Finance and Accounting for Non-Financial Managers

Finance and Accounting for Non-Financial Managers

You Will Learn How To

Integrate financial concepts and policies into the management decision and budgeting process
Evaluate the financial viability of projects and activities through income statements and balance sheets
Employ cash flow tools to analyse business status
Calculate the cost of business activities
Control business operations through effective budget management
Communicate effectively with financial executives and staff

Course Benefits
All too often, a manager’s performance is measured by how effectively they oversee departmental budgets. To succeed as a non-financial manager, knowledge of basic financial principles and the budgeting process is critical. This course transforms financial and accounting concepts into decision-making tools you can use successfully every day. You learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial viability of projects.

This course teaches methods to determine the financial viability and impact of business decisions. The goal is to enable managers who have no experience in accounting or financial management to develop a working knowledge of these areas and to be comfortable discussing financial decisions.

Benefits of Attending

Attending this course will enable you to:
gain a better understanding of financial terminology, information and implications
apply basic financial concepts that remove guesswork from your decision making
integrate financial information with other business functions
make more informed investment decisions
use capital budgeting techniques to plan ahead
Course Topics

Generally accepted accounting principles and the accounting process
Managerial vs. financial accounting
Audit reports, Balance Sheets and Income Statements
The time value of money and capital budgeting
Lease vs. purchase
Cash, inventory and accounts receivable management
Variable and fixed costs
Cost volume profit analysis
Relevant costs

Most managers and executives come into their positions with a background other than finance and accounting. This certificate program was developed to provide those managers and executives with an understanding of the fundamentals of accounting, economics, and finance. All organizations, regardless of the products or services they provide, have a most important common denominator - money.
The financial management of an organization plays a huge role in its success or failure. Setting and meeting goals and strategic planning requires managers at all levels to understand and successfully use budgeting, cost accounting, and other critical financial management techniques.

Managers and executives who attend the Finance and Accounting for Non-Financial Managers Certificate Program will learn to incorporate state-of-the-art financial management practices into their departments or organizations. They’ll better understand the big picture as it relates to the total organizations. And, by learning the language of business, they will make better decisions as well as work more effectively with the accounting and finance staff of their organization.

We utilize the strengths of Iqra University to provide quality professional education for business and industry in the region; to continuously expose professionals to tools, techniques, and current practices that they can apply immediately in the workplace; to inspire professionals to achieve job security and satisfaction through lifelong professional development by offering programs that are flexible, responsive, and innovative.

Our aim is to help students to fulfill their maximum potential. Our course materials are revised and updated regularly according to the need of current market. Our carefully structured courses ensure students know exactly what they should be doing throughout their studies. With their goals clearly defined, they can see how to win.

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