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Financial Management for Non-Financial Professionals

An Interactive 5-Day Training Course

Financial Management for Non-Financial Professionals

Improving your Management Potential with Finance Awareness

NASBA
Classroom Schedule
Date Venue Fees
14 - 18 Sep 2026 Dubai $ 5,950
28 Dec - 01 Jan 2027 Dubai $ 5,950
04 - 08 Jan 2027 Dubai $ 5,950
Online Schedule
Date Venue Fees
14 - 18 Sep 2026 Online $ 3,950

Introduction

Business professionals need to understand the financial factors critical to business success. This interactive Financial Management for Non-Financial Professionals training seminar will show how finance works in today’s fast-moving business environment. For any business the key elements of profitability, liquidity and financial structure are critical to continuing success and competitiveness. So these three elements are comprehensively explored and developed at all levels of business activity.

You will learn about the accounting processes of recording and reporting business transactions, and how these are summarised as periodic financial reports in accordance with statutory requirements. You will also learn how these financial reports are analysed by a variety of user groups.

This GLOMACS Financial Management for Non-Financial Professionals training seminar also has an inward focus, and will explain why management accounting is essential to business survival, and success. It will show how budgeting can control costs and improve profitability. It will explain and develop tools and techniques for evaluating proposed new investment projects. This training seminar will enable you to understand the business from both a financial and strategic perspective, and how business decisions will impact on corporate profitability.

Highlights of this training seminar:

  • The strategic and operational role of the Finance Function
  • The principles of accounting and financial reporting
  • How to understand and analyse financial reports?
  • How management accounting helps to maintain control and improve efficiency?
  • How we can ensure that investment returns meet the stockholders expectations?

Objectives

Having completed this training seminar, you should be able to:

  • Explain the nature and role of financial statements and their interpretation
  • Use the language of accounting and finance to communicate effectively with financial professionals
  • Review the financial performance and financial position of an organisation using the appropriate financial ratio and break-even analysis techniques
  • Use budgetary control to compare actual against planned performance and to identify corrective actions
  • Evaluate investment projects using DCF and other appraisal methods

Training Methodology

This interactive training seminar will comprise a range of learning activities, including tutor presentations, with question and answer opportunities, demonstration and practice of analytical techniques, group exercises and discussions, using case studies and current company and market information sources. Whilst the theoretical background to financial management will be explained and justified, the main emphasis will be on putting these into a real world context by providing a practical ‘toolkit’ of financial techniques.

Organisational Impact

What will your organisation gain from sending employees to attend this training seminar?

  • Greater awareness of the role of accounting and finance
  • Ability to understand the structure of accounting systems, and financial reports
  • Ability to make more effective and better informed contributions to financial discussions
  • Ability to use tools and techniques for financial control and financial management
  • Greater understanding of the key drivers which ensure sustainable growth and competitiveness
  • Awareness of how business risks can be identified, analysed, and managed

Personal Impact

Participants will be able to further develop their personal management skills by being:

  • More knowledgeable about accounting and finance systems, and the meaning of financial reports
  • Better informed financially, to enable improved management decision-making
  • Better able to contribute to financial discussion, and communicate in financial language
  • Better able to contribute to the effective financial management of their organisation
  • Able to evaluate alternative courses of action and identify the most effective choices with regard to the future improvement of their organisation
  • Able to liaise more effectively with other departments on financial matters

Who should Attend?

  • Sales and Marketing Executives
  • Supply-stream Professionals
  • Project Professionals
  • Internal Auditors
  • Any Non-financial Professionals who are required to read, interpret, and contribute to business financial reports
  • Senior Professionals of manufacturing, marketing, engineering
  • Human Resources Professionals
  • Legal Professionals
  • Executive Professionals who are involved with development of long-term customers, suppliers, outsourcing partners, and other global strategic alliances
  • Consultants who work with professionals and executives, to support improvements to operational and financial processes
Course Outline
Day 1

The Business Environment and the Role of Accounting

  • The Business Environment                  
  • The Uses and Purpose of Accounting   
  • Users of Accounting and Financial Information                        
  • Accounting Terminology
  • The Dual Entry Accounting System  
  • The Income Statement – financial performance                                    
  • The Balance Sheet – financial position
  • Cash Flow vs. Profit
  • The Cash Flow Statement - Where the cash comes from and where it goes to?
  • The Links between the Cash Flow Statement, Income Statement and Balance Sheet      
Day 2

The Financial Statements and Financial Analysis

  • Accounting Conventions and Accounting Standards (IFRS)
  • The Key Elements of Published Annual Financial Reports (AFR)            
  • Techniques for Interpreting the Financial Statements - Common-Size Analysis and Ratio Analysis
  • Financial Statements analysis – Case Study
  • Cash Flow Ratios – A different perspective                      
  • Predicting Business Failure with Ratios and other Key Indicators
  • Publicly Available Sources of Corporate Financial Information
Day 3

Budgeting and Break-even Analysis

  • Management Accounting – The Internal Perspective
  • The Importance of Cost Analysis – materials, labour and overheads
  • Understanding Overheads, and How they should be treated in internal analysis and decision-making
  • Cost / Volume / Profit (CVP) Analysis and The Break-even Point
  • Using CVP Analysis to make Profitable Decisions
  • The Purpose and Importance of Budgeting
  • Preparing and Implementing Your Budget
  • Different Budgeting Models – Are they relevant for your business?
  • Is budgeting an effective management technique?
    • Issues of Risk, Uncertainty, Motivation and Asymmetric Behaviour
Day 4

Budgetary Control and Capital Investment Appraisal

  • Budgetary Control with Monthly Management Reports
  • Standard Costing and Variance Analysis
  • Case Study on Calculating and Interpreting Variances
  • Internal Growth Strategies – Types of Capital Investment
  • Basic Appraisal Techniques as a Filtering Process – ARR and Payback
  • Why you should consider the time value of money?
  • Discounted Cash Flow Appraisal Techniques – NPV and IRR
  • Practical Issues to consider in NPV Appraisal - inflation, capital rationing, risk and uncertainty
  • Investment Appraisal Exercises using Spreadsheets
Day 5

Financing the Business and Re-organisation Strategies

  • Financing the Business – Why and When
  • Financing Principles, Short-term vs. Long-term, Debt vs. Equity
  • Sources and Types of Finance
  • Determining the Cost of Long-term Finance - The cost of Capital Models:
    • Cost of Equity (Ke) – Dividend Valuation Model
    • Cost of Equity (Ke) - Capital Asset Pricing Model
    • Cost of Debt (Kd)
    • Weighted Average Cost of Capital (WACC)
  • Review of External Growth Strategies:
    • Mergers, Acquisitions and Joint Ventures
  • Review of Restructuring Strategies: Demergers, Spin-offs, Unbundling, MBO, MBI, BIMBO
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

KHDA
NASBA

In Association With

Options & Brochure
Related Categories
Finance & Budgeting
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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