PwC Academy: Finance for non-finance professionals

From: December 14, 2018 at 8:30 am
Till: December 14, 2018 at 4:30 pm
PwC Offices, Beirut

Understanding finance jargon, frameworks, and the impact of financial decisions on business is fundamental to the success of any professional, irrespective of grade, role or department.

PwC’s Academy Finance for non-finance professionals course covers fundamental concepts of finance and helps understand how these concepts are useful for decision making. Participants will gain an understanding of key financial statements and learn practical application of the most important and widely used financial techniques.

 

Date: Friday, December 14, 2018

Time: 8:30am to 4:30pm

Location: PricewaterhouseCoopers, Saba House bldg, Block B & C, Said Freiha Street, Hazmieh, Beirut

Price: US$600. Special Discount for Berytech Community (contact support@berytech.org for further information)

 

Key outcomes

By the end of this course, participants will:

  • Interpret and analyze the key elements of the financial statements
  • Understand the process of creating budgets along with best and worst practices
  • Prepare a budget in line with the organizational plan and understand how the budget relates to key financial concepts (i.e. financial statement, cash flow)
  • Use financial and budgeting techniques for effective decision making
  • Learn techniques for better cost control and product pricing

Who should attend?

This course is ideal for professionals from a non-finance background who want to develop their financial understanding, understand how their decisions affect an organization’s financial performance and improve their organization’s financial performance. The course will also be useful for new managers, existing managers as well as anyone looking to refresh their finance knowledge.

Outline

Business and strategy

  • Strategic overview of the business
  • Financial strategy of a business
  • Understanding the drivers of success in a business
  • EIC approach to business analysis and overview of macroeconomic data in the region

Financial statements overview and interpretation

  • Management accounting vs financial reporting
  • Overview of how financial accounts and statements are prepared
  • Overview of how revenue, costs, assets, liabilities and equity are recorded in accounts
  • Income statement (P&L Account) overview and structure
  • Balance sheet overview and structure
  • Cash flow statement overview and structure
  • Preparing financial statements using Excel with a given case study

Financial decision making techniques

  • Fixed, variable and semi variable cost and examples
  • Relevant V/S sunk costs
  • Opportunity costs
  • Break even analysis

Budgeting and Risk essentials

  • Definition, need and role of budgets
  • Budgeting process
  • Types of budgets and recent industry trends in budgeting
  • How do you effectively participate and communicate in the budgeting process
  • Types of risk and their management

Trainer

Arun Babbar. Arun is an accounting and finance trainer at PwC’s Academy. He is involved in the delivery of professional qualifications and corporate programmes. He has over a decade of experience in investments, banking and training which allows him to adopt a consultative approach while designing and delivering training solutions. His passion for research based financial strategies reflect in multiple books on ‘investment management’ that he has authored and co-authored.

About PwC’s Academy

PwC’s Academy is the education and training business of PwC. Our training programs build on the experience of having solved important problems in the Middle East for over forty years. Our world class trainers bring the collective knowledge of dedicated Academy staff and commercial expertise from the PwC global network to deliver training solutions with an immediate impact. We blend technical knowledge with behavioral competencies to build on what people know, how they think and what they can do. This is what it means to be ‘Trained by PwC’. www.pwcacademy-me.com

Contact to register

Dania George

T: +961 (5) 428 600 (Ext: 1606)

E: dania.george@pwc.com

 

Tania Salhab

T: +961 (5) 428 600 (ext. 1656)

E: tania.salhab@pwc.com

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