Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Non-financial managers and professionals
• Project managers and team leaders
• Administrative and operational staff
• Engineers and technical professionals
• Entrepreneurs and business owners
• Anyone seeking a solid grounding in finance and accounting principles

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Understand fundamental accounting concepts and principles
• Interpret financial statements (Balance Sheet, Income Statement, Cash Flow Statement)
• Analyze financial performance using basic financial ratios
• Grasp budgeting and forecasting techniques
• Understand the role of internal controls and compliance
• Communicate effectively with finance and accounting professionals

DAY 1

Introduction to Accounting and Financial Concepts

• Pre-test
• The purpose of accounting and its importance
• Key accounting principles and assumptions
• The accounting cycle and double-entry bookkeeping
• Introduction to debits and credits
• Overview of Generally Accepted Accounting Principles (GAAP) and IFRS

DAY 2

Understanding Financial Statements

• The Balance Sheet: assets, liabilities, and equity
• The Income Statement: revenues, expenses, profit
• The Cash Flow Statement: operating, investing, and financing activities
• Relationships between financial statements
• Group exercise

DAY 3

Budgeting and Financial Planning

• Purpose and types of budgets
• The budgeting process: planning, monitoring, and control
• Forecasting techniques
• Variance analysis
• Linking budgets to organizational goals and KPIs

DAY 4

Financial Analysis and Performance Measurement

• Introduction to financial ratios: liquidity, profitability, efficiency, and solvency
• Using ratio analysis to assess financial health
• Break-even analysis and cost-volume-profit (CVP) analysis
• Common financial metrics used in decision-making
• Case study

DAY 5

Internal Controls, Compliance, and Practical Applications

• The role of internal controls in safeguarding assets
• Compliance and financial regulations
• Common financial risks and mitigation strategies
• Case study
• Course review, Q&A, and Post-test