COURSE DESCRIPTION
- Introducing participants to basic accounting concepts
- Familiarizing participants with the basic financial statements, their importance, and the benefits of each financial statement
- Analysis and interpretation of financial statements for the purpose of making management decisions
- Use of financial statements
THE AUDIENCE
- Any type of managers and supervisors
- Any type of directors and heads of financial departments and their assistants
- Accountants and financial analysts, all administrative levels involved in budgeting
TRAINING PERIOD
5 days
CONTENTS
- Introduction to basic financial statements (reading financial statements)
- Introduction
- Income statement
- Statement of profit and loss
- Statement of financial position
- Profits and cash flows
- Drawing up profit and loss statements and statements of financial position.
- Financial analysis as a decision-making tool
- Definition of financial analysis
- Objectives of financial analysis
- Introduction to financial analysis
- Sources of information needed for financial analysis
- Types of financial ratios used in financial analysis Financial planning and budgeting
- Short-term operation plans
- Short-term financial plans
- Cash budget
- Estimated financial statements
- Assessment of the cash flow statement
- Current estimated budget
- Investment budgets
