Fundamentals Of Finance & Accounting

Course Code: FA19

►Course Objective

 

  • 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

 

►Target Audience

 

  • 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

 

►Course 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 Annual Report
  • The annual report package
  • The role of external auditor
  • The accountant’s report and auditor’s 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
  • DuPont 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 – Full Absorption, Marginal, ABC
  • Standard Costing
  • New ideas in cost management – lean principles

 

DAY 4

Budgeting in Today’s 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 – method
  • Profitability Index
  • Discounted cash flow


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Date & Location

Date : 15 March 2020

Duration : 5 days

Place : Istanbul

Join This Course Now

Date : 06 December 2020

Duration : 5 days

Place : Kuala Lumpur

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