Course Details

This is Financial Awareness Course for Non-Finance Professionals. The course trainer translates the jargon, conventions, and formats of accounting into simple, easy to understand language.

Objectives :

• To understand the concept of Accrual Accounting and how it differs from Cash Accounting
• To understand and interpret a basic Profit & Loss Statement (Income Statement)
• To understand and interpret a basic Balance Sheet
• To assess ways of improving working capital
• To understand depreciation & amortisation
• To understand a simple Cash Flow statement
• To understand how to use ratios to analyse a business
• To understand the different types of costs (fixed / variable / semi-variable and direct / indirect)
• To use breakeven analysis
• To understand different sources of business financing
• To understand different budgeting techniques
• To use variance analysis to assess budget performance
• To apply and assess the merits of key investment appraisal techniques (ROI)
• To evaluate the importance of non-financial factors affecting investment decisions