Course Details:
Course objective :
By the end of the course, participants will be able to:
- Overcome the barrier of the accountants’ strange language
- Improve their understanding of your organization’s finance function
- Understanding the content of, and relationships between, primary financial statements (income statement and balance sheet)
- Radically improving their planning, controlling and budgeting skills
- Be much more aware of the impact of their decisions on the performance of your organization
- Identifying the main sources of finance available to a business
- Identifying the main elements of working capital
- Using comparative ratio analysis to pinpoint areas of concern
Course Outline :
Day 1 : Introduction to Accounting and Finance
- What are accounting and finance
- How are the users of accounting information?
- Why do I need to know anything about accounting and finance?
- Accounting as information system
- Financial accounting and management accounting
- How is business managed?
- What needs to be accounted for in the context of a business model?
- Key accounting concepts
- Assets, liabilities and equity
- Accounting equation
- How does the value of capital change
- The Accounting cycle
- Accounting Policies and Underlying Assumptions
- Examples, Problems and Illustrative Case Studies
Day 2 : Measuring and Reporting Financial Position and Financial Performance
- The major financial statements- an overview
- The statement of financial position (balance sheet)
- Current assets and liabilities
- Inventory / Stock
- Receivables
- Payables
- Non-current assets
- Property, plant and equipment
- Depreciation
- Current assets and liabilities
- Intangible assets
- Patents and licences
- Goodwill (introduction to group accounts)
- Amortisation and impairment
- Income Statement (the Statement of Financial Performance)
- Recognizing revenue
- Recognizing expenses
- Examples, Problems and Illustrative Case Studies
Day 3 : Planning and Controlling - Costing and Budgeting
- Understanding cost structure and behaviour
- Costs as a relationship to outputs – cost / volume / price relationship
- Fixed costs vs variable costs
- The concept of contribution margin
- Break-even analysis for planning and control
- Nature and purpose of budgets for planning and control
- Types of budgets and budgeting
- Budgetary control and variance analysis
- Budgeting for non-financial measures – Key Performance Indicators and the Balanced Scorecard
- Examples, Problems and Illustrative Case Studies
Day 4 : Financing a Business and Making Investment Decisions
- Source of finance
- Sources of internal finance
- Sources of external finance
- Long-term vs short-term borrowing
- Financing decisions
- Debt vs equity
- Types of share and share issues
- The nature of investment decisions
- Investment appraisal methods
- Accounting rate of return (ARR)
- Payback period (PP)
- Nets present value (NPV)
- Why NPV is better
- Internal rate of return (IRR)
- Examples, Problems and Illustrative Case Studies
Day 5 : Accounting Information and Financial Analysis
- Identifying key success factors in an industry sector
- The analysis framework
- Profitability
- Growth
- Margins
- Earnings per share
- Efficiency
- Working Capital Days
- Cash Cycle
- Short Term Financing
- Return Ratios
- Liquidity
- Current Ratio
- Quick Ratio
- Interest Cover
- Solvency
- Gearing
- Leverage
- Investor Ratios
- Dividend Yield
- Total Shareholder Return
- Profitability
- Examples, Problems and Illustrative Case Studies
Date & Location
Sun - 12 Jan 2025 - Dubai
Date : Sun - 12 Jan 2025
Duration : 5 days
Place :
Dubai
Language : Arabic
Price : 3200 USD
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