This training program equips participants with a comprehensive understanding of key financial statements and essential financial concepts. By integrating financial management principles with strategic decision-making, it empowers them to drive organizational success.
Define the four key financial statements: balance sheet, income statement, cash flow, and changes in owner equity as well as key financial terms.
Interpret the financial health and condition of a company, division, or responsibility center and use financial information for management and evaluation.
Define between accounting and finance and explain the finance role in running businesses.
Prepare a company's operating budget and relate it to the organization's strategic objectives.
Apply capital budgeting techniques and cost-volume-profit analysis to enhance decision making.
Managers and Supervisors.
Financial analysts.
Business owners.
Department heads and Team leaders.
Professionals involved in budgeting and financial planning.
Employees seeking to enhance their financial understanding.
Understanding the accounting cycle.
The five main accounts in financial statements.
Income statement: a tool for performance measurement.
Accrual basis versus cash basis.
Balance sheet and The balanced status.
Statement of owners’ equity, Statement of cash flows.
External and internal auditors’ responsibilities.
Why are ratios useful.
Horizontal and trend analysis.
Vertical analysis: common size statements .
Building blocks analysis and reading through the numbers.
Liquidity ratios, Solvency ratios, Activity ratios, and Profitability ratios.
Limitations of financial ratio analysis.
Definition of working capital and working capital management.
Working capital management strategies for current assets.
Balancing profitability and liquidity.
Working capital management strategies for current liabilities.
The trade-off between profitability and certainty.
Accounting versus finance: rules and responsibilities.
Three pillars of finance: Financing decisions, Investing decisions, Operating decisions.
Understanding the role of financial management in business strategy.
Integrating financial goals with overall organizational objectives.
Defining fixed costs.
Defining variable costs.
Contribution margin formula.
Computing breakeven point.
Sensitivity analysis: changing assumptions.
