INTRODUCTION

Non finance professionals often feel that their finance professionals counterparts speak a completely different language than theirs. Accounting and Finance for Non-Financial Professionals training course has been developed for precisely this reason. No one in business will succeed if they are not financially literate – and no business will succeed without financially-literate people. Accounting and Finance for Non-Financial Professionals, is considered as a must for anyone taking up employment in business or administration. This course is designed to give participants a great grounding in accounting and how it can contribute to effective management through using accounting and finance information in supporting financial analysis, valuation, and decision making in various contexts.

DURATION

5 Days

COURSE OBJECTIVES:

During this training course participants will enrich their understanding on the following:

•                 Overcome the barrier of the accountants’ strange language

•                 Improve their understanding of your organization’s finance function

•                 Understanding the content of, and relationships between, primary financial statements (income statement and balance sheet)

•                 Radically improving their planning, controlling and budgeting skills

•                 Be much more aware of the impact of their decisions on the performance of your organization

•                 Identifying the main sources of finance available to a business

•                 Identifying the main elements of working capital

•                 Using comparative ratio analysis to pinpoint areas of concern

COURSE OUTLINE

Module 1 - Introduction to Accounting and Finance

• What are accounting and finance
• How are the users of accounting information?
• Why do I need to know anything about accounting and finance?
• Accounting as information system
• Financial accounting and management accounting
• How is business managed?
• What needs to be accounted for in the context of a business model?
• Key accounting concepts
• Assets, liabilities and equity
• Accounting equation
• How does the value of capital change
• The Accounting cycle
• Accounting Policies and Underlying Assumptions
• Examples, Problems and Illustrative Case Studies

Module 2 - Measuring and Reporting Financial Position and Financial Performance

• The major financial statements- an overview
• The statement of financial position (balance sheet)
• Current assets and liabilities

• Inventory / Stock
• Receivables
• Payables

• Non-current assets

• Property, plant and equipment
• Depreciation

• Intangible assets
• Patents and licences
• Goodwill (introduction to group accounts)
• Amortisation and impairment
• Income Statement (the Statement of Financial Performance)

• Recognizing revenue
• Recognizing expenses

• Examples, Problems and Illustrative Case Studies

Module 3 - Planning and Controlling - Costing and Budgeting

• Understanding cost structure and behaviour
• Costs as a relationship to outputs – cost / volume / price relationship

• Fixed costs vs variable costs

• The concept of contribution margin
• Break-even analysis for planning and control
• Nature and purpose of budgets for planning and control
• Types of budgets and budgeting
• Budgetary control and variance analysis
• Budgeting for non-financial measures – Key Performance Indicators and the Balanced Scorecard
• Examples, Problems and Illustrative Case Studies

Module 4 - Financing a Business and Making Investment Decisions

• Source of finance

• Sources of internal finance
• Sources of external finance

• Long-term vs short-term borrowing
• Financing decisions

• Debt vs equity
• Types of share and share issues

• The nature of investment decisions
• Investment appraisal methods
• Accounting rate of return (ARR)
• Payback period (PP)
• Nets present value (NPV)
• Why NPV is better
• Internal rate of return (IRR)
• Examples, Problems and Illustrative Case Studies

Module 5 - Accounting Information and Financial Analysis

• Identifying key success factors in an industry sector
• The analysis framework
• Profitability
• Growth
• Margins
• Earnings per share
• Efficiency
• Working Capital Days
• Cash Cycle
• Short Term Financing
• Return Ratios
• Liquidity
• Current Ratio
• Quick Ratio
• Interest Cover
• Solvency
• Gearing
• Leverage
• Investor Ratios
• Dividend Yield
• Total Shareholder Return

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TRAINING CUSTOMIZATION

This training can also be customized for your institution upon request. You can also have it delivered your preferred location.

For further inquiries, please contact us through Mobile: +254 732 776 700 or Email: training@fineresultsresearch.org

REQUIREMENTS

Participants should be reasonably proficient in English.  During the trainings, participants should come with their own laptops.

TRAINING FEE

The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact us through Mobile: +254732776700

or Email: training@fineresultsresearch.org

PAYMENT

Payment should be transferred to FineResults Research Limited bank before commencement of training. Send proof of payment through the email: training@fineresultsresearch.org

CANCELLATION POLICY

• All requests for cancellations must be received in writing.
• Changes will become effective on the date of written confirmation being received.