FINANCE FOR NON-FINANCE PERSONNEL

InterContinental Muscat, Oman; 18th - 21st March 2007





WHY NEEDED

An understanding of finance and the application of finance and accounting techniques is vital for every business professional in any corporate structure. It is essential to have an understanding of accounting terminology and to be able to interpret financial statements and reports.

The objectives of this workshop are to enhance the participants' knowledge in accounting and finance practices and develop their skills in financial analysis, evaluation, risk management and financial decision making.

Case studies will be discussed and delegates will have the opportunity to work on examples to help better understand the concepts being covered.

WORKSHOP DETAILS

§ Duration: Four Days, 18th - 21st March 2007; 8:30am - 4:30pm;

§ Fees: Rial Omani 725 (includes programme materials, lunch & breaks at the venue);

§ Presenter: Michael Papadakis, BSC (Eng), FCA, DipM.MCIM, FCEA;

§ Venue: InterContinental Muscat, Oman.

WHO SHOULD PARTICIPATE

Financial and non-financial managers, supervisors, coordinators and specialists involved in different departments of an organisation.


WHAT WILL BE COVERED

§ Accounting and Financial Statements

§ Ratio Analysis and Review of Financial Statements

§ Budgeting

§ Decision Making and Investment Evaluation Techniques





Please contact us for further information & registration


Precept Management Consultancy

P.O. Box 255, Ruwi, PC 112, Sultanate of Oman

Telephone: +968 24539853 or +968 24497222; Fax: +968 24540420,

E-mail: precept@omantel.net.om ; Website: www.preceptmanagement.com

THE WORKSHOP

DAY 1
ACCOUNTING AND FINANCIAL STATEMENTS


Accounting terminology, concepts and policies

International accounting standards

Published financial statements and reports

The technique of preparing financial statements

Trading, profit and loss account

Balance Sheet

Cash Flow Statement

Calculation of Ratios

Case studies


DAY 2
RATIO ANALYSIS AND REVIEW OF FINANCIAL STATEMENTS


Financial analysis

Financial trends

Performance and ratio analysis

Measuring profitability

Measuring liquidity

Measuring management efficiency

Measures of return for investors

Credit risk

Credit scoring

Credit policy and liquidity

Interest rate risk

Exchange rate risk

Case studies




DAY 3
BUDGETING


The role and purpose of budgets

Preparing the departmental budgets (Sales&Marketing budget, Production budget, etc)

Cash budget

Capital expenditure budget

The Master Budget

Budgets and predictive models

Flexible and flexed budgets

Performance reporting

Behavioural aspects of budgeting

Participation in budget setting

Budgets as motivational targets

Continuous (rolling) budgets

Zero based budgeting (ZBB)

Activity based budgeting (ABB)

Case studies


DAY 4
DECISION MAKING AND INVESTMENT EVALUATION TECHNIQUES


Relevant costs for decision making

Examples of relevant and non-relevant costs for decision making

Minimum pricing for quotation for special orders

Make or buy decisions

Decision when to close a department or factory

Compound interest

Annuities

Present values

Net present values

Capital investment appraisal using Net Present Values (NPV)

Capital investment appraisal using Internal Rate of Return (IRR)

Payback period

Return on capital employed

Case studies







To register online, please click here.



THE COMPANY

M. Papadakis & Co. is a firm of Chartered Accountants based in Nicosia, Cyprus and has a wide range of clients from industry, commerce and the financial sector and operates in the Middle East, Cyprus, Greece, Russia, North Africa and other regions.



Mr. Michael Papadakis, BSc. (Eng), FCA, DipM.MCIM, FCEA, graduated as a Chemical Engineer, and trained and qualified as a Chartered Accountant in the UK. He is a member of the Institute of Chartered Accountants in England & Wales, a member of the Chartered Institute of Marketing and a Fellow of the Institute of Cost & Executive Accountants.




PRESENTER'S PROFILE


Michael Papadakis
Qualifications

§ BSc Honors in Chemical Engineering from the United Kingdom

§ Fellow of the Institute of Chartered Accountants in England and Wales

§ Diploma of the Chartered Institute of Marketing

§ Fellow and Examiner of the Institute of the Cost and Executive Accountants of the UK

§ Training Principal approved by the Association of the Chartered Certified Accountants


Summary of Experience

1976-1979

§ Trained in London with Deloitte, Haskins & Sells, one of the top ten multinational auditing firms of Chartered Accountants

1980 to date

§ Founder of M. Papadakis & Co., an accountancy firm offering auditing, accountancy & management consultancy services in Cyprus & the Middle East

§ Member of the Board of Directors of listed companies and public utilities

§ Extensive involvement in designing and developing training programmes for senior personnel of petrochemical companies in Cyprus, the Middle East and North Africa, offering in-house tailor-made workshops in financial accountancy, management accountancy, costing and auditing








To register online, please click here



OTHER WORKSHOPS IN 2007:





UNITED ARAB EMIRATES





SECURITY COORDINATION & MANAGEMENT

Burj Al Arab, Dubai; 22nd - 26th April

This five-day workshop is a comprehensive introduction to the essentials of corporate security management, and is designed to provide full-time security management staff and those for whom security is one of a number of responsibilities with the knowledge and confidence necessary to manage a successful loss prevention operation. The workshop takes the form of lectures, workshops, discussions and exercises, during which delegates, syndicated into groups, will have the opportunity to solve typical security problems.



REID TECHNIQUE OF INVESTIGATIVE INTERVIEWING FOR LOSS PREVENTION & CORPORATE SECURITY PERSONNEL

Grand Hyatt, Dubai; 4th - 7th June

This four-day workshop is specifically designed for corporate security, loss prevention & asset protection professionals as well as Human Resources personnel.



During the first three days, participants will learn the Reid Technique of Interviewing and Interrogation, widely recognised at the most effective means available to exonerate the innocent and identify the guilty. The workshop is based on the basic tenet of the Reid Technique, as taught by John E. Reid and Associates, that a custodial suspect must be advised of his rights prior to questioning about a criminal act.



The fourth day is designed to build on the information learned and particular emphasis is placed on how to elicit information from the suspect during the interview stage that will serve as the basis for developing an individualised interrogational approach, based on the suspect's profile and characteristics.



STRATEGIC SECURITY MANAGEMENT

Madinat Jumeirah, Dubai; 22nd - 26th July

This five-day workshop is designed to enhance security managers' ability to formulate security policy and manage security programmes at a regional or corporate level. It is assumed participants have already attended core skills and senior security management programmes and have a strong understanding of security risk management and the application of physical and procedural security.

The course will culminate in a one-day strategic security management simulation exercise, which is designed to provide a realistic context in which delegates, working in syndicates, can exercise the skills learned on the course. The exercise will be based around a series of security events which befall a notional company and will test delegates' ability to address the needs of the company stakeholders in a balanced manner whilst simultaneously ensuring that corporate interests remain paramount.

SULTANATE OF OMAN





EFFECTIVE TIME MANAGEMENT

Crowne Plaza Muscat; 12th - 13th November

Are you at constant war with deadlines? Are you juggling too many projects? Do you procrastinate or underestimate the amount of time a task will take to complete to satisfaction? Perhaps the way you manage your time is the culprit.




Through taking a goal-focused approach this workshop helps you to plan and increase your available time for productive work. You will also learn techniques that will assist you to handle paperwork effectively, deal with interruptions, determine individual goals and establish priorities. Improve your efficiency and effectiveness by gaining better overview and control of both your professional and personal life.





For more information about Precept you are welcome to visit us at:

www.preceptmanagement.com