Financial Management for Donor Funded Projects using QuickBooks

Course title: Financial Management for Donor Funded Projects using QuickBooks

Dates and registration links:

06/03/2023 to 10/03/2023: http://bit.ly/3UWkpWZ

10/07/2023 to 14/07/2023: http://bit.ly/3USTNpH

09/10/2023 to 13/10/2023: http://bit.ly/3EN2IDM

04/12/2023 to 08/12/2023: http://bit.ly/3TZjjbI

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

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)

• Inventory / Stock
• Receivables
• Payables

• Non-current assets

• Property, plant and equipment
• Depreciation

• Intangible assets
• Patents and licences
• 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

• 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
• 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
• Efficiency
• The analysis framework
• Earnings per share
• Margins
• Growth
• Profitability
• 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