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 Business Financial and Accounting Skills 28 Apr Rome Italy QR Code
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Finance and Accounting

Business Financial and Accounting Skills


REF : F164 DATES: 28 Apr - 2 May 2025 VENUE: Rome (Italy) FEE : 5940 

Overview:

Introduction:

This training program provides participants with essential skills and knowledge in business finance and accounting. It empowers them to manage financial operations effectively, enhance financial decision-making, and ensure accurate financial reporting and analysis.

Program Objectives:

At the end of this program, participants will be able to:

  • Understand the principles of financial accounting and reporting.

  • Develop and manage budgets and financial plans.

  • Analyze financial statements and performance.

  • Apply cost accounting methods for business efficiency.

  • Implement best practices in financial management and control.

Targeted Audience:

  • Accountants.

  • Financial Managers.

  • Business Analysts.

  • Finance Officers.

  • Managers involved in financial decision-making.

Program Outline:

Unit 1:

Fundamentals of Financial Accounting:

  • Principles and concepts of financial accounting.

  • Understanding the accounting cycle.

  • Preparing and interpreting financial statements.

  • Key accounting policies and standards.

  • Case studies on financial accounting practices.

Unit 2:

Budgeting and Financial Planning:

  • Importance of budgeting in business management.

  • Different types of budgets (operational, capital, cash flow).

  • Steps in the budgeting process.

  • Monitoring and controlling budgets.

  • Best practices in financial planning and forecasting.

Unit 3:

Financial Statement Analysis:

  • Techniques for analyzing financial statements.

  • Key financial ratios and their interpretation.

  • Assessing business performance and financial health.

  • Conducting variance analysis.

Unit 4:

Cost Accounting and Management:

  • Overview of cost accounting principles.

  • Methods of cost allocation and costing systems.

  • Activity-based costing (ABC) and its applications.

  • Using cost information for business decision-making.

  • Practical examples on cost management.

Unit 5:

Financial Management and Internal Controls:

  • Principles of financial management.

  • Managing working capital and cash flows.

  • Importance of internal controls in financial management.

  • Designing and implementing effective control systems.

  • Best practices in financial risk management and compliance.