Finance and Accounting for Non-Finance Professionals

This course is specially designed for non-finance managers seeking to have an understanding of finance and accounting.

Training Objectives:

• Understanding basic financial statements
• Understanding Nigerian financial reporting framework
• Financial statement analysis and modeling
• Basic budgeting
• Basic taxation etc

Methodology

• Instructor guided presentation
• Case studies
• Discussion session
• Scenario and Case study sessions

What to Expect

• Expert facilitation
• Souvenirs (classroom option)
• Tea break and Lunch (classroom option)
• Discussion session
• Practical Examples
• Certificate

Course Content

• The scope and purpose of financial statements for internal and external reporting
  • Understanding basic financial statements:
    • Statement of financial position
    • Statement of profit or loss and other comprehensive income
    • Statement of changes in equity
    • Statement of cash flow
  • Understanding Nigerian financial reporting framework:
    • Introduction to International Financial Reporting Standards
    • Financial statement preparation- IAS 1
    • Property, plant and equipment – IAS 16
    • Introduction to Financial instruments – IAS 39, IFRS 9, IFRS 7
• Financial statement analysis
  • Interpretation of financial statements:
    • Ratio analysis
    • Interpretation of financial ratios
• Basic budgeting:
  • Nature and purpose of budgeting
  • Budget preparation
• Basic taxation
  • Company Income Tax (CIT)
  • Education Tax
  • Information Technology Tax
  • Withholding Tax
  • Value Added Tax
• Personal Income Tax