Finance For Financials

Outlines:

• Introduction
• Financial Statements
• Basics Of Cash Flow Management.
• Budgeting
• Introduction To Cost And Managerial Accounting.
• Financial Ratio .

Course Objective:

• Understanding of finance concepts and acquire financial thinking .
• Clear picture of key financial statements
• Clear picture of the company financial performance and how to evaluate the efficiency of the operations.

Who should attend:

• Junior & Senior Accountants
• Other nonfinancial Department heads

Daily Outline:

DAY1: Introduction :

• Role of Finance in Business
• Importance of Financial report
• Finance Departments
• Types of Accounting
• Users of Financial Information

DAY1:Financial Statement:

• Importance of Financial Statements
• 4Types of Financial Statements
• Basics of Financial Statements
• Financial Statements in Commercial / Trade Business
• Financial Statements in Manufacturing Business

DAY2 :Basics Of Cash Flow Management

• Differentiating cash flow from profit
• Cash flow forecasting and budgeting
• Strategies to improve cash flow

DAY3:Introduction To Cost And Managerial Accounting .

• What’s Cost ?
• Types of Cost Accounting
• Different between ( Cost – loss – Expenses. Waste ).
• Cost of Management Accounting.
• Manufacturing & Non Manufacturing Costs.
• Variable, Fixed, Semi-Variable Costs.
• Cost & Variance Measures.

DAY4: Budgeting

• What’s Budget?
• Tools of a Successful Budget
• Participative Budget – Pro’s & Con’s
• Budget systems
• Major Content of Budget
• Master Budget

 DAY5: Financial Ratio.

• What Is a Financial Ratio?
• Financial Ratio Have Limitations
• Key Financial Ratios