Essentials Of Finance And Accounting

by Golden Masters for Training & Consultancy

This course explains the full scope of the financial systems and enables personnel who work in the finance function as well as those outside, to deal with information and reporting supporting by a foundation of the important aspects of theor

AED 17000

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img Duration

5 days

Course Details

Course Description:

Understanding the nature of financial reports and being able to analyze and interpret financial information offers a perspective on the business operations, which will enable a greater contribution to the success of the business as a whole.

This course explains the full scope of the financial systems and enables personnel who work in the finance function as well as those outside, to deal with information and reporting supporting by a foundation of the important aspects of theory together with practical methods and techniques.

Course Objective:

TOPICS:

- Accounting terminology and policies 

- Relationships between planning, marketing, and accounting 

- The budgeting process 

- The income statement, balance sheet, and statement of cash flows 

- Adding credibility to your budgets 

- Financial statement analysis 

- Cash flow forecasting 

- The difference between cash flow and profitability

BENEFITS

- Participants will be able to: 

- Understand the basic concepts of finance 

- Interpret the organizations financial signals 

- Think and speak the language of finance 

- Read balance sheets and profit-and-loss statements 

- Control the cash flow 

Course Certificate:

Masters Consultant certificate will be issued to all attendees completing minimum of  75% of the total tuition hours of the course.

Course Outline 

MODULE 1

Accounting Terminology and Policies

- Accounting as an information system 

- The accounting equation 

- Generally accepted Accounting Principles 

- Differentiating between cash and accrual basis accounting 

- Basic cash flow statements

MODULE 2

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

MODULE 3


Financial Statement Analysis

- Preparing income statement & balance sheet 

- Financial and liquidity ratios 

- The cash conversion cycle 

- Profitability ratios 

- DuPont Formula 

- Financial & Non-financial analysis

MODULE 4

Tools for Profit Analysis

- Plan for cost reduction and profit improvement 

- Fixed and variable costs income statement 

- Break-even analysis 

- Contribution margin
 
- The importance of fixed-cost allocation 
 
MODULE 5

Walking through an Annul Report

- The annual report package 

- The role of external auditor 

- The accountant’s report and auditor’s opinion

MODULE 6

Cash Flow Analysis & Forecasting

- Capital budgeting 

- Weighted Average Cost of Capital 

- Present Value
 
- Internal Rate of Return 

– method 

- Profitability Index 

Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment. 

 
Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management. 
 
Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.
 
We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business. 
 
 
Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

  • Sheikh Zayed Road Branch

    Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai

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