This training program covers the essential concepts and practices in finance and accounting, providing participants with a strong foundation in financial management and accounting principles. It empowers participants to make informed financial decisions and apply accounting techniques effectively within their organizations.
Understand fundamental finance and accounting concepts.
Analyze and interpret financial statements.
Manage budgets and financial resources efficiently.
Apply accounting principles to business operations.
Make informed decisions based on financial analysis.
New finance and accounting professionals.
Business managers and executives.
Entrepreneurs and business owners.
Non-financial managers seeking financial literacy.
Basic finance and accounting terminology.
The role of finance and accounting in business.
Overview of financial statements: Income statement, balance sheet, and cash flow statement.
Understanding the accounting cycle.
The relationship between finance and accounting.
How to read and interpret financial statements.
Key financial ratios and their significance.
Analyzing profitability, liquidity, and solvency.
Common size analysis and trend analysis.
Importance of budgeting in financial management.
Steps in the budget preparation process.
Types of budgets: operating, capital, and cash budgets.
Techniques for effective budget management.
Understanding cost behavior and classification.
Costing methods: job order, process, and activity-based costing.
Break-even analysis and its applications.
Cost control and reduction techniques.
Role of cost accounting in decision-making.
Time value of money concepts.
Investment appraisal techniques: NPV, IRR, and payback period.
Risk assessment in financial decision-making.
Financing options: equity, debt, and hybrid instruments.
