Developing Accounting Skills
Finance is sometimes
described as the language of business. To be effective, managers need to be
financially literate. They do need to be able to interpret figures and
understand what lies behind them. Also the best practice that they should
follow in Accounting and Finance The best practice of finance & Accounting
can be readily grasped in 5 days, by which time managers will be equipped to
perform their own jobs better, communicate better with their accounting and
finance colleagues, and contribute better to the management team.
Course Objectives
This intensive course will provide
·
A thorough grounding in basic finance
at a level that all managers can understand.
·
Practical experience of using financial
data.
·
Tools to help you use what you’ve
learnt when you’re back in the workplace.
The purpose of the course is to
provide participants with a sound knowledge of the basics of finance, thereby
enabling them to:
·
Appreciate the role and limitations of
finance
·
Analyze their company’s performance
·
Control their own department more
effectively
·
Enhance their decision making
·
Spot and manage their financial risks
·
Communicate more effectively with their
finance departments
·
How to use the best and updated
techniques in Accounting and Finance
Audience
·
Executives, Managers and line
supervisors who receive and prepare management and Financial reports
·
Recent appointees to management
positions
·
Accounting staffs who prepare inputs to
management information systems.
·
Financial Accountants
·
Management Accountants
·
Financial Managers
·
Non Financial Managers
Course Outline
The course will address many
areas of finance and accounting including:
·
Introducing finance and accounting
·
Understanding the basics of financial
statements:
A. Income Statement
B. Statement of changes in equity
C. Balance sheet
D. Statement of Cash Flow
·
Using ratios to evaluate:
A.
liquidity
B.
Activity and efficiency
C.
Profitability.
D.
Long – term debts.
·
Evaluating the results
·
Managing cash flow
·
Budgeting
·
Appraising investment proposals using
the capital budgeting techniques :
A.
Discounted Payback Period
B.
Net Present value ( NPV )
C.
Internal Rate of Return ( IRR)
·
Introducing costing
·
Costing for decision making
·
Integrating accounting and finance
Course delivery
A mixture of short presentations,
interactive discussion, individual exercises and group work. The emphasis
throughout is on a practical approach using case material and examples.