For business inquiries : (+971) 561803315
For special requests : (+971) 561803315
For business inquiries : (+971) 561803315
For special requests : (+971) 561803315
This training programme focuses on equipping managers with essential financial management skills required in today’s business environment. Participants will gain insights into financial terminology, budget preparation, ratio analysis, and making informed financial decisions. Through interactive sessions and practical exercises, attendees will learn how to navigate the financial landscape of their organizations with confidence.
Module 1: Finance Fundamentals Review
Finance Jeopardy: An interactive session to reinforce key financial concepts.
Understanding Financial Fundamentals: Exploring basic financial principles, accounting standards, and the roles within finance.
Module 2: Budgeting Basics
Introduction to Budgeting: Defining budgets, exploring different types, and aligning budgets with organizational objectives.
Components of a Budget: Understanding the essential elements of a comprehensive budget plan.
Module 3: The Budgeting Process
Overview of Budgeting Process: Exploring the step-by-step process of budget creation through lectures and case studies.
Module 4: Budgeting Strategies and Management
Tips and Tricks for Effective Budgeting: Dos and don'ts to enhance budgeting efficiency.
Budget Monitoring and Management: Techniques for tracking and controlling budgets to ensure financial stability.
Module 5: Financial Analysis
Ratio Analysis: Delving into various financial ratios including liquidity, profitability, and efficiency ratios.
Module 6: Budget Approval and Investment Decisions
Securing Budget Approval: Strategies for navigating organizational dynamics and obtaining budget approvals.
Evaluating Investment Opportunities: Guidelines for assessing and comparing investment options to make informed decisions.
Module 7: Quality Management and Budgeting
Introduction to ISO 9001:2008: Understanding the quality management process and its implications for budgeting.
Module 8: Role-Play Exercise
Directing Peerless Data Corporation: Participants engage in a realistic role-play scenario as Operations Directors, making financial decisions and receiving debriefing points after each decision. Discussion questions facilitate reflection and learning.
