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
Module1: Introduction
Financial Fields and Forms of Business Organizations
Finance Vs Accounting
Cash VS Accrual Accounting
Double-Entry Bookkeeping
Module2: 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
Module3: Financial Statement Analysis
The Interrelationships of the 4 Financial Statements
Analysis Tools
How to “Interpret” & “Analyse” Financial Statements
Evaluating Financial performance
Module4: Budgeting
Why budgeting
Fundamentals of budgeting
Variance Analysis
Module5: 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
