This training course aims to provide senior professionals with the knowledge and skills necessary to understand finance and accounting principles. The course will be designed to improve financial literacy and decision-making among leaders who do not have a financial background.
.Provide participants with an understanding of financial concepts and terminology.
.Help participants develop financial skills and tools to make better decisions.
.Empower participants to take a more active role in financial planning and decision-making.
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.1- Introduction to financial statements and their components:-
.1.1- What is the Accounting System?
.1.2- Users of Accounting information
.1.3- Relationship between business activities and financial statements
.1.4- The Accounting Equation
.1.5- Multiple steps Income statement
.1.6- Classified Balance Sheet
.1.7- Cash-Flow statement
.1.8- Statement of stockholders’ equity (Retained Earnings statement)
.2- Understanding financial ratios and their significance:-
.2.2- Vertical Analysis, and common size statements
.2.3- Liquidity analysis
.2.4- Working capital analysis
.2.5- Profitability analysis
.2.6- Operational analysis
.2.7- Leverage analysis
.2.8- Break event point analysis
.3- Budgeting and forecasting:-
.3.1- Budgeting Basics
.3.2- Preparing the Operating Budgets
.3.3- Preparing the Financial Budgets
.3.4- The concept of Budgetary Control:
.3.4.1- Static Budget
.3.4.2- Flexible Budget
.3.4.3- Types of Responsibility Centers
.4- Cost accounting principles:-
.4.1- Cost Behavior Analysis (Fixed vs Variable cost)
.Senior Leaders and managers
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.Training Attendance certificate