Finance and Accounting Fundamentals

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.