Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Finance for Non-Financial Managers

By: Tom Associates  

Lagos State, Nigeria

06 - 10 Nov, 2017  5 days

Follow Event

  

NGN 162,750

Exposure of managers to important financial concepts in day-to-day business transactions. It will help them take better decisions on the basis of financial implications on the business. It will also make managers know how to strengthen the internal control mechanisms for the organization.

Broad Competencies Addressed

  • Awareness, understanding and interpretation of the company’s Accounting and Financial statements
  • Effectiveness on the use of finance and accounting information
  • Ability to process and screen financial transactions
  • Comfortable decisions based on Accounting and Financial information
  • Ability to manage company performance strategically

Functional Competencies to Observe

At the end of the course, participants will display competence in the following eight areas:

  • Interpret and apply basic accounting terminologies
  • Judiciously spend and account for funds entrusted in their care
  • Can generate reports on their financial dealings in their various responsibility areas
  • Continually follow guidelines and due process in handling the organization’s funds
  • Desist from fund mismanagement in its entirety
  • Be in control and responsible for resources put at their disposal
  • Be  able to keep basic Books of Accounts to enhance transparency and accountability
  • Be able to identify and check fraud through internal control procedures.

Course Contents

Day One

  • Debit and Credit Explained
  • An Introduction to Profit and Loss (Income) Statement
  • Revenue
  • Cost
  • Gross surplus
  • Expenses
  • Overheads
  • Accruals
  • Prepayments
  • Debt management
  • Depreciation.
  • Financial prudence.

Day Two

  • Understand the Balance Sheets and Published Accounts
  • Define Balance Sheet
  • The funding side
  • The investment side
  • Format of the Balance Sheet
  • Assets
  • Fixed
  • Current           
  • Capital employed
  • Liabilities
  • Working capital
  • Prudent reserves.

Day Three

  • Bank Balances and Cash Management
  • Distinctions between Profit and Cash
  • Cash flow and its Forecast
  • Management of Working Capital
  • Debtors and Creditors
  • Stock and Inventory Turnover
  • Petty Cash Management
  • Tracking small cash expenses
  • The float or imprest
  • Petty Cash Book and its entries
  • Minimizing fraud
  • Reconciliation
  • How the organization statements often vary from cash book balances
  • Unpresented cheques
  • Uncredited cheques
  • Errors and omissions

Day Four

  • Accounting Ratios and Investment Decisions
  • How Ratios are employed
  • Liquidity ratios
  • Current ratios
  • Acid ratio
  • Current assets and liabilities
  • Improving liquidity ratios
  • Interpreting Ratios
  • Profit to Turnover
  • Return on Capital Employed
  • Stock Turn
  • Days Sales Outstanding
  • Gearing

Day Five

  • Control of Costs
  • Overhead costs
  • Variable costs
  • Pricing Decisions
  • Budgeting
  • Sales Budget
  • Profit Budget
  • Capital Expenditure Budget
  • Taxation
  • Principles of taxation
  • What tax means
  • Types of taxes
  • Incidence of  tax
  • Tax Avoidance and Tax Evasion
  • Who benefits from tax
  • Tax Planning.
  • Accounts and Finance Knowledge for Management Effectiveness:
  • Judiciously spending and accounting for entrusted funds
  • Generating reports on simple financial dealings
  • Following guidelines and due process in handling business funds
  • Identifying and checking fraud through internal control procedures
  • Reading the progress of the organization to develop the right strategies.
5/7 Alade Lawal Street, Opposite Divisional Police Station, Off Ikorodu Road, Anthony, Lagos. Nov 06 - 10 Nov, 2017

Registration: 08:30:am - 09:00:am

Class Session: 09:00:am - 04:00:am

NGN 162,750.00(Including VAT)
(Convert Currency)

08033019120

Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.
Related Courses
Strengthening the Skills of Officers in Public Administration Course Strengthening the Skills of Officers in Public Administration Course

5 days, 04 - 08 Jun, 2018 

2018-06-04 12:06:00
Lagos State, Nigeria

Tom Associates

This programme is to assist young government administrators to acquire and improve on the needed knowledge, skills and character so they can work to build more effective, efficient, accountable, and ...

Strengthening Your Business Model and Competitive Advantage Course Strengthening Your Business Model and Competitive Advantage Course

4 days, 08 - 11 May, 2018 

2018-05-08 12:05:00
Lagos State, Nigeria

Tom Associates

This Strengthening Your Business Model and Competitive Advantage course answers five critical business questions: Why are some businesses consistently outperforming their rivals? What is truly is a ...

Excellent English for Public Service Officers Course Excellent English for Public Service Officers Course

5 days, 26 - 30 Nov, 2018 

2018-11-26 12:11:00
Lagos State, Nigeria

Tom Associates

Effective writing in English, the official language, is a powerful tool in the hands of  public service officers. Brilliant officials articulate their thoughts in a clear and concise manner. ...

Internet Security Awarenes Training Internet Security Awarenes Training

5 days, 07 - 11 May, 2018 

2018-05-07 12:05:00
Lagos State, Nigeria

Tom Associates

Course Contents DAY ONE Having a security mindset What is Internet Security? What is at risk? Identity theft - people impersonating you Data theft of valuable personal and official data Accounts ...