Business Financial and Accounting Skills
13/10/2024Strategic Financial Planning and Budgeting
13/10/2024Finance and Accounting Fundamentals
£4,000.00
Overview:
This program covers the foundational concepts in finance and accounting. Participants will develop a solid understanding of financial management principles, enabling them to make informed financial decisions and apply accounting techniques effectively.
Program Objectives:
By the end of the 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.
Target Audience:
- New finance and accounting professionals
- Business managers and executives
- Entrepreneurs and business owners
- Non-financial managers seeking financial literacy
Program Outline:
Day 1: Introduction to Finance and Accounting
- Finance and accounting terminology
- Role of finance and accounting in business
- Overview of financial statements
- Understanding the accounting cycle
Day 2: Financial Statements Analysis
- Reading and interpreting financial statements
- Key financial ratios and significance
- Analyzing profitability, liquidity, solvency
- Practical exercises in statement analysis
Day 3: Budgeting and Financial Planning
- Importance of budgeting in financial management
- Types of budgets: operating, capital, cash flow
- Techniques for effective budget management
- Case studies on budgeting
Day 4: Cost Accounting and Control
- Cost behavior and classification
- Costing methods: job order, process, activity-based costing
- Break-even analysis and applications
- Cost control techniques
Day 5: Financial Decision Making
- Time value of money concepts
- Investment appraisal techniques (NPV, IRR, payback period)
- Risk assessment in financial decisions
- Financing options: equity, debt, hybrids