studies for real world familiarit
Downloadable e-book
60 minute online test with 20 questions to reinforce concepts
Participation certificate after successful completion of workshop
Introduction

The role of finance
Finance organisation structure- key roles and responsibilities
Understanding the language of finance and accounting
How financial transactions are recorded- process, sub process and transaction flows

The business model
How money flows into the business
Sources of long term finance –debt and equity
The difference between turnover, cash and profit

Understanding key components of financial statements
Income statement
Balance sheet
Cash flow statement

Analysing and interpreting financial statements
Evaluating the financial health of a company
Ratio analysis: profitability, efficiency and liquidity
Reading through the numbers and understanding trends

Working capital management and the cash cycle

  • The importance of cash cycle
  • Managing receivables, inventory and payables
  • Sources of short term finance

Management accounting and decision making

  • Break-even analysis
  • Cost behaviour
  • Pricing strategies

Planning, budgeting and forecasting for organisations

  • Understanding the budgeting process
  • Motivation and the behavioural aspects of budgeting
  • Budgeting and forecasting exercise in excel

Capital projects

  • The time value of money
  • Investment appraisal techniques
  • Discounted cash flow
  • Net present value
  • Internal rate of return

Tools and exercises will be provided so that you can practice the techniques and strategies covered in the course. On successful completion, participants will receive a participation certificate from KnowledgeHut.

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Frequently Asked Questions

This course explains the essential concepts of accounting and finance to managers who do not have a financial background and is tailored to the level of delegates’ experience.

Middle level executives working in marketing, operations, materials, human resource and other non-finance areas of companies, and desirous of understanding the basics of finance will find value from attending this course.

This course in Finance for Non-Finance Managers helps to cut through complex financial information, explaining principles in simple terms that can be easily comprehended by the layperson. The practical and interactive sessions are designed to provide a thorough working knowledge of critical financial concepts. You will learn how to interpret and assess financial statements, and understand how business decisions are hinged on the possible financial impact they may have. As global businesses today span geographies, the programme also intends to provide an overview of international financial management.

As this course is designed for Non-Finance Managers, it does not require any financial qualification. However, it would be helpful if you are familiar with Excel (preferably Excel 2007 or 2010) as the course extensively uses Excel-based case studies to explain important concepts in a simple and lucid manner.

Yes, this course is conducted as a virtual course. Call us for more information on the same.

On successful completion of the course you will receive a course completion certificate issued by KnowledgeHut.

You will receive 1 credit per hour of learning.

The trainers are highly qualified and certified instructors with plenty of experience to deliver classroom training.

It is easy to enroll for classroom training online. There are several options to pay either through your debit/credit card that includes Visa Card, MasterCard; American Express or - via PayPal. Payment receipt will be issued to the candidate automatically by email.

Any registration cancelled within 48 hours of the initial registration will be refunded in FULL (please note that all cancellations will incur a 5% deduction in the refunded amount due to transactional costs applicable while refunding). Refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details: https://www.knowledgehut.com/refund


Please send in an email to support@knowledgehut.com,and we will answer any queries you may have!

Finance for Non-Finance Managers Course in Dammam

Dammam is a popular tourist destination apart from being the regional capital of the Eastern  region  of  Saudi  Arabia.  The  discoveries  of  ancient  artefacts  along  with  the presence  of  magnificent  archaeological  monuments  confirm  that  this  is  an  old  city. Today, the city has all modern trappings as seen in its beautiful beaches, parks and swanky malls and restaurants. 

Dammam  is  recognized  as  a  major  center for  shipping,  oil,  commerce and  industry. Traditionally an oil township, over the years, Dammam has seen the growth of non-oil  companies  setting  up  operations  in the  region.  Companies  to  stay  relevant  need to  recruit  professionals’  that  not  only  have  domain  capability  but  also  are  well acquainted  with  the  financial  management  principles.  This  is  pertinent  in  today’s economy  as  competition  is  stiff and  companies  need  managers who  can think from the  financial  side  to  avoid  any  major  glitches.  Ambitious  professionals  who  wish  to make a career leap must enroll in e-learning programs like Finance for Non-Finance Managers  training  in  Dammam. Signing  up  for  this online  training will  be  a  game changer for  managers,  as  this  will  inculcate financial  skills  including  comprehending top and bottom line impact.  

The Finance  for  Non-Finance  Managers’  certification  in  Dammam is  a  worthwhile proposition for professionals as this certification will give them a solid understanding of  the  accounting  and  financial  processes  that  they  will encounter  on  a  daily  basis. The online  modules  of  these  program  coach  managers to  formulate  implement  and also support financial strategies and goals aligned with the organizational agenda. 

Dammam  is  a  prosperous  economy  displaying  consistent  growth,  which  has  led  to constant  business  changes  and  innovations.  Companies  want  managers  with  not only function specific capability but are also increasingly disposed towards managers with  additional  financial  management  skills.  For  non-finance  managers,  pursuing  a financial course will be  highly  advantageous,  as  it  will  result  in  serious  career advancements.

New Alternative

 In  today’s  competitive  business  environment,  managers  cannot  rely  only  on  their domain  knowledge  to  lead  projects or  execute  services.  It  is  vital  that they  have an understanding  of  fundamental  financial  concepts  to  deal  with  the  ever-evolving business needs of an organization. Inability to gauge the financial implication of their strategic inputs is the biggest obstacle managers’ face and addressing this issue can be transformational for them, as it will equip them with fundamental skills like drawing up  budgets,  understanding  financial  statements  and  performing  a  cost  benefit analysis. 

Keeping Ahead of the Curve

The Finance for Non-Finance Managers’ online courses is a valuable credential as it validates  a  manager’s  proficiency  in  financial  management  and  this  acquired  ability will   help   them   stay   ahead   of   the   curve.   The online   classes   conducted   by KnowledgeHut  simplify financial  concepts for  the non-finance  manager  and  industry veterans teach this program.  

Knowledge Hut Empowers You

 

The online  Finance  courses  in  Dammam are  available  at  a price affordable  for  all. The KnowledgeHut training is  comprehensive  and  ensures  that  the  participants  are adept  in  dealing  with  all  critical  financial  practices  and  can  effectively  use  the  new knowledge gained at their work place or even in exam conditions.

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