Finance for Non-Finance Managers - bootcamp

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The Finance for Non-Finance Managers e-learning course will help managers improve communication with finance executives in their company, better understand the impact of financial decisions on the firm’s profitability and enhance their ability to use financial analysis in decision-making. The program adds the financial dimension to the decision-making process thus enabling better business planning or performance benchmarking. A must for any middle and senior manager role! The format will be modules of 2 hours per day over 3 consecutive days, with a 2 hours break between each module. This will require some compulsory preparation and reading before the online session for maximum benefit. The assumption will be that you have read through the notes before the session, and we can therefore focus on the exercises and any questions you might have, after a brief overview of the notes.

المخرجات الرئيسية

Understand accounting terms
Understand how financial statements are constructed
Comprehend the financial impact of business decisions
Have the ability to understand and forecast costs
Ability to read financial statements
Gather inputs to valuation models and for corporate finance decisions
Preparation of budgets
Analyze financial performance and variances versus budgets

Massachusetts Institute of Technology
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Massachusetts Institute of Technology — a coeducational, privately endowed research university founded in 1861 — is dedicated to advancing knowledge and educating students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century. Learn more about MIT. Through MITx, the Institute furthers its commitment to improving education worldwide. MITx Courses MITx courses embody the inventiveness, openness, rigor and quality that are hallmarks of MIT, and many use materials developed for MIT residential courses in the Institute's five schools and 33 academic disciplines.

محتوى الدورة التدريبية

Part 1
MODULE 1: Introduction to financial accounting and the Income Statement
Part 1: Introduction to Financial Accounting
→ What is accounting?
→ The distinction between financial and management accounting
→ The accounting principles
→ What are IFRS and GAAP?
→ The accounting equation
→ The accounting cycle
→ Introduction to the financial statements
Activities: The participants will be required to complete a number of exercises on the accounting principles, the accounting equation and the impact of transactions on the financial statements.
Part 2
A. Introduction; Assets Accrual Accounting, Revenue Recognition; Receivables Inventory; Property, Plant, and Equipment Intangible Assets; Income vs. Cash Flows Acquisitions; Finance Investments
Part 2: The Income Statement
→ Review of the key elements of the income statement
→ Revenue recognition principles
→ Operating expenses
→ Extraordinary items
→ Interest and taxes
Activities: The participants will be required to complete a number of exercises on revenue, expenses and preparation of a simple income statement.
→ Cycle Count of Inventory
B. Financial Statement Analysis (FSA) Introductory FSA
Part 3
MODULE 2: The Balance Sheet and Cash Flow Statement
Part 1: The Balance Sheet
→ Review of the key elements of the balance sheet
→ Non-current assets, depreciation and impairment
→ Opex vs Capex
→ Working capital
→ Liabilities and Equity
→ The capital structure
Activities: The participants will be required to complete a number of exercises related to assets, liabilities and equity, as well as prepare a simple balance sheet.
Part 4
Part 2: The Cash Flow Statement
→ Why do we need it?
→ Review of the main categories of cash flows
→ Understanding the link between the cash flow statement and the income statement and balance sheet
→ Different approaches to calculate the operating cash flows
Activities: The participants will be required to complete a number of exercises related to calculating the operating cash flows, as well as the investing and financing cash flows, and prepare a simple cash flow statement reconciling back to the balance sheet.
Part 5
MODULE 3: Financial Analysis and Understanding the Company’s Costs
Part 1: Financial Analysis
→ Quantitative vs Qualitative analysis
→ Assessing the company’s profitability
→ Assessing the company’s efficiency
→ Assessing the company’s liquidity and solvency
→ The concept of Key Performance Indicators (KPIs)
Activities: The participants will be required to complete a number of exercises related to assessing the relative performance and viability of two companies from the same industry.
Part 6
Part 2: Understanding the Company’s Costs
→ Type of costs and their behavior
→ Identifying the cost drivers
→ Cost-Volume-Profit Analysis (CVP)
→ Break-even analysis
→ Margin of safety
Activities: The participants will be required to complete a number of exercises related to cost behavior, CVP analysis and break-even analysis.
MODULE 4: Forecasting and Budgeting
Part 7
Activities: The participants will be required to complete a number of exercises related to the incremental, zero-based and rolling budgeting approaches in order to understand the strengths and weaknesses of these approaches.
Part 2: Budgeting methodologies
→ Introduction to Standard costing
→ Static vs Flexible budgeting
→ How can we use the flexible budget?
Activities: The participants will be required to complete a number of exercises related to setting the standard prices and quantities, as well as creating static and flexible budgets.
Part 8
MODULE 5: Analyzing Budgets and Project Budgeting
Part 1: Budget Variance Analysis
→ Introduction to budget controls
→ Responsibility centers
→ Creating a performance report
→ Calculating the variances to budgets
→ Variance analysis
Activities: The participants will be required to complete several exercises related to identifying relevant responsibility centers, creating a performance report and analyzing and explaining the variances to budget identified.
Part 9
MODULE 6: Valuation and Project Budget Evaluation
Part 1: Introduction to Valuation
→ Why do we need a valuation?
→ Commonly used valuation methods
→ The time value of money concept
→ Choosing between financial investments
Activities: The participants will be required to complete a number of exercises related to the time value of money concept and other methods discussed.
Part 10
Part 2: Should we Undertake the Project?
→ How do we assess whether to undertake the project?
→ Payback period approach
→ Rate of Return (RoR) or Return on Investment (RoI) approach
→ Discounted cash flow approach (DCF)
→ Calculating the discount rate and WACC
→ Assessing a project - NPV and IRR
Activities: The participants will be required to complete a number of exercises related to assessing whether to undertake a project, using the various approaches discussed, and provide their opinion.

على من يجب الحضور؟

This highly practical and interactive course has been specifically designed for
→ Non-finance staff in departments such as HR, Supply chain, IT, Sales, Marketing, Operations
→ Managers of non-finance functions such as HR, Supply chain, IT, Sales, Marketing, Operations
→ Senior Directors of Non-finance divisions
→ Any finance staff who would like a refresher on the financial concepts covered


What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected]
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.


  • عرض:
    IAMM Internal Audit Maturity Model
    In recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!
    Dalal Kutbi
    Country Learning & Development Manager at IKEA Saudi Arabia
  • عرض:
    Certified Professional in Quality and Patient Safety
    Dating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,
    Turki S. Alsahaan
    Dir L&D, Talent Management at Mobily, Etihad Etisalat Company
  • عرض:
    Certified Professional in Quality and Patient Safety
    Since the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.
    Emad Alrajih
    VP, Business Winning at BAE Systems Saudi Development & Training
  • عرض:
    Certified Professional in Quality and Patient Safety
    We have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,
    Nasser M. Al-Subaie
    Sr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen