Accounting Finance for Non-Financial Professionals with QuickBooks

FineResults Research Services would like to invite you to take part in our upcoming workshops on Accounting & Financial Management courses at our FineResults Research Services training facilities in Nairobi, Kenya or online

24/06/2024 To 28/06/2024 Accounting Finance for Non-Financial Professionals Using QuickBooks

23/09/2024 To 27/09/2024 Accounting Finance for Non-Financial Professionals Using QuickBooks

09/12/2024 To 13/12/2024 Accounting Finance for Non-Financial Professionals Using QuickBooks

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: [email protected]

REQUIREMENTS

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

TRAINING FEE

Cost:

In-person USD 1000; Online USD 900. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

Registration

June in-person

September in-person

December in-person

ACCOMMODATION

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

or Email: [email protected]

PAYMENT

Payment should be transferred to FineResults Research Limited bank before commencement of training. Send proof of payment through the email: [email protected]

CANCELLATION POLICY

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