Finance for Non-Finance
In-Person/Online
2 Days
English/Arabic
Learning Objectives
Familiarity with basic financial terms. Develop a better understanding of the finance function and the basic principles underlying financial accounting. Explain the components of the balance sheet and income statements. Discover how to read financial statements (income statements, cash flow, balance sheet). Examine how to anticipate, analyze, and be prepared for financial snags.
In-Person/Online 2 Days
English/Arabic
Learning Objectives
Familiarity with basic financial terms. Develop a better understanding of the finance function and the basic principles underlying financial accounting. Explain the components of the balance sheet and income statements. Discover how to read financial statements (income statements, cash flow, balance sheet). Examine how to anticipate, analyze, and be prepared for financial snags.
Modules
Module 1: Introduction
- Financial fields and forms of business organizations
- Finance vs accounting
- Cash vs accrual accounting
- Double-entry bookkeeping
Module 2: Financial Statements the Language of Business
- Chart of accounts.
- Journals and ledgers.
- Transaction analysis.
- Financial statements (balance sheet, cash flow, income statement).
- Tangible vs intangible assets.
- Depreciation.
- Components of the accounting system.
- Inventory control.
- Types of costs.
- Fixed, variable, & other.
- Opportunity costs.
- Sunk costs.
Module 3: Financial Statement Analysis
- The interrelationships of the 4 financial statements.
- Analysis tools.
- How to “interpret” & “analyze” financial statements.
- Evaluating financial performance.
Module 4: Budgeting
- Why budgeting?
- Fundamentals of budgeting
- Variance analysis
Module 5: Financial Ratios and Ratio Analysis
- Profitability ratio
- Turnover ratios
- Net present value (NPV)
- Internal rate of return (IRR)
- Profitability index (PI)
- The capital budgeting decision
- Normal and non-normal cash flow streams
- Discounted cash flow (DCF) techniques
Our Partners
