Mrs. Fadwa Darwish – UIC Secretary General, stated that in today's business world, financial knowledge is no longer limited to specialists only, but rather an essential skill needed by everyone seeking to understand the comprehensive picture of business activities and make decisions based on solid foundations. Even individuals who do not work in finance or accounting departments need to be familiar with basic financial concepts to understand how financial operations affect various aspects of the business, which enables them to make more effective decisions that are in line with the company's strategic objectives, and helps enhance efficiency and improve future expectations, which enhances the chances of success in a dynamic business environment.
Accordingly, UIC, through its training arm – the Investment Studies Center (ISC), designed a training program on “Finance for Non-Finance Professionals” for employees from various departments who hold non-financial positions and seek to enhance their financial knowledge. This program, presented by the lecturer Alaa Ghanem - CEO of Advisory and Business Company, was organized during the period 15th – 17th October 2024, through live interactive sessions at UIC premises.
Mrs. Fadwa Darwish pointed out that the training program focused on providing participants with the skills and knowledge that enable them to interpret and analyze the main elements of financial statements and understand how money flows in the company and the effects of any business transaction on the financial statements.
In addition, the program provided participants with a deep understanding of the budgeting process and its relationship to key financial concepts, how to track the flow of money within the company and the impact of various business operations on the financial statements.
This program is an important step towards developing participants' financial skills, as the acquired knowledge contributes to improving the decision-making process based on accurate and studied financial foundations, which contributes to effectively enhancing the financial performance of their institutions.
The program included a study of practical cases that enable participants to apply financial concepts in practice, in addition to training them on financial decision-making techniques based on fixed and variable cost analysis, and break-even point analysis. The budgeting process and how to participate effectively in it were also addressed, which enhances the efficiency of financial planning and the accuracy of strategic decision-making.
At the end of her statement, Mrs. Fadwa Darwish stressed the UIC permanent efforts and endeavors to support the cadres working in investment companies in an effort to contribute to developing the investment sector and raising its efficiency in order to achieve sustainable growth that enhances the sector’s ability to contribute to the development of the national economy.