Mrs. Arezoo Goudarzi,
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Course Start
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12 Hours
CAD
Previous Cohorts
Live Online
Outstanding Support
Valid Certificate
Course Language: Persian
Training Materials: English
Course Introduction
If you are looking to take an engaging, practical, hands-on, and easy-to-understand course to learn many key principles and concepts of finance, accounting, and pricing, we highly recommend Financial Management for Non-Financial Managers.
Management is a decision-making process, and decision-making requires information. Among the various types of information that managers need in order to make decisions, financial information holds a special place, because almost all managerial decisions have direct financial effects and consequences, or indirectly affect the financial position of the organization.
Financial and accounting information provides managers with a valuable tool for making decisions related to the financing, allocation, and control of economic resources. Therefore, improving managers’ knowledge and ability to use this tool is a highly important aspect of management training.
The Need for Accounting and Financial Information
In our daily lives, we all face questions such as:
- How much financial resources do we need to meet our requirements?
- What is the best way to obtain these resources?
- How can we create a balance between our income and expenses?
- And finally, how should we plan to secure the financial resources needed to buy a car, purchase a home, or renovate and improve them?
Questions like these, on a larger scale, exist in all businesses, enterprises, organizations, and institutions, and are faced by their owners and managers. In fact, the economic resources available to every individual, business, organization, and institution are limited. Making the best use of these limited resources and achieving the highest possible results from them requires proper planning, sound judgment, and effective management. This, in turn, requires access to information about these resources, which must be prepared and made available to decision-makers.
Why should we spend our time learning accounting?
- Learning and understanding accounting principles is an effective way to understand financial, business, investment, and personal finance matters.
- Accounting is a gateway to the world of business.
- All managers need to understand financial concepts so they can use financial information effectively.
- No manager can avoid being involved in at least some financial aspects of their job.
- Even non-financial managers need to understand how the work they do relates to the overall financial success of their company.
- Managers, whether in the private or public sector, play a significant role in advancing the economic objectives of these institutions.
outlines
Introduction to Accounting Principles
- Balance Sheet
- Profit and Loss
- Accrual Accounting
- Double-Entry Accounting
- Depreciation
- Reviewing Financial Statements and Evaluating Companies
Financial and Management Ratios
- Return on Equity (ROE)
- Return on Investment (ROI)
- Cash Flow
- Current Liquidity
- Shareholders’ Equity Ratio
- Debt Ratio
- Productivity
Pricing and Costing
- Cost Accounting
- Pricing Policy
- Direct Costs / Indirect Costs
- Sales Margin
- Cost Center Accounting
- Profit Center Accounting
TRAINER
Board Chair, Finance Leader, Trainer, and Management Consultant
Arezoo Goudarzi is the member of the Board at GIGAPM and has more than 27 years of professional experience in management, training, and consulting. Her work background includes management consulting, quality management, financial management, and strategy-related training. She has also translated and authored four specialized books in the field of quality management.
She holds an Executive MBA and a bachelor’s degree in Industrial Engineering. Her professional credentials and experience include PMI-PBA, Six Sigma Green Belt, EBC*L Level A, EFQM assessment, more than 100 training courses, and more than 10 academic and professional papers.
Finance for none financial managers workshop Your Opinion
Farshad Sabet
I would like to express my sincere appreciation for holding the Financial Management course, and I recommend this course to all managers.
What I learned from this course included basic and fundamental concepts for understanding financial statements, familiarity with the alphabet and language of finance, a better perspective on profit generation and the management of expenses and costs, and how to use these concepts to optimize the performance of organizational units.
Positive points of the course included the instructor’s excellent presentation, mastery of the main and related topics, appropriate human interaction between the instructor and participants, punctuality and precision in managing the class, and the relevance of the topics to our needs.
I hope to have the opportunity to learn more advanced and specialized topics with you again.
Masoud Tehrani Majd
Financial Management for Non-Financial Managers is an essential and necessary course for anyone who has a vision of becoming a manager.
It is for those who are thinking about starting an economic business, whether small or large; for those who are interested in investment; for those who are caught up in the complexities of daily calculations and managing their income and expenses; and for those who are eager to step into and experience the world of finance, even briefly.
GIGAPM cannot be compared with other institutions, because the way the instructors and leaders of GIGAPM present the material and their mastery of the topics turn the online environment into an in-person experience. You truly feel as if you are attending a face-to-face class, something that does not happen in other online courses offered by other companies.
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