Finance Course

 

FINANCE FOR NON FINANCE MANAGERS

(SKILLSFUTURE COURSE REFERENCE CODE: CRS-N-0041728)

VIEW THIS COURSE IN SKILLSFUTURE COURSE DIRECTORY

 

COURSE DESCRIPTION

Accounting is the language of the commercial world. Being able to read and understand an accounting report is a crucial skill for success in the business world. This is a basic course to introduce the financial statements and its terminology as well as basic management accounting concepts. It enables participants to appreciate the simple finance terms.

 

COURSE OBJECTIVES

– To enable participants to appreciate the role of accounting in the business environment
– To understand how the balance sheet and profit and loss accounts work
– To do simple analysis using financial ratios
– Introduction to basic management accounting
– To do simple project evaluations

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COURSE CONTENT

1. Financial Accounting
– What
– Why
– How

2. Terminologies in Financial Report
3. Useful Financial Ratios
4. Managerial Accounting
5. Project Evaluation
6. Case Study

 

DURATION

2 days

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FOR WHOM

Supervisors, Managers, Leaders, Professionals of the business environment and Aspiring Students

 

METHODOLOGY

Presentation, Demonstrations, Role Plays, Case Studies, Reflection, Activities, Discussions, Lectures, Simulations and Journals Learning

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DETAILED COURSE OUTLINE

DAY 1
9:00am – 9:15am Ice breaker
9:15am – 10:00am Introduction – Accounting is the language of business
The accounting cycle
What are the major financial statements
Common terms in financial statements
Reading Balance Sheets, income statements and cash flow statements
10:00am – 10:15am Tea Break
10:15am – 12:30pm Types of Financial Ratios and how to interpret them
– Profitability Ratio
– Liquidity Ratio
– Efficiency Ratio
12:30pm – 1:30pm Lunch
1:30pm – 3:00pm Using financial ratio to formulate strategies and action plans for Financial Stability
3:00pm – 3:15pm Break
3:15pm – 4:15pm Case Study
4:15pm – 5:00pm Review
DAY 2
9:00am – 9:15am Ice breaker
9:15am – 10:00am Introduction to basic management accounting
Difference between management accounting and financial accounting
10:00am – 10:15am Tea Break
10:15am – 11:15am Breakeven Analysis
11:15am – 12:30pm Budgeting
12:30pm – 1:30pm Lunch
1:30pm – 3:00pm Develop the financial acumen to make effective business decisions
– Payback period
– Net present value
– Internal rate of return
3:00pm – 3:15pm Tea break
3:15pm – 4:30pm Assessment/Written exercise
4:30pm – 5:00pm Review

 

COURSE FEES

$450 (Payment by cash or cheque)

 

To register, please email us at lmg@providencems.com or send us a message through our contact form.

 

CLICK HERE TO VIEW THIS COURSE IN SKILLSFUTURE COURSE DIRECTORY

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