Finance and Accounts for Non-Financial Professionals Training

• Explain the purpose of the three key financial statements ‘Income Statement, Statement of Financial Position, and Cash Flow Statement’.
• Evaluate the performance and position of an organization by analyzing their Annual Financial Report.
• Apply the management accounting procedures & techniques of ‘product costing, cost-volume-profit analysis, budgeting, & variance analysis.
• Apply a range of investment appraisal techniques to determine whether proposed investments are likely to be worthwhile.
• Demonstrate a range of methods, tools and techniques available to manage financial risks in multinational organizations.

CONTENT

Business Organizations, Sources of Finance, the Finance Function

• The development of business organizations
• The role of Finance and the Finance Function
• Sources and types of finance for business organizations

The Annual Financial Report

• The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
• The financial and non-financial elements of the AFR

Management Accounting

• Understanding the difference between management accounting and financial accounting
• Calculating the cost of our products and the problem of overheads (indirect costs)
• Overhead apportionment – absorption costing versus Activity Based Costing

Investment Appraisal

• The time value of money – future values and present values, perpetuities and growth

Treasury and Risk Management

• Interest rate risk

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.