Finance and Budgeting for Non-Finance Professionals in Batumi, Georgia

Program Date

11 Oct 15 Oct 2021

Program Location

Batumi, Georgia

Program Venue

Grand Gloria Hotel

Registration Closing Date

31 Aug 2021

Program Overview

Budgets determine how the entity’s resources will be allocated and distributed. Any organization is largely dependent on its financial wealth, hence the basic familiarity with financial terms is crucial for every professional at any employment level. This course provides a complete overview of basic budgeting and financial principles and proves to be extremely informative for the professionals with non-finance background.


Target Audience

Finance and Budgeting for Non-Finance Professionals in Batumi, Georgia has been specifically designed for the individuals from any given field who are willing to gain a quality understanding of finance and budgeting, or are planning to refresh their knowledge and take a good practice.


Program Objectives

Upon the successful completion of this course, the attendees will be able to:

  • Explain the importance of finance and interpretation of financial information
  • Apply the concepts of accounting and finance to analyze financials
  • Learn about key accounting and finance terms
  • Examine financial statements by using key ratios
  • Explain the importance of budgeting process
  • Learn about key components needed to improve profitability.

Program Contents

The Foundations of Finance & Accounting

  • Understanding the accounting cycle
  • The five main accounts in financial statements
  • Income statement
  • Balance sheet
  • Statement of owners’ equity
  • Statement of cash flows
  • Working capital management
  • The cycle of financial statements
  • External and internal auditing

Analyzing financial statements

  • Liquidity, Solvency, Activity & Profitability Ratios
  • Horizontal and trend analysis
  • Vertical analysis: common size statements

Introduction to Operating Budget

  • What is an operating budget
  • Steps to budget development
  • Master budget components
  • Approaches to budgeting
  • Budgetary control and correction

Capital Budgeting

  • Time value of money
  • The required rate of return for investments
  • Cash outflows and inflows for capital projects
  • Net present value calculation
  • Internal rate of return.

Program Methodology

Finance and Budgeting for Non-Finance Professionals in Batumi, Georgia will be conducted using modern adult learning techniques and training methodology. The tools applied will include presentation, group discussions, simulation game, practical activities, individual assignments and case studies. The presenter will encourage the maximum participation from delegates in order to enhance the understanding and appliance of knowledge acquired.

Program Fee
US$2950

Payment Options

Fee Covers

  • Visa Assistance (complementary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report

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