Exam Preparation
FNFFinancial Management for Non Financial Professionals
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English
Basic
21 Nasba
FACE 2 FACE
ON SITE TRAINING
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TRAINING
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& MENTORING
SELF-PACED
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Course Overview
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. Definitely a must for any middle and senior manager role!
The format will be 2 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.
The format will be 2 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.
Key Takeaways
1
Understand the various terms used by finance professionals
2
Be able to read and analyse a set of financial statements
3
Comprehend the financial impact of business decisions
4
Have the ability to understand and forecast costs
5
Preparation of budgets
6
Analyse financial performance and variances versus budgets
National Association of State Boards of Accountancy
LEORON Professional Development Institute DMCC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
Course Outline
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.
→ 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: The Income Statement
→ Review of the key elements of the income statement
→ Revenue recognition principles
→ Operating expenses
→ EBIT and EBITDA
→ 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
→ Revenue recognition principles
→ Operating expenses
→ EBIT and EBITDA
→ 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
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.
→ 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 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.
→ 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.
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.
→ 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 2: Understanding the Company’s Costs
→ Type of costs and their behaviour
→ 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 behaviour, CVP analysis and break-even analysis.
→ 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 behaviour, CVP analysis and break-even analysis.
MODULE 4: Forecasting and Budgeting
Part 1: Introduction to Budgeting
→ What is a budget?
→ Roles of budgeting
→ Review of budgeting methodologies
→ Incremental vs Zero-based budgeting
→ Rolling budgets
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
→ Roles of budgeting
→ Review of budgeting methodologies
→ Incremental vs Zero-based budgeting
→ Rolling budgets
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 (continued)
→ 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.
→ 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.
MODULE 5: Analysing Budgets and Project Budgeting
Part 1: Budget Variance Analysis
→ Introduction to budget controls
→ Responsibility centres
→ Creating a performance report
→ Calculating the variances to budgets
→ Variance analysis
Activities: The participants will be required to complete a numberof exercises related to identifying relevant responsibility centres, creating a performance report and analysing and explaining the variances to budget identified.
→ Responsibility centres
→ Creating a performance report
→ Calculating the variances to budgets
→ Variance analysis
Activities: The participants will be required to complete a numberof exercises related to identifying relevant responsibility centres, creating a performance report and analysing and explaining the variances to budget identified.
Part 2: Preparing a Project Budget
→ Purpose of a project budget
→ What should be included in the budget?
→ The concept of relevant data and sunk costs
→ What timeline is relevant?
Activities: The participants will be required to create a budget for a project on Excel using an appropriate time period and only including the data that is relevant.
→ What should be included in the budget?
→ The concept of relevant data and sunk costs
→ What timeline is relevant?
Activities: The participants will be required to create a budget for a project on Excel using an appropriate time period and only including the data that is relevant.
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.
→ 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 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.
→ 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.
Who Should Attend?
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
FAQ
What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.
Reviews
- Review:IAMM Internal Audit Maturity ModelIn 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 KutbiCountry Learning & Development Manager at IKEA Saudi Arabia
- Review:Certified Professional in Quality and Patient SafetyDating 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. AlsahaanDir L&D, Talent Management at Mobily, Etihad Etisalat Company
- Review:Certified Professional in Quality and Patient SafetySince 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 AlrajihVP, Business Winning at BAE Systems Saudi Development & Training
- Review:Certified Professional in Quality and Patient SafetyWe 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-SubaieSr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
