- TypeTraining or Development Class
- Location Nairobi, Kenya
- Date 22-02-2021 - 26-02-2021
Education/Teaching/Training/Development
Research/Science
Business Development
Accounting/Financial/Banking/Insurance
FineResults Research Services invites you to training on:
Accounting Finance for Non-Financial Professionals using QuickBooks
DATE: 22nd to 26th February 2021
COST: USD 800 Or Ksh 65000
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
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: +254 759 285 295. You can also email us on: [email protected]
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: +254 759 285 295 or Email: [email protected]
PAYMENT
Payment should be transferred to FineResults Research Services bank account before commencement of training. Send proof of payment through the email: [email protected]
CANCELLATION POLICY
ENGAGE WITH US ON
Visit our facebook page
Visit our linkedin page
Visit our twitter account