Language: EN / AR
Course Overview
No-one in business will succeed if they are not financially literate – and no business will succeed without financially-literate people. This is the ideal programme for managers and others who don’t have a financial qualification or background but who nonetheless need a greater understanding of the financial management disciplines essential to your organisation
Course Objective
his course will give the participants a sound understanding of financial reports, measures and techniques to make them even more effective in their roles. It will enable participants to:
- Overcome the barrier of the accountants’ strange language
- Deal confidently with financial colleagues
- Improve their understanding of your organisation’s finance function
- Radically improve their planning and budgeting skills
- Be much more aware of the impact of their decisions on the profitability of your organisation
- Enhance their role in the organisation
- Boost their confidence and career development
Who Should Attend??
This course is designed for people who require a greater working knowledge of the accounting process and financial statements.
Course Outline
Introducing Accounting and the FinancialStatements
- Definition of Accounting
- Users of Accounting Information
- Basic Financial Statements
- The Corporation Defined
- Presentation of Accounting Information by Different Business Entities
International Financial Reporting Standards (IFRS)
- The International Accounting Standards Board (IASB)
- Introduction to International Financial Reporting Standards (IFRS)
- Main Differences between International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP)
Double-Entry Accounting
- The Accounting Equation
- Traditional Double-Entry Bookkeeping
- Your Asset is his Liability
- The Chart of Accounts
- The General Journal
- The General Ledger
- Trial Balance
- Modern Bookkeeping: Automating Transactions
Net Equity
- What is Capital Stock?
- Dividends are not an Expense!
- Cash Dividends, Stock Dividends and Stock Split
- Definition of Treasury Stock
- Retained Earnings: Not the Same as Cash
The Balance Sheet and its Components
- Defining the Balance Sheet
- Assets
- Liabilities
- Equity
- Current versus Non-Current Assets and Liabilities
- The Balance Sheet Illustrated
Income Statements
- Defining the Income Statement
- Defining Revenue and its Recognition
- Defining Expenditures and their Classifications
- Calculating Profit
- Gross Profit
- Operating Profit
- Net Profit
- The Income Statement Illustrated
Cash Flow Statement
- Defining the Statement of Cash Flows
- Cash and Cash Equivalents
- Classification of Cash Flows
- Operating Activities
- Investing Activities
- Financing Activities
- The Cash Flow Statement Illustrated
Adjustments to Financial Statements
- The Accrual Concepts
- Accruals and Prepayments
- Depreciation
- Bad Debts
- Provisions for Contingencies
Training Methodology
- Presentation & Slides
- Audio Visual Aids
- Interactive Discussion
- Participatory Exercise
- Action Learning
- Class Activities
- Case Studies
- Workshops
- Simulation