This two -day intensive training will assist staff from non-financial backgrounds to better appreciate the importance of accounting and finance within their organization. It provides a comprehensive overview of finance terminologies, tools, concepts and knowledge enabling participants to correctly analyze report and monitor financial activities.
Key Program Areas:
- Accounting system and Process involved
- Financial Statements and Interpretation
- Financing Options: Debt and Equity financing, Understanding the Cost of Capital
- Budget and Budgetary systems
- Cash flow and Financial Statement forecasting
- Investment Decisions using payback, discounted cash flows, etc.
- Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others, etc.
- The accounting process: journals and ledgers, how debits and credits work
- Basic accounting principles: Applying accounting conventions and guidelines
- Developing working rules regarding your corporate financial statements
- Using the balance sheet to examine assets and liabilities
- Analyzing the income statement to assess revenues and expenses
- The statement of cash flow: sources and uses of funds
- Content and format of the annual report
- Understanding the Notes to the financial Statement
- Debt vs. equity financing
- How leveraging can increase return to shareholders
- Keeping your plan on target with budgetary controls
- Using profit-planning tools, break-even analysis, financial forecasting
- Cash flow: where cash comes from and how it’s applied
- Elements of cost accounting
- Analyzing payback method, discounted cash flow, present value and present value index in making profitable capital investment decisions
- Understanding the cost of capital
This program answers questions such as:
- What can we learn from the financial statements of a firm?
- The executive must play the role of detective in analyzing financial statements. What problem areas exist?
- What are the opportunities for improving efficiencies?
- What do the financial statements suggest about key areas of financial management: liquidity, efficiency, leverage or gearing, and profitability?
- From a financial standpoint, what are the key drivers of business success?
- What isn’t shown on the financial statements?
- What is the difference between economic and accounting statements of financial health and performance?
- No advance preparation is required for this course.
Who should attend?
Executives, Directors, senior managers, and team leaders from government departments and regulatory agencies, Commercial banks and private companies who are not financially trained but are responsible for decisions affected by or based on the organization’s finances.