| Start Date | End Date | Country | City |
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+966 920007771
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Objectives
- Get a firm grasp of the numbers side of your job
- Gain greater confidence with a working knowledge of business financials
- Learn how to “think finance” and translate performance into financial terms
- Cultivate proactive working relationships with finance professionals and enhance your value to the organization
- Understand the business dynamics of dollars and cents—and take initiatives that meet your short- and long-term goals
- Take the guesswork out of your decision making and deliver a better bottom line
- Expand your professional expertise—and your career opportunities
Outlines
- Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others
- The accounting process: journals and ledgers, how debits and credits work
- Mastering the mind-set: see business in terms of dollars-and-cents decision options that pay off—short- and long-term
- Basic accounting principles
- Applying accounting conventions and guidelines
- Developing working rules regarding your corporate financial statements
- Using the balance sheet to examine assets and liabilities
- Analyzing the income statement to assess revenues and expenses
- The statement of cash flow: sources and uses of funds
- Content and format of the annual report
- Understanding the footnotes
- Debt vs. equity financing
- Cash flow: where cash comes from and how it's applied
- Elements of cost accounting
- Basic Accounting Concepts
- The Importance of the Accounting Equation
- The Significance of Generally Accepted Accounting Principles (GAAP)
- The Accrual Process
- The Difference between Accounting Profit and Cash Flow
- Reviewing an Annual Report
- Various Components of an Annual Report
- Importance of Notes in Evaluating Financial Statements
- External Auditor’s Role and the Significance of the Opinion Letter
- Evaluating a Company’s Financial Statements
- Calculate the Key Financial Ratios Using the Financial Statements
- Use Financial Ratios to Evaluate:
—An Organization’s Liquidity, Leverage and Profitability
—The Performance of an Organization as Compared to Its Competitors’
—An Organization’s Performance Compared with Budgeted Goals
- Identify Sources of Financial Information beyond the Financial Statements
- Improving Profitability through Cost Analysis and Profit Planning
- Differentiate between Fixed and Variable Costs
- Help Your Organization Improve Profitability through the Use Of:
—Break-even Analysis
—Contribution Margin Analysis
—Direct Costing in Appropriate Situations
- Understand Why Cash Has a Time Value
- Understand the Budgeting Process
Who Should Attend
This program is designed for non-financial managers in every functional area of responsibility in all industries.
Note: Please bring a Laptop and a copy of your annual report (if available).
Duration
5 Days
