Fundamentals of Finance & Accounting for Admin. Professionals
Fundamentals of Finance & Accounting for Admin. Professionals
Objectives:
- Explain Basic Accounting Concepts, Terminology and Processes, and the Relevance to a Business Department
- Explain the Components of an Annual Report
- Analyze a Set of Financial Statements to Evaluate the Business’ Financial Health
- Differentiate the Financing Options Available to a Business and Situations Where Each Might Be Used
Who Should Attend
- Administrative assistants, secretaries, executive secretaries and other administrative professionals working with managers or executives who handle financial matters.
course summary
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.
Outline:
Understanding the Key Financial Statements and Their Significance
- State the Purpose of and the Interrelationship Among:
o Income Statement
o Balance Sheet
o Retained Earnings Statement
o Cash Flow Statement
- Define the Key Components of Each Statement
Understanding the Accounting Process
- Define the Five Types of Accounts
o Asset
o Liability
o Equity
o Revenue
o Expense
- Explain the Accounting Process from transaction Entry to Closing the Books
- State the Significance of Double-Entry Accounting
- Determine the Impact of Different Types of Transactions on the Accounting System
Understanding the Components of an Annual Report and Auditor’s Role
- Describe the Differences in Financial Reporting for Public, Private, Not-for-Profit, and Government Organizations
- Differentiate Among the Different Types of Audits
- State the Role of the External Auditor in the Financial Reporting Process
- Evaluate the Different Sections in an Annual Report and Discuss the Significance of Each
Evaluating an Organization’s Financial Statements
- Discuss the Varying Reasons for Statement Analysis and Their Impact on the Process
- Calculate Commonly Used Financial Ratios
- Evaluate the Financial Health of a Business in the Areas of Liquidity, Leverage and Profitability
Financing the Business
- Discuss the Role of Leveraging in Improving Return to the Shareholders
- Discuss the Role of Short-Term Financing in Meeting an Organization’s Financial Needs
- Differentiate Between the Various Long-Term Financing Alternatives and Understand Their Impact on the Business
- Identify Appropriate Financing Alternatives from Different Types of Business Needs
Budgeting More Effectively
- Explain the Purpose of a Budgeting System and Provide an Overview of the Entire Process
- Differentiate Among Commonly Used Budgeting Systems
- Budget for Common Expense Categories
- Analyze Budget Variances as to Their Significance and Cause
Certificates
A Certificate of Completion will be issued to those who attend & successfully complete the programme.
Schedule
08:30 – 10:15 First Session
10:15 – 10:30 Coffee Break
10:30 – 12:15 Second Session
12:15 – 12:30 Coffee Break
12:30 – 14:00 Third Session
14:00 – 15:00 Lunch
Training Methodology:
This interactive training course includes the following training methodologies as a percentage of the total tuition hours:
- 30% Lectures, Concepts, Role Play
- 30% Workshops & Work Presentations, Techniques
- 20% Based on Case Studies & Practical Exercises
- 20% Videos, Software & General Discussions
- Pre and Post Test
Fees
The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: