Understanding Financial Statements and Ratio Analysis
Target:
The training is intended for business leaders who want to understand how their business is operating and make informed decisions.
Objectives:
The training is aimed at:
- Enabling a good understanding of financial statements
- Understanding organizational performance through financial ratio analysis
Content:
The training will have the following training contents
- Financial statements preview
- Fundamentals of financial statements
- Introduction to financial statement analysis
- Understanding income statement (statement of profit and loss)
- Understanding balance sheet (statement of financial position)
- Understanding cash flow statements
- Ratio analysis
Intended outcome:
The training has the following intended outcomes
Increase managements financial decision quality
Enable quality decision making
Proposed duration: 20 hours
Finance for Non-Finance Managers
Target:
The training is intended for managers who does not have a financial academic background but want to understand and effectively manage their organizations on financial matters.
Objectives:
The training is aimed at: Equipping managers with non-finance background with basic accounting and finance concepts.
Content:
- Who Makes and enforces accounting rules
- IASB
- FASB
- IFRIS
- IAS
- GAAP
- Local standards
- The accounting cycle
- Source Documents
- Journals
- Ledgers
- Trial Balance
- Financial statements
- End of year and new year transactions
- Budgeting
- Basic Principles
- Cash basis and Accrual basis
- GAAP
- Basic Financial Statements
- Income Statement (profit and loss statement)
- Balance Sheet
- Cash Flow Statement
- Applying your knowledge for decision making
- How to measure your performance
- How to project the future
- Relating to day-to-day activity and decision making and discussion
Intended outcome:
Having financial knowledge provides a strong competence for any manager. This training intends to enable managers understand financial situation of organizations thereby enabling a quality decision.
Proposed duration:
20 hour
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