Code Date Venue Fees
FI013 18 - 22 Mar 2018 Dubai - UAE $4,750 Register
FI013 18 - 22 Nov 2018 Dubai - UAE $4,750 Register
Home » Seminars » Finance & Budgeting » Fundamentals of Finance & Accounting

Introduction

Financial skills and knowledge are vital for all managers in all organisations. A more challenging business and economic climate and an increase in financial delegation are making this even more so.

Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals. This interactive and engaging seminar addresses these important issues.

Key areas covered in this training course include:

  • Reading, interpreting and using financial statements (internal and external)
  • Improving business cases and decision-making
  • Costing and presenting plans and proposals
  • Working more effectively with budgets
  • Delivering improved financial performance, profit & cash flow

Objectives

At the end of this training seminar, delegates will be able to:

  • Read and interpret financial statements
  • Analyse business performance
  • Contribute to cash and working capital management
  • Build budgets and manage costs and budgets
  • Present business cases and utilise financing techniques to improve decision-making

Training Methodology

The training uses an interesting mix of lively discussion, case studies and exercises, contemporary examples and videos.

We focus on the practical application of concepts and ideas. Experiences from real business situations and decisions will be used to bring concepts to life. Delegates are requested to bring copies of their organization’s accounts together with internal financial reports that they work with.

The training course will have a number of break out sessions, multiple choice and other question and answer sessions, and case studies to demonstrate the concepts covered and provide real live practical examples, which will facilitate learning.

Organisational Impact

Organisations will benefit from trained managers who will:

  • Make better business and management decisions and cases
  • Manage budgets and resources more effectively
  • Have better regard for their impacts on:
    • Profit
    • Cash
    • Business Risk
    • Business Performance
  • Work more effectively with colleagues in other functions (including finance)
  • Identify more opportunities to improve business performance
  • Provide knowledge and understanding that can be shared amongst other departments of the business

Personal Impact

Participants will be able to advance their careers as a result of understanding the various subject covered.

In particular they will be able to:

  • Understand the basic concepts of finance as it relates to their businesses
  • Interpret their organizations financial signals
  • Think and speak the language of finance
  • Read and understand balance sheets and profit-and-loss statements
  • Understand how to control and manage a company's cash flow

Who Should Attend?

  • All Professionals with financial responsibility
  • Financial professionals wishing to brush up their knowledge and skills
  • Junior personnel seeking career progression
  • Senior Executives seeking to refresh their understanding or fill in some gaps in their professional development

Seminar Outline

DAY 1

The Basics

  • Accounting Terminology and Policies
  • Accounting as an Information System
  • The Accounting Equation- what does it mean?
  • Generally Accepted Accounting Principles
  • Differentiating between Cash and Accrual Basis Accounting
  • Basic Cash Flow Statements
  • Walking through an Annual Report
  • The Annual Report Package
  • The Role of External Auditor
  • The Accountant’s Report and Auditor’s Opinion

DAY 2

How To Interpret Accounts and Financial Statement Analysis

  • Preparing Income Statement & Balance Sheet
  • Financial and Liquidity Ratios
  • The Cash Conversion Cycle
  • Working Capital Management
  • Profitability and Gearing Ratios
  • DuPont Formula
  • Financial & Non-financial Analysis
  • Credit Analysis
  • Z- Scores and Credit Ratings
  • Bank Lending Decisions

DAY 3

Planning for Profit

  • Understanding and Working with Costs
  • Plan for Cost Reduction and Profit Improvement
  • Fixed and Variable Costs Income Statement
  • Break-even Analysis
  • Contribution Margin
  • Costing Approaches – Full Absorption, Marginal, ABC
  • Standard Costing
  • New ideas in Cost Management – lean principles

DAY 4

Budgeting in Today’s Competitive Business

  • The Budgeting Process
  • The Role of Budgeting
  • Annual Budgeting Process
  • Identifying and Resolving Budgeting Variances
  • Different Budgeting Systems in use today
  • Budgeting Tips and Techniques
  • Variance Analysis

DAY 5

Cash Flow & Investment Decisions

  • Capital Budgeting
  • Weighted Average Cost of Capital
  • Present Value
  • Internal Rate of Return – method
  • Profitability Index
  • Discounted cash flow

Accreditation

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Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients

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Fundamentals of Finance & Accounting


Upcoming Dates

Code Date Venue Fees
FI013 18 - 22 Mar 2018 Dubai - UAE $4,750
FI013 18 - 22 Nov 2018 Dubai - UAE $4,750

Introduction

Financial skills and knowledge are vital for all managers in all organisations. A more challenging business and economic climate and an increase in financial delegation are making this even more so.

Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals. This interactive and engaging seminar addresses these important issues.

Key areas covered in this training course include:

  • Reading, interpreting and using financial statements (internal and external)
  • Improving business cases and decision-making
  • Costing and presenting plans and proposals
  • Working more effectively with budgets
  • Delivering improved financial performance, profit & cash flow

Objectives

At the end of this training seminar, delegates will be able to:

  • Read and interpret financial statements
  • Analyse business performance
  • Contribute to cash and working capital management
  • Build budgets and manage costs and budgets
  • Present business cases and utilise financing techniques to improve decision-making

Training Methodology

The training uses an interesting mix of lively discussion, case studies and exercises, contemporary examples and videos.

We focus on the practical application of concepts and ideas. Experiences from real business situations and decisions will be used to bring concepts to life. Delegates are requested to bring copies of their organization’s accounts together with internal financial reports that they work with.

The training course will have a number of break out sessions, multiple choice and other question and answer sessions, and case studies to demonstrate the concepts covered and provide real live practical examples, which will facilitate learning.

Organisational Impact

Organisations will benefit from trained managers who will:

  • Make better business and management decisions and cases
  • Manage budgets and resources more effectively
  • Have better regard for their impacts on:
    • Profit
    • Cash
    • Business Risk
    • Business Performance
  • Work more effectively with colleagues in other functions (including finance)
  • Identify more opportunities to improve business performance
  • Provide knowledge and understanding that can be shared amongst other departments of the business

Personal Impact

Participants will be able to advance their careers as a result of understanding the various subject covered.

In particular they will be able to:

  • Understand the basic concepts of finance as it relates to their businesses
  • Interpret their organizations financial signals
  • Think and speak the language of finance
  • Read and understand balance sheets and profit-and-loss statements
  • Understand how to control and manage a company's cash flow

Who Should Attend?

  • All Professionals with financial responsibility
  • Financial professionals wishing to brush up their knowledge and skills
  • Junior personnel seeking career progression
  • Senior Executives seeking to refresh their understanding or fill in some gaps in their professional development

SEMINAR OUTLINE

DAY 1

The Basics

  • Accounting Terminology and Policies
  • Accounting as an Information System
  • The Accounting Equation- what does it mean?
  • Generally Accepted Accounting Principles
  • Differentiating between Cash and Accrual Basis Accounting
  • Basic Cash Flow Statements
  • Walking through an Annual Report
  • The Annual Report Package
  • The Role of External Auditor
  • The Accountant’s Report and Auditor’s Opinion

DAY 2

How To Interpret Accounts and Financial Statement Analysis

  • Preparing Income Statement & Balance Sheet
  • Financial and Liquidity Ratios
  • The Cash Conversion Cycle
  • Working Capital Management
  • Profitability and Gearing Ratios
  • DuPont Formula
  • Financial & Non-financial Analysis
  • Credit Analysis
  • Z- Scores and Credit Ratings
  • Bank Lending Decisions

DAY 3

Planning for Profit

  • Understanding and Working with Costs
  • Plan for Cost Reduction and Profit Improvement
  • Fixed and Variable Costs Income Statement
  • Break-even Analysis
  • Contribution Margin
  • Costing Approaches – Full Absorption, Marginal, ABC
  • Standard Costing
  • New ideas in Cost Management – lean principles

DAY 4

Budgeting in Today’s Competitive Business

  • The Budgeting Process
  • The Role of Budgeting
  • Annual Budgeting Process
  • Identifying and Resolving Budgeting Variances
  • Different Budgeting Systems in use today
  • Budgeting Tips and Techniques
  • Variance Analysis

DAY 5

Cash Flow & Investment Decisions

  • Capital Budgeting
  • Weighted Average Cost of Capital
  • Present Value
  • Internal Rate of Return – method
  • Profitability Index
  • Discounted cash flow

Quality Logo

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.



© 2017. Material published by GLOMACS shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae

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