Reading and Analyzing Financial Statements and budgets for Non-Financial

Course Dates :

08/09/25

5

Course ID:

250908041001272EGI

Course Duration :

5 Studying Day/s

Course Location:

Course Category:

Professional and CPD Training Programs

Subcategories: Construction Safety, Health and Wellbeing, Environmental Sustainability, Risk Management, Technical Skills Development, Leadership and Communication, Quality Assurance

Course Certified By:

* Projacs Academy

* Professional Training and CPD Programs

Leading to:
Executive Diploma Certificate
Leading to:
Executive Mini Masters Certificate
Leading to
Executive Masters Certificate

Certification Will Be Issued From : KSA

Course Information

Introduction

Financial literacy is a cornerstone of effective decision-making in any organization, yet many professionals outside the finance department find themselves navigating a labyrinth of unfamiliar terms, documents, and metrics. For HR managers, marketing executives, project coordinators, and consultants, understanding financial statements and budgets is not merely an optional skill but a critical competency that enhances their ability to contribute meaningfully to organizational strategy. This course bridges the gap between technical financial knowledge and practical application, empowering non-financial professionals to interpret key financial data with confidence.

The need for such training arises from a persistent disconnect between financial and non-financial teams. A McKinsey report on cross-functional collaboration highlights that misalignment between departments often stems from differing languages and priorities, with finance being one of the most misunderstood areas. By equipping non-financial professionals with the tools to decode balance sheets, income statements, and cash flow statements, this course addresses a fundamental challenge: enabling all stakeholders to speak the same financial language. Doing so fosters better communication, more informed decisions, and ultimately, improved organizational performance.

Consider the case of a mid-sized retail company where the marketing team launched an ambitious campaign without fully understanding its budgetary constraints or profitability implications. The campaign exceeded allocated funds, leading to internal friction and missed opportunities for growth. Such scenarios underscore the importance of financial acumen beyond the finance department. Mastering financial analysis empowers professionals to align their initiatives with overarching business goals, ensuring that resources are allocated efficiently and strategically.

This course draws on established frameworks like Porter’s Value Chain Analysis and Kaplan and Norton’s Balanced Scorecard to provide participants with a holistic view of how financial data integrates into broader organizational strategies. It also incorporates insights from industry trends, such as the increasing emphasis on sustainability reporting and ESG (Environmental, Social, and Governance) metrics, which are reshaping how companies evaluate success. Participants will gain exposure to these emerging practices, positioning them as forward-thinking contributors within their organizations.

Beyond individual growth, the benefits of mastering financial statement analysis extend to entire organizations. Teams equipped with financial literacy can identify cost-saving opportunities, forecast potential risks, and propose innovative solutions grounded in data-driven insights. Moreover, studies have shown that organizations with high levels of financial transparency tend to experience greater employee engagement and trust—a testament to the ripple effects of shared financial understanding.

Whether you’re a seasoned professional seeking to broaden your skill set or a newcomer eager to establish a strong foundation, this course offers invaluable knowledge tailored to real-world challenges. Through interactive exercises, case studies, and expert guidance, participants will emerge not only capable of reading financial statements but also confident in leveraging this knowledge to drive positive change within their organizations.

Objectives

By attending this course, participants will be able to:

Define the components of financial statements, including balance sheets, income statements, and cash flow statements, and explain their interrelationships.
Analyze financial ratios and key performance indicators (KPIs) to assess an organization’s financial health and operational efficiency.
Evaluate budget variances and propose actionable recommendations to address discrepancies.
Apply industry-standard frameworks, such as Porter’s Five Forces and SWOT analysis, to contextualize financial data within strategic planning.
Design concise reports summarizing financial findings for non-financial stakeholders using clear visualizations and narratives.
Implement best practices for integrating ESG considerations into financial analyses.
Synthesize insights from financial statements to support evidence-based decision-making across various functional areas.

Who Should Attend?

This course is ideal for:

HR managers tasked with workforce planning and compensation benchmarking.
Marketing and sales professionals responsible for campaign ROI assessments.
Project managers overseeing resource allocation and budget tracking.
Consultants advising clients on operational improvements or mergers/acquisitions.
Educators and trainers developing curricula focused on business fundamentals.


These groups will find immense value in gaining a deeper understanding of financial statements, enabling them to align their activities with organizational objectives and enhance their credibility. While prior financial knowledge is beneficial, the course is designed to accommodate beginners, making it accessible to those new to the subject while still offering advanced insights for intermediate learners.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm