KPMG Academy Jordan. Finance for Non finance Executives Programme. June 2016 kpmg.com/jo

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1 KPMG Academy Jordan Finance for Non finance Executives Programme June 2016 kpmg.com/jo

2 FFNF Programme Overview The Need Operating managers, in order to be effective and result oriented, should be finance savvy, able to understand, present, drive and measure business plans in terms of financial figures, and communicate in a common business language through financial figures. An introductory programme on finance can be instrumental in enhancing the profile of operating managers. Further, operating managers need to be equipped with a financial decision making tool kit which helps them identify businesses to get into, take pricing decisions, identify areas for cost reduction and take, make or buy decisions. In other words, knowledge of finance becomes important as it exerts an unifying influence over processes that aim at attaining a company s goal. The programme provides managers with an extensive working knowledge of critical financial principles in an easy to follow manner, so that the knowledge gained can help them take better decisions in their organisation. Objective This programme aims to meet the requirements of operating managers in different functional areas who would like to be well versed with the introductory nuances of finance. Deciphering financial jargon and developing the ability to see the business implications of numbers is a key outcome of this programme which aims to: Enhance role as decision-makers and underst and the implications of finance on corporate activities. Help them understand and analyse financial statements. Put them in a better position to discuss the relevant financial issues with finance managers in their organization Understand the impact of various decisions on the company s performance. FFNF Programme Overview 01

3 Programme Highlights 1 Experience 2 Designed with a mix of experience sharing, real life case discussions, besides lectures conducted in class. Insights Provides practical insights and gives non specialists a swift appreciation of the fundamentals of finance & accounting, leading to better retention of the gained knowledge. Faculty 3 4 Awards Training Participants shall be provided with a copy of the training material Participants shall be awarded a certificate of participation from KPMG in Jordan. We adopted the live sessions and classes style, given by professional certified instructors from KPMG Jordan. FFNF Programme Overview 02

4 Programme Details Basics of Fnancial Accounting and Understanding Financial Statements Balance Sheet. Profit and Loss Account. Revised Schedule VI. Cash Flow Statements. Net Profit versus Net Cash Flow. Working Capital Management Kinds of Working Capital. Operating Cycle and Components of Working Capital. Working Capital Management & decision making. Interim Assessment Cost Information For Decision Making and Budgeting Cost Concepts including discussion on Marginal Costing. Some Important Definitions. Make or buy. Shut down or continue. Sell or process further. Domestic versus Export sales. Need and Type of Budgets. Alternative Approaches for Budgeting. Commonly used Budgets. Budgetary Control Process. Limitations of Budgets. Case Study and Illustrations. Evaluation Of Investment Projects Capital Budgeting Meaning. Approach to Capital Budgeting. Techniques of Capital Budgeting. Practical Application of NPV and IRR. Features of Capital Budgeting Decision. Case Study and Illustrations. FFNF Programme Overview 03

5 KPMG Academy Leaders

6 KPMG Academy Leaders Hatem leads all line of services in KPMG Jordan, serving a wide array of sectors most notably Manufacturing, Financial, Retail, Real Estate, Insurance, and government companies. He has also worked on a number of global cross border transactions, acquisitions and related transactions. In addition, he was also responsible for corporate and personal income tax services and had advised many international companies on Jordanian tax issues. Certified Public Accountant (CPA) - the state of Illinois, USA Jordanian Certified Public Accountant - Jordan Association of Certified Public. Accountant Chairman of the Board of Jordanian Association of Certified Public Accountants B.Sc in Accounting University of Jordan. Member of the Higher Commission on the Regulation of Accountancy Practice in the. Hashemite Kingdom of Jordan. Member of the Committee of Auditing Certification in Arab Academy for Banking and Finance. Board Member of KPMG Gulf Holding. Board Member of KPMG Iraq. Hatem Kawasmy Managing Partner Hazem is a Qualified Audit Director with over 15 years of big four firms. Experience providing audit and assurance services across a wide variety of the largest public and private corporations with primary focus on banking, financial institutions, and insurance and investment companies Jordanian Certified Public Accountant - Jordan Association of Certified Public. Accountant JCPA Certification and accreditation from Applied Science University BA, Accounting with a Very Good Grade. Hazem Abugharbieh Director- External Audit Services KPMG Academy Leaders 04

7 Ahmed joined KPMG Jordan in April I have over 12 years of experience in the fields of auditing, Banking, Microfinance, Insurance, Aviation, Education, Healthcare, Manufacturing, Retail, Semi-government institutions, Construction, Shipping and Logistics and providing wide range of services including accounting advisory services, internal audit and risk management in addition to compliance services. he has also led major advisory projects including, Anti Money Laundering reviews, Fraud investigation and Business Continuity Plan, (JCPA (Jordan Certified Public Accountant, CIA (Certified Internal Auditor). IIA, USA CRMA (Certification in Risk Management Assurance). IIA, USA Ahmed Al-Qawasmi Senior Manager, Risk Consulting KPMG Academy Leaders 05

8 Who Should Attend?

9 Who Should Attend? This programme is designed for Managers, Senior managers, middle level Executives in non-financial positions who need to improve their financial skills in order to make critical business decisions involving cost-savings, budgets, new projects and growth strategies. This programme is also appropriate for non-financial Managers in every functional area across all the industries, both in public and private sectors. Project Managers, Team leaders and Divisional and Departmental Heads in Non-finance fields: Marketing, IT, HR, Strategy, including Directors with limited financial background Programme Fee JD 350 per participant JD 300 for a group of three JD 275 for a group of six Programme fee is Exclusive of all applicable taxes. Programme fee is Non refundable, however alternate persons can be nominated. Fee can be paid through Cheque/ Cash paymnet in Bank Account No: 1060/939/501(JOD) Islamic International Arab Bank. Date & Venue 30 & 31 August 2016 KPMG office at the respective location Coffee breaks, lunch and refreshments will be served. Who Shoud Attened? 06

10 About KPMG Jordan

11 About KPMG Jordan KPMG Academy launched as the first professional training Academy in the Middle East by KPMG Jordan adding new line of business. Providing training solutions and certification programs in Accounting, Finance, Auditing and IFRS. With Hatem Kawasmy efforts as the Managing Partner at KPMG Jordan, he s well known in the professional training filed and passionate toward trainings with a long journey for more than 15 years now in Jordan and other Arab countries, delivering CPA, CMA & DipIFR training sessions for several clients in different markets. Succeed to add the professional trainings solutions eventually as one of the Advisory services adapted by KPMG team in Jordan. KPMG Academy involved with the candidates to get them ready to sit for the international examinations and increasing the passing rates by equip them with the needed tools and suitable training materials. Focuses on the highly recognized designations as CPA, CMA, CIA, DipIFR and others. In addition, KPMG Academy specialized in soft skills trainings and customizable In-house training solutions to meet the needs of the market and the ongoing changes updates in the business world. Why KPMG Academy We are client focus, committed to excellence, our global mindset and consistent delivery build trusted relationships which are at the core of our business and reputation. Who Shoud Attened? 07

12 Contact us Ala a Aldwairi Training Manager KPMG Academy Jordan aaldwairi@kpmg.com Follow us on: /KPMGJordan 2016 KPMG Kawasmy & Partners, a partnership registered in Jordan, is a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss cooperative..