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Finance for Non-Financial Managers Course

By: Tom Associates Training  

Kwara State, Nigeria

19 - 23 Aug, 2019  5 days

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NGN 175,000

Venue: Ilorin Venue: 37 OFFA ROAD, ALONG FLOWER GARDEN OPPOSITE ROAD SAFETY HQ., G.R.A., ILORIN.

Learn the relevant language of basic accounts.

Learn about the financial cause-and-effect of a sale.

Learn how to make sales more profitable.

Learn about product pricing.

Learn about credit policies.

Learn the implications of discount structure.

Course Content

Day One

  • Debit and Credit Explained
  • An Introduction to Profit & 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 sides
    • The investment sides
  • 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
    • Minimising fraud.
  • Reconciliation
    • How the organisation 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.
Ilorin Venue: 37 OFFA ROAD, ALONG FLOWER GARDEN OPPOSITE ROAD SAFETY HQ., G.R.A., ILORIN. Aug 19 - 23 Aug, 2019

Registration: 09:00:am - 04:00:am

NGN 175,000.00(VAT Inclusive)
(Convert Currency)

MR ABIODUN TOKI 08033019120

Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.
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