Two Days Workshop on "Finance for Non-Finance Managers"

Date: 24-25 July, 2017
Venue: NUST PDC H-12 Islamabad
Time: 0900 to 1700 hrs
Investment: Rs.19,500 per participant (includes lunch, tea, course material, certificates, networking opportunities)

Detail
The programme is designed to provide Non Financial Managers with a better understanding of the dynamics involved in financial management and to equip them with practical experience. Delegates will be given the ability to interpret financial statements and use the information to make a financial decision. The workshop will benefit any businessperson involved in finance requiring a theoretical understanding and practical application of financial tools, techniques, procedures and terminology.

Who Should Attend
This workshop is designed for Senior Management, CEOs, Entrepreneurs, Company Executives Functional managers, and Govt Officials. Prior knowledge of accounting or finance is not required to benefit significantly from this workshop.

Course Outline
Introduction - the basics of finance
Financial statements - what they tell us.
Financial statement analysis and key ratios
Managing the Income and expenses
Criteria for income and expense recognition
Cash flows and Cash flow management.
Business liquidity and operating cycle
Pricing and behavior of costs in a business
Cost analysis for planning, control and decision-making.
Standard costs
Planning, directing and controlling costs
Improving budgeting skills
Budgeting techniques and pitfalls
Capital budgeting
Variance analysis
The objectives and structure of Working capital management.
Flexible budgets.
Calculation and evaluation of return on investment (ROI).
Investible funds and investment instruments. 
An overview of stock market and bond market.
Potential benefits of Financial reporting.
Applying the information in decision-making.
Management information system (MIS).
How to get the best out of Management information system (MIS).
Tools for performance evaluation.
Accounting and management by exception.
Enterprise (financial) performance management.
Balance score card approach for performance evaluation.

Resource Person:
Mr Mohammad Ahmed Khan is a retired banker with over four decades of service during which he served at various locations and banks in Pakistan and eleven countries. In the year 2011; he authored the prescribed ‘Reference book’ for the Institute of Bankers Pakistan, i.e., “Finance of International Trade & related Treasury operations’.Mr. Khan has over 450 workshops and training sessions to his credit on various banking- specific topics. He is a certified trainer duly accredited by the World-class training system ‘Business Edge’, the brand name for the International Finance Corporation’s (IFC World Bank Group) that caters for a range of management training products and services. Besides teaching at universities he is also associated with reputed Human Skills development organizations, financial institutions, The Institute of Bankers Pakistan and a classified government organization.

Key Learning Objectives
Differentiation between finance and accounting.
The accounting cycle and its purpose.
Elements of managerial accounting.
Four basic financial statements and their relationship to each other.
How assets, liabilities and equity affect business operations
Effective cash flow management.
How Working capital management is carried out
Significance of financial analysis
Business evaluation through financial statements of counterparties.
Analysis of Balance sheet, income statement, statement of owner’s equity, contributed capital and retained earnings.
Management accounting and effective internal decision-making.
Management information system (MIS)
An overview of how the stock market and bond market work.
Enterprise (financial) performance management.