An Intensive 5-day Training Course
Finance, Governance & Risk Management Instruments
for Non-Financial Professionals
Mastering Key Finance and Risk Management Concepts for Non-Financial Professionals
CLASSROOM DATES
INTRODUCTION
This 5-day EuroMaTech Training course provides senior professionals and young professionals with no prior background in Finance, Risk Management and Governance, the basic foundation to understand financial accounting skills, requisites of Governance and business fundamentals of Enterprise Risk Management, Internal Audit, Compliance and Business.
This Finance, Governance & Risk Management Instruments for Non-Financial Professionals training course will highlight:
- Financial Statements; what you should know about it?
- Banking Terminology, Concepts and Working Capital & Various Indicators (KPIs / KRIs)
- Risk Management Taxonomies
- Risk-based Audit and Risk-based Compliance and how to use it to control the business?
- Fundamentals of Corporate Governance
By the end of the training, participants will have a well-rounded understanding of how finance, governance, and risk management intersect and how they can apply this knowledge to drive organizational success.
TRAINING OBJECTIVES
This 5-day training course will enable the attendees to develop their skills and knowledge in relation to major financial areas and Governance and business fundamentals of Enterprise Risk Management, Internal Audit, Compliance and Business that they have to deal with while running the business in order to enable them to effectively carry out their pertinent duties in a highly professional standard.
At the end of this EuroMaTech training course, will enable participants to:
- Understand fundamental business finance concepts.
- Learn how effective risk management implementation enables the assessment, monitoring and reporting of different risks in support of decision making, business performance, and adherence to regulations, policies and mandates.
- Comprehend Fundamentals of Corporate Governance
- Understand organizational risks, risk appetite, risk tolerance, RCSA (CSRA), heat map and how to incorporate this into business planning.
- Explore Risk-based Internal Audit & Risk-based Compliance new approaches.
- Review and navigate financial, governance, and risk management frameworks relevant to their roles.
- Bridge the gap between non-financial roles and the financial/risk functions of an organization.
WHO SHOULD ATTEND?
This Finance, Governance & Risk Management Instruments for Non-Financial Professionals training course targets any manager or executive with diversified background looking to learn the fundamentals of Business.
This EuroMaTech training course is suitable to a wide range of professionals but will greatly benefit:
- Functional Supervisors and Managers
- All Professionals with Given Financial Responsibilities
- Young Professionals Being Introduced to Business and Finance
- Senior Professionals Who Want to Revive Risk Management Tasks
- Risk Management, Governance, Internal Audit and Compliance Officers
TRAINING METHODOLOGY
Participants will receive an in-depth training on the subjects covered by the EuroMatech training course with the Instructor utilizing a variety of proven adult learning teaching and facilitation techniques. Training methodology includes group discussions, Quizzes, and group presentations.
On a daily basis, delegates will be involved in going through practical case studies applying the knowledge gained during the day.
TRAINING SUMMARY
This Finance, Governance & Risk Management Instruments for Non-Financial Professionals training course is designed to provide participants with foundational knowledge and practical tools to navigate the complex interplay between financial principles, governance structures, and risk management. It equips trainees with the skills to make informed decisions, ensure compliance, and contribute effectively to organizational goals.
Essential Skills Covered will be Finance Fundamentals for Non-Financial Professionals, Governance Frameworks and Principles, Risk Management Integration, Financial Decision-Making Tools and Compliance and Regulatory Awareness.
Skills and Competencies Developed will be Strategic Financial Awareness, Governance Literacy, Risk Mitigation Proficiency, Collaboration Across Functions and Effective Communication.
TRAINING OUTLINE
Day 1: Financial Statements; What You Should Know About It?
- Basic Finance Concepts and Rules; Understanding the Characteristics of the Financial Statements
- Purpose & Objectives of Auditing Financial Statements
- Analyzing Financial Figures; Profitability, Liquidity, Leverage, Activity & Debt Ratios Analysis
- Cash Flow Analysis
- Working Capital and Firm Efficiency
- Key Performance Indicators (KPI) vs. Key Risk Indicators (KRI)
- Quiz + Case Study
Day 2: Banking Terminology & Concepts
- Commercial Banks vs. Investment Banks
- Different Bank Accounts; Saving, Time Deposit, Current A/C’s
- Lending Types: Overdraft vs. Term Loan and Lending Collaterals
- Letter of Credit
- Letter of Guarantee
- Primary Markets, Secondary Markets, Bonds, Stock / Shares
- Quiz
Risk-based Audit; how to use it to control the business?
- Internal Audit and how to control/scrutinize financial expenditure
- New Trend in Audit: Risk-based internal Audit
- How can I audit key financial issues?
- Auditors Reports: External Auditors / Internal Auditors
- Quiz + case study
Day 3: Compliance; All You Need to Learn About It
- Compliance; Definition, Concept, Rules, Principles
- Money Laundering Threats and Methods
- Terrorist Financing Threats and Methods
- Compliance Risk Assessment & Management
- Risk Assessment and Management Methodology
- Compliance Program Governance for AML/CTF
- Basic Terms and Definitions
Fundamentals of Corporate Governance
- Corporate Governance; Definition, Concept, Rules, Principles
- Audit, Compliance and Risk Management Triangle
- Effective Executive Management & Board Members
- Corporate Governance Committees; Audit Committee
- Quiz + Case Study
Day 4: Risk Management Taxonomies
- Fundamentals of Risk Management
- Risk Taxonomies
- Risk Management Universe
- Risk Management Framework
- Fundamental Concepts of Enterprise Risk Management
- Benefits of Enterprise Risk Management
- Risk Control Self-Assessment (RCSA)
- Quiz + Case Study
Day 5: Identifying Risk Categories
- Introduction to Different Types of Risks Categories
- Identifying Credit Risks / Financial Risks / Liquidity Risks
- Identifying Operational Risks
- Identifying Legal Risks
- Identifying Political Risks / Sovereign Risks
- Identifying Ethical Risks / Fraudulent Risks / Cyber Risks
- Identifying Non-Compliance Risks
- Identifying Reputational Risks
- Identifying Systemic Risks & Systematic Risks
- Quiz + Case Study
Business and Financial Lessons Learned from Crisis Situations
- Lessons Revealed from Crisis
- Business Lessons Learned by Leaders During Crisis
- Financial Lessons Learned from Crisis
- The Board’s role in Crisis Management
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
