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Finance for non-Financial Managers
An Educational Services Provider Licensed By
As a Higher Education Institution
License Number 2015-005
Finance for Non-Financial Managers
Course Code: C5750
Brochure Published by Equinox Academy Ltd., an Equinox Group Company.
Equinox Academy Ltd,
36 Archbishop Street,
Valletta VLT 1447,
Malta
(+356) 2137 6242
http://www.equinoxadvisory.com/academy
equinoxacademy@equinoxadvisory.com
Publication Date: July 2017
Authors: Reece Delia
Reviewer: Bernard Mallia
Document Version: 2
C5750
Copyright Equinox Academy, 2017. All rights reserved.
1 | P a g e
We are a team of specialists passionate
about our work and with a common
ambition to share learning experiences with
people in the business community as well as
with civil servants and civil society.
Our training and educational services take a
holistic view. We usually (when budget is
available) start from a thorough training
needs analysis that looks at desired
organisational performance and the skills
required to achieve it as well as those
available to the organisation, all the way to
learning styles assessments and the
provision of the training courses
themselves, designed in line with the
learning styles of the attendees. We also
assist organisations in the application for
funding of training courses from sources
available at that point in time.
Our training is targeted, interactive and
relevant. It focuses on the behaviours
necessary for the achievement of business
We aim, wherever possible, to deliver
measurable performance improvement,
and support our work with deep knowledge
of measurement and evaluation of learning.
Our ability to combine training and subject
matter expertise across systems and
processes allows us focus on improving
operational performance.
Therefore, our solutions often go beyond
‘training’. We understand that performance
is influenced by a combination of factors,
and we seek to influence them as broadly as
possible. Most of our solutions represent a
blended approach to learning, reflecting our
belief that only the right mix of media,
tailored to the audience, will result in
behavioural change that can bring about
performance improvement.
About Equinox Academy
2 | P a g e
Providing a course to non-financial managers
on the basics of accounting and finance is
certainly crucial in today’s world where the
need for financial literacy cannot be stressed
enough. This is even more so when
considering the fact that organisations have
made great strides in their operational
setups, moving from a silo mentality to one
where matrix teams all have a say in how the
organisation is managed holistically. This
paradigm shift has had a bearing on various
operational activities from department-
specific procurement all the way up to
combining inputs from different
organisational departments for strategic
decision-making.
Indeed, a sustainable and prosperous
business mentality nowadays requires the
presence of cross-functionality amongst all
the various departments within an
organisation whereby different managers
discuss, exchange ideas and collaborate to
provide the best solutions for the enterprise
they work for.
In this milieu, accounting concepts such as
customer profitability analysis, lifecycle
costing as well as activity-based costing,
among many others, all require the crucial
input of various departments, working hand
in hand in one concerted effort to reach the
ultimate organisational objectives.
The training proposed offers two key
benefits – knowledge and confidence.
Precise, pertinent knowledge provided
during the course will help employees feel
secure in their day-to-day actions and equip
them with the necessary skills to collaborate
further with the finance function of the
company, thereby giving them further
confidence and purpose in their daily roles.
Programme Summary
3 | P a g e
The Objectives of this course include:
To define and understand the most commonly-used Technical Terms related to Accounting
and Finance;
To understand the basics related to Double-Entry Bookkeeping and the main
documentation prepared by the Finance Department;
To interpret a set of Financial Statements using appropriate Accounting Ratios assessing
key areas such as Liquidity, Profitability, Efficiency of Asset use as well as Return on
Investment;
To understand basic concepts of Management Accounting (such as Marginal and
Absorption Costing, Investment Appraisal etc.) and apply them to day-to-day Decision-
Making;
To generate Forecasts and Budgets using various Budgetary Models and apply Budgetary
Control Systems that Analyse variances from Budgeted Figures; and
To distinguish between Profits and Cash and apply Cash Management and Credit Control Techniques.
Course Objectives
4 | P a g e
Day 1
Basic Accounting and Finance Principles
Understanding what Accounting is all about and the key users of Accounting;
Having clear notions of the Main Accounting and Finance Terminology used;
Ability to understand the Accounting Equation and apply it accordingly;
Being able to understand and use the basic notions of Double-Entry;
Getting a good grasp of the Main Documents and Accounts prepared in a traditional
Accounting System; and
Understanding some basic concepts used in Accounting and Finance.
Interpretation of Financial Statements & Financial Ratio Analysis
Being able to recognise the main components of a Set of Financial Statements and their
respective Uses and Users;
Getting a good grasp of extracting pertinent Data from Financial Statements;
Understanding the benefits and drawbacks of Financial Ratio Analysis;
Having a good notion of the areas normally analysed using Accounting Ratios;
Being able to calculate and interpret the main Financial Accounting Ratios used in most
modern organisations and generate corresponding Reports summarising the main
results.
Programme
5 | P a g e
Day 2:
Generating Forecasts & Budgets
Being able to identify the main uses and users of Budgets and Forecasts;
Identifying the economic climate in which the Budgeting Exercise is taking place;
The Principles of Forecasting;
Budgetary Models (bottom-up, top-down and hybrid);
Preparation of the Main Budgets often used in business and being able to differentiate
between the various Categories of Budget Items;
Budgets as a Blueprint for action and a yardstick against which to measure
Performance;
Acquiring important Skills on how to generate budgeted and Forecast data in a
Methodological Process;
Budgets as Corporate Balancing Acts – understanding where a department stands in
this big balancing act based on Bargaining: ultimately Expenditure must be justified by
Revenues;
Getting an overview of the Potential Modifications made to traditional Budgets to
ensure their relevance to today’s Dynamic World; and
Setting up controls to Monitor Performance against Budget and to take Corrective Action where necessary.
Programme
6 | P a g e
Cash Management & Credit Control Techniques
Being able to Distinguish between Profits and Cash;
Understanding the reasons for Keeping Cash and the importance of Carefully
Managing it;
Getting a good grasp of various Cash Management Techniques;
Being aware of the issues surrounding Credit Risk and its reality within the local
context;
Maltese Debt Recovery Regulation; and
Becoming conversant with the use of a number of Credit Control Techniques.
Programme
7 | P a g e
Bernard Mallia is one of the trainers for this module. Our
executive training is exclusively designed for professionals
and we strongly believe that professionals should not just
expect a trainer who can walk them through theory. Our
training aims, and is accordingly designed, to be much more
than that.
We choose our trainers on the basis of their proven business
and problem-solving abilities. Bernard Mallia is an
experienced business professional with strong number
crunching and data analysis skills who also happens to be
passionate about lecturing and imparting skills. Bernard is
the person with whom our clients share practical real-life
scenarios and difficulties with the intent of finding solutions.
This makes our method of delivery a well-balanced trade-off
between broad-insight lecturing and problem-specific
consulting. The feedback that we have elicited from our
bespoke training sessions given by Bernard were invariably
very positive both inasmuch as the trainer himself is
concerned, and also with respect to the delivery method he
has used.
About the Trainers
8 | P a g e
Bernard Mallia is an experienced independent consultant and
adviser in the fields of economics, project management, ICT and
Information Systems. He has a polymathic background and was
awarded his first degree in Commerce with a specialisation in Public
Policy and Economics, as well as an honours degree in Public and
Private Sector Management from the University of Malta. He
pursued post-graduate studies at the University of Edinburgh where
he read for a M.Sc. in Economics, and at the European University
where he read for a M.Sc. in Information Systems. He has also been
the recipient of diplomas in Computerised Bookkeeping (IAB),
Project Management (CIC), and Advertising and Public Relations
(CIC). Bernard is a certified MS Office advanced user and a SQL
Server 2005 Microsoft Certified Professional. Bernard delivers
courses in:
• MS Excel;
• MS Word;
• Odds and Gaming;
• Risk Management;
• Project Management; and
• Regulatory Policy and Institutions.
About the Trainers
9 | P a g e
Reece Delia is a qualified accountant currently working as Chief
Financial Officer of Equinox Group. He was awarded his first-class
Bachelor in Commerce with a specialisation in Accountancy and
Banking and Finance from the University of Malta. Pursuing further
his studies, he read for a Master in Accountancy within the same
University, graduating with Distinction. He has ample experience in
the field of accounting and finance, previously having worked for
one of the international Big 4 audit firms –
PricewaterhouseCoopers – where he worked within the Company
Accounting and Administration Services Department, having also
garnered valuable experience in other areas of accounting such as
strategic management accounting, corporate governance and
ethics, risk management, financial management, auditing and
taxation.
About the Trainers About the Trainers About the Trainers
10 | P a g e
The Fee for the Course is as follows:
Registration Fee (Non-Refundable): EUR 35.
Course Fee including: Lectures, Course Notes, Certificate of Attendance and Refreshments
(Please see our Terms and Conditions on changes, rejections and cancellations): EUR 250
By registering for the course, you are agreeing to be bound by all the Terms and Conditions
including payment terms. Upon Registration, an invoice will be issued for payment, which includes
the Registration Fee and the Course Fee (which you will not be required to pay in terms of
rejection but for which you are agreeing to pay in case of acceptance in line with our Terms and
Conditions). The invoice is to be paid in its entirety within 15 days from the day of issuance.
However, should you not meet the Eligibility Criteria for the selected course, the Course Fee will
either not be levied or will be refunded if it has already been paid; the Registration Fee will remain
non-refundable.
Should you wish to check about your Eligibility or clarify any other issues prior to Registering,
kindly contact us on: equinoxacademy@equinoxadvisory.com
Fees
11 | P a g e
Sessions for this course will be held as follows:
Day 1 – 16th November 2017, 9:30 – 16:00
Day 2 – 17th November 2017, 9:30 – 16:00
NOVEMBER M T W T F S S
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The venue of the course will be communicated to the registered participants in ahead of the course
commencement.
Sessions
14 | P a g e
Contact Details
Equinox Academy Ltd, 36 Archbishop Street, Valletta VLT 1447, Malta
(+356) 2137 6242
http://www.equinoxadvisory.com/academy
equinoxacademy@equinoxadvisory.com
Go ahead. Ask away. Get in touch on any of the channels above.
QUESTIONS
&
ANSWERS
Where we hope you’ll find the answer to any question you may have about us and our courses.
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