Finance For Non Finance Managers / Modern Accounting

Modern Accounting program covers a series of 6 training courses.  Each of them is a pre-requisite of the next one. It is taken for granted that this program paves the way to a better job performance and job opportunities in every organization.

Eligibility / the program is designed for:

1. Candidates who have not completed their academic studies and they want to work in accounting field OR if they want to get a general awareness of the Accounting field.

2. Those that have completed their Academics but did not work in the accounting field and are seeking to do so now.

3. Students who have completed their Academics and worked in accounting field and stopped for many years and they want to return to the accounting domain.

Course Format and Key topics:

1.       Essentials Of Accounting 

• Introduction to types and normal of accounts Debit & Credit)
• Assets, liabilities, and capital
• Journalizing and posting transactions
• The double entry bookkeeping system
• Adjusting procedures
• Closing procedures
• Preparation of Trial Balance
• Preparation of Financial statements

2.       Accounting – Intermediate Level 

• Plant and equipment depreciation
• Bank reconciliation
• Petty cash fund
• Cash Management
• Accounts Receivable: Doubtful Debts Recording Methods
• Assets transactional recording (Disposal, Exchange, Sales) & Market Value

3.     Financial Statements Analysis & Interpretation

• Balance sheet
• Income Statement
• Statement of Cash Flows
• Statement of Retained Earnings
• Managerial view of the Financial Statement
• Liquidity ratios
• Activity, or utilization, ratios
• Financial, or leverage
• Profitability ratio
• Market-value ratios
• Analysing Results
• Time Series Comparisons
• Management Targets

4.    Budgeting & Cost Control

• The Role of Budgets 
• Working Capital Management
• Preparation of Budget
• The Production Budget
• Cash Flow Management
• The Evaluation and Co-ordination of a Budget
• Measuring Costs and Benefits for Decision-making  
• Keeping Costs Down