TRAINING COURSES

Fundamentals of Finance & Accounting

Start Date: 1 Dec 2019
End Date: 5 Dec 2019
Duration: 5
Fees:
Country: Dubai / UAE
Category: Finance, Accounting & Investment
Details:

Introduction

Financial skills and knowledge are vital for all managers in all organisations. A more challenging business and economic climate and an increase in financial delegation is making this even more so.

Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals.This interactive and engaging programme addresses these important issues.

Key areas covered in this program include:

         Reading, interpreting and using financial statements (internal and external)

         Improving business cases and decision making

         Costing and presenting plans and proposals

         Working more effectively with budgets

         Delivering improved financial performance, profit & cash flow

 

Objectives

At the end of this program delegates will be able to:

         Read and interpret financial statements

         Analyse business performance

         Contribute to cash and working capital management

         Build budgets and Manage costs and budgets

         Present business cases and utilise financing techniques to improve decision making

 

Training Methodology

The training uses an interesting mix of lively discussion, case studies and exercises, contemporary examples and videos.

We focus on the practical application of concepts and ideas. Experiences from real business situations and decisions will be used to bring concepts to life.Delegates are requested to bring copies of their organizationís accounts together with internal financial reports that they work with.

 

Organisational Impact

Organisations will benefit from trained managers who will:

         Make better business and management decisions and cases

         Mange budgets and resources more effectively

         Have better regard for their impacts on:

o    Profit

o    Cash

o    Business Risk

o    Business Performance

         Work more effectively with colleagues in other functions (including finance)

         Identify more opportunities to improve business performance

         Provide knowledge and understanding that can be shared amongst other departments of the business

 

Personal Impact

Participants will be able to advance their careers as a result of understanding the various subject covered. In particular they will be able to:

         Understand the basic concepts of finance as it relates to their businesses

         Interpret their organizations financial signals

         Think and speak the language of finance

         Read and understand balance sheets and profit-and-loss statements

         Understand how to control and manage a companies cash flow

 

Who Should Attend?

         All Professionals with financial responsibility

         Financial professionals wishing to brush up their knowledge and skills

         Junior personnel seeking career progression

         Senior Executives seeking to refresh their understanding or fill in some gaps in their professional development.

 

 SEMINAR OUTLINE 

 

DAY 1

The Basics

         Accounting Terminology and Policies

         Accounting as an information system

         The accounting equation- what does it mean

         Generally accepted Accounting Principles

         Differentiating between cash and accrual basis accounting

         Basic cash flow statements

         Walking through an Annul Report

         The annual report package

         The role of external auditor

         The accountantís report and auditorís opinion

 

DAY 2

How To Interpret Accounts and Financial Statement Analysis

         Preparing income statement & balance sheet

         Financial and liquidity ratios

         The cash conversion cycle

         Working capital management

         Profitability and gearing ratios

         Du Pont Formula

         Financial & Non-financial analysis

         Credit analysis

         Z- Scores and credit ratings

         Bank lending decisions

 

DAY 3

Planning for Profit

         Understanding and working with costs

         Plan for cost reduction and profit improvement

         Fixed and variable costs income statement

         Break-even analysis

         Contribution margin

         Costing approaches Ė Full Absorption, Marginal, ABC

         Standard Costing

         New ideas in cost management Ė lean principles

 

DAY 4

Budgeting in Todayís Competitive Business

         The Budgeting Process

         The role of budgeting

         Annual budgeting process

         Identifying and resolving budgeting variances

         Different budgeting systems in use today

         Budgeting tips and techniques

         Variance analysis

 

DAY 5

Cash Flow & Investment Decisions

         Capital budgeting

         Weighted Average Cost of Capital

         Present Value

         Internal Rate of Return Ė method

         Profitability Index

         Discounted cash flow

The course will have a number of break out sessions, multiple choice and other question and answer sessions, and case studies to demonstrate the concepts covered and provide real live practical examples, which will facilitate learning.

 
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