Strategic Finance for Non-Finance Executives

Finance Learning by Team Competition Gamification

This Strategic Finance for Non-Finance Executives Training in Dubai is specifically designed for valued staff members, who want to have knowledge of basic finance and accounting in order to help them in their job performance.

Training Delivery Idea

DURATION OF THE TRAINING PROGRAM DELIVERY METHOD

The Strategic Finance for Non-Finance Executives training is for 2 days which is considered to be effective as per previous experience of delivering the similar programs for other reputed UAE based companies. The delivery method will base upon case studies, training, live exercises, examples from relevant Industry. Assessment will be conducted at the end of the training session.

PRE-TRAINING REQUIREMENT POST TRAINING OFFERINGS

A pre-training questionnaire will be provided for all the participants with a focus on learning objectives of each of the participants in order to further customize the training program, if needed. A refresher (short session) will be provided after 2 months of the training date in which a revision will be made and any specific query/ questions from the participants.

Takeaways

How to conduct a break-even analysis and ratio analysis
The impact of pricing on profit
Why and how market conditions influence business decisions
The difference between cash and profit
Capital budgeting in marketing decision making and fixed and variable costs
The need to control working capital
The different business strategies
The different types of investment project
The economic evaluation of investment proposals
Calculation of payback method as a technique for initial screening of two or more projects
The differences between cash flow and profit
Cost structure, and its importance for pricing and planning
The differences between cash flow and profit
Cost structure, and its importance for pricing and planning
Key ratios like leverage and profitability and ROA
Where information comes from for good decisions

Learning Objectives

Team competition consisting of four business cycles in which teams have full decision-making power and are accountable for the results. In each cycle, team-based companies develop and implement a business strategy which incorporates real-world dynamics: production capacity, customers, prices, financing, and more. Each cycle includes the following activities:

Course Outline

Overview of Key Financial Terms used in Manufacturing industry

Structure of Financial Statements
How transactions flow through the accounting system
Key stages in preparation of Financial Statements
Concept of Double Entry Bookkeeping and how this relates to overall principal of Accuracy in Financial Statements
Understanding the components of Financial Statements with specific focus on Manufacturing Industry
Demystifying the “Cost of Sales” component in Manufacturing Industry
Impact of inventory built-up on profit and financial ratios
Different cost structures and their impact on financial statements

This area of training will be delivered using the following innovative tools and techniques

Simulation Game customized for Finance for Manufacturing Cos.
Role plays; (CEO, CFO, Supplier, Customer)
Simulated Bidding Process to understand Cost Structures
Team structures; participants will be divided in 3 teams and shall understand the concepts by experiential learning

How to use financial data in Decision Making

Introduction to Financial Ratio Analysis Techniques
Calculation and interpretation of key financial ratios e.g.
Leverage ratios, ROA, Profitability ratios, Liquidity ratios
Various type of Return on Investment ratios

This segment of training will be delivered by using

Slides for key concepts
MS Excel for calculation & interpretation of ratios

Understanding of Working Capital Management

Components of Working Capital
Calculation of Working Capital
Various Working Capital strategies and their impact on financial statements

Working capital concepts will be elaborated by using

Real-life scenarios for keeping working capital at different levels and its impact on bottom line

What are the key Departmental Financial Measure?

Concept of Profit Centers and Responsibility Centers
How to set financial KPIs for departments and their tracking

Here we will use the scenarios to simulate the key financial measures of various departments in a Manufacturing Co.

Introduction to the various Financial Strategies

Impact of Financial Strategies on decision making
How to align the financial strategies with overall goals and objectives of the organization

This segment of training, will involve participants in a brainstorming session of creating various financial strategies using

Simulated game
Relating strategy with market conditions

Introduction to Budgeting

How budgets act as KPIs for financial performance tracking
Different types of budgets and when to use a specific budget type
How to interpret the variance in budgets and actual output
Introduction to Capital Budgeting
Various methods of capital budgeting including NPV, IRR, Payback method
How to use Capital Budgeting in Financial Decision Making

When we reach at this area of training, participants would be at a level to take financial decision. We will achieve this using

Case study on capital budgeting
Going through MS Excel template of Capital and Non-Capital Budgets
Relating the budgeting concepts in overall financial decision making

Using KPIs in improving efficiency and professionalism from junior employees

How to involve employees in financial decision making to enhance their management abilities

This would be the conclusion of the training and participants will be

Engaged in improving the team efficiency using KPIs and financial delegation techniques

Finance for non-Finance Executives – Finance Learning by Team Competition Gamification

Participants will Receive

Participation Certificate and course slides.

Read our blog on: Finance for Non-Finance Games Based Simulations

Cost, Profit and Break-Even Program

Finance for Non-Finance Games Based Simulations: Team competition consisting of four business cycles in which teams have full decision-making power and are accountable for the results. In each cycle, team-based companies develop and implement a business strategy which incorporates real-world dynamics: production capacity, customers, prices, financing, and more.