Mastering Finance for Non-Financial Personnel

Objective:

By the end of this Finance for Non-Finance Personnel Course, participants will be able to:

• Use financial information to manage and assess your company or department operations
• Manage and reduce costs (fixed versus variable costs)
• Control working capital and manage the impact of inventory build-up
• Practice and use a range of accounting methods, tools, and techniques available to manage financial risks in your organization
• Interpret the language of accounts and break down barriers of understanding
• Get confidence to prepare budgets and read Management Information

Content:

Basic Accounting Concepts

• The Accounting Process
• Cash Vs. Mercantile Accounting
• Accrual Concept
• Stock Valuation – FIFO Vs. LIFO
• Types of Accounting
• Revenue Recognition
• Cap-ex. vs. Op-ex.
• Understanding of Depreciation/Amortization
• Tangible vs. Intangible vs. Capital W-I-P
• Current vs. Non-current

Introduction to Financial Statements

• Profit & Loss Account including OCI
• Balance Sheet and SOCIE
• Cash Flow Statement
• Notes to Accounts

Financial Statement Analysis

• P&L Statement Analysis
• Balance Sheet Analysis
• Funds Flow Analysis
• Ratio Analysis
• Trend Analysis
• Common Size Analysis

Working Capital Management

• Concept of Working Capital
• Managing Inventory and Trade Receivables
• Managing Trade Payables
• Budgeting and Working Capital Management

Capital Budgeting

• Capital Expenditure Evaluation
• NPV Technique
• IRR Technique
• Pay Back Method
• Risk Analysis

Cost Management and Costing Techniques

• Cost Concepts
• Various Costing Methods
• Breakeven Analysis
• Costing Vs. Budgeting
• Strategic Cost Management

Revenue Management

• Revenue Recognition and possible revenue leakages
• Revenue Vs. Trade Receivables
• Revenue Vs. Trade Payables
• Revenue Vs. Foreign Exchange Management

Introduction to IFRS

• Introduction to the concept of Accounting Standards
• Generally applicable IFRS
• Discussion on Specific IFRS