FINANCIAL MANAGEMENT FOR NON-FINANCIAL MANAGERS

Course Code

FMA 301

Scope

Finance & Accounting

Duration

4 days

Status

ACTIVE

Competency

Ability to interpret financial statements, manage budgets, and make strategic financial decisions without a finance background.

Target Audience

Non-financial managers, department heads, project managers, and professionals moving into budget-holding roles.

Course Overview

This course is designed to equip non-financial managers with the fundamental principles of corporate finance and their application in business decision-making. It goes beyond basic accounting to help you understand how financial data is used to drive profitability, manage cash flow, and evaluate business performance. Through practical case studies and discussions, you will learn to interpret financial reports, analyze key performance indicators (KPIs), and apply financial techniques to make more strategic, profitable choices. The program highlights the relationship between operational decisions and financial outcomes, empowering you to contribute more effectively to your company's financial health.

Learning Objectives

Analyze financial statements to interpret a business's financial performance and position.
Evaluate investment opportunities and assess project viability from a financial perspective.
Apply budgetary controls and forecasting techniques to manage departmental spending and achieve financial targets.
Make data-driven decisions that enhance profitability and operational efficiency.

Daily Topics

Day 1: Introduction to Financial Statements – Balance sheet, Income statement, Cash flow statement; ISM Code financial provisions, SOLAS safety expenditure.

Day 2: Financial Analysis – Ratio analysis, Trend analysis, Benchmarking; MARPOL compliance cost analysis.

Day 3: Budgeting & Forecasting – Types of budgets, Forecasting techniques, Variance analysis; ISPS Code security budgeting.

Day 4: Investment Appraisal – NPV, IRR, Payback period, Case study simulation; ISM Code resource allocation.

References

ISM Code (financial resource management requirements), ISPS Code (security budgeting), SOLAS (safety expenditure planning), MARPOL (environmental compliance costs).

Upcoming Course Dates

January 18 – January 21, 2027

Marrakesh

Open

September 6 – September 9, 2027

Dammam