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 Finance and Accounting Fundamentals 15 Dec Istanbul Turkey QR Code
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Finance and Accounting

Finance and Accounting Fundamentals


REF : F173 DATES: 15 - 19 Dec 2024 VENUE: Istanbul (Turkey) FEE : 5300 

Overview:

Introduction:

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.

Program Objectives:

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

  • 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.

Targeted Audience:

  • New finance and accounting professionals.

  • Business managers and executives.

  • Entrepreneurs and business owners.

  • Non-financial managers seeking financial literacy.

Program Outline:

Unit 1:

Introduction to Finance and Accounting:

  • 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.

Unit 2:

Financial Statements Analysis:

  • How to read and interpret financial statements.

  • Key financial ratios and their significance.

  • Analyzing profitability, liquidity, and solvency.

  • Common size analysis and trend analysis.

  • Practical exercises in financial statement analysis.

Unit 3:

Budgeting and Financial Planning:

  • 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.

  • Case studies on budgeting in different industries.

Unit 4:

Cost Accounting and Control:

  • 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.

Unit 5:

Financial 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.