VAT for Non Finance Professionals
VAT for non-Finance Professionals Training in Dubai is specifically designed for valued staff members, whom you want to have knowledge of basic finance and accounting in order to help them in their job performance.
The Idea of Training
DURATION OF THE TRAINING PROGRAM
DELIVERY METHOD
The Finance for Non-Finance Executives training is for 1 day which is considered to be effective as per previous experience while 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.
Pre Training Requirement
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.
Takeaways
Understand where information comes from for good decisions
- Understand the language associated with finance
- Read financial statements
- Fundamentals of budgeting and costing
- Understand difference Cash and Revenue
- Understand basic financial terms and analysis techniques
- Use “the numbers” to your best advantage to make more informed decisions
VAT for non-Finance Professionals
Learning Objectives
To raise the level of financial awareness of participants and enable them to use the financial information provided to make better short-term or long-term decisions.
After completing Finance for Non-financial Managers, you will have the ability to:
- Understand the language associated with finance
- Read financial statements
- Fundamentals of budgeting and costing
- Understand difference Cash and Revenue
- Understand basic financial terms and analysis techniques
- Use “the numbers” to your best advantage to make more informed decisions
COURSE Outline
COSTING
- Fixed and variable costs (categories of costs which exist and their implication on costing)
- How to do project costing (Understand costing concepts, and apply them in making business decisions)
BUDGETING & FORECASTING
- Basics of Budgeting
- How to set and manage budgets for tenders/biddings
- The importance of budgeting on business growth
CASH AND PROFITABILITY
- Cash Vs. Revenue and what is contract revenue
- How to forecast cash flow
- Departmental Profitability and profitability targets
BUSINESS ANALYSIS
- The need to control working capital
- How to conduct a ratio analysis
FINANCIAL STATEMENTS
- Understand the main components of a typical set of financial statements
- Basic financial terminology
OTHERS
- What are accruals and payables
- Introduction to inventory management
- Depreciation
Participants will receive
Participation Certificate and course slides.
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