Accounting and finance training for non-finance managers is designed to equip business leaders at all levels with the knowledge of accounting and the skills of understanding the impact their actions within the business would ultimately have on the financial position of the business.

Truth be told, every major decision taken by non-finance managers within businesses often have major impact on the fortunes of the business. It is therefore important for such non-finance managers to know how accounting and finance operate so that they can be better guided in their decisions-making

In the accounting and finance training for non-finance professionals, participants will – among others – learn foundations of financial accounting, financial reporting and reporting, cost and management accounting, financial planning and control.

COURSE OUTLINE: Accounting and Finance Training

MODULE 1: UNDERSTANDING THE LANGUAGE OF ACCOUNTING

• Concepts, Principles and Conventions of Accounting
• Basic terms and Terminologies in Accounting
• The Accounting Equation
• The Accounting Cycle (Transaction Identification to Trial Balance)
• Profitability vs Liquidity: Where’s my contribution?

MODULE 2: INTRODUCTION TO FINANCIAL STATEMENTS

• Elements and Structure of Financial Statements
• The Income Statement
• Statement of Financial Position
• Statement of Cash Flows
• Statement of Changes in Equity
• Understanding Notes to Financial Statements

MODULE 3: INTERPRETING FINANCIAL STATEMENTS

• Ratio Analysis and Key Indicators
• Profitability
• Liquidity
• Gearing and Financial Structure
• Investor Ratios

MODULE 4: INTRODUCTION TO COST ACCOUNTING

• Importance and Objectives of Cost Accounting
• Financial Accounting vs Cost Accounting
• Classification of Costs
• Understanding Cost Centres vs Profit Centres
• Costing Methods and Techniques
• Appreciating Cost Control and Cost Reduction
• Practical Cost Sheet Templates

MODULE 5: INTRODUCTION TO FINANCE

• Basic Concepts of Finance
• Principles of Finance
• Operational Budgeting
• Financial planning and control
• Basic Capital Budgeting Techniques

MODULE 6: WORKING CAPITAL MANAGEMENT

• Concept of Working Capital
• Managing Inventory and Trade Receivables
• Managing Trade Payables
• Practical Working Capital Management

EXTRAS: TOOLS FOR MANAGEMENT DECISIONS

• Cost-Benefit Analysis
• SWOT Analysis
• Models for Industry Analysis – PESTLE Analysis
• Models for Industry Analysis – Porter’s Competition Forces

For Whom: Business Non-Finance managers and professionals.  Junior to mid-level accountants who need to refresh or update their knowledge.

Duration: 3 days