2 Days Workshop
Introduction
The primary goal of this workshop is to help professionals who have little or no knowledge in finance and accounting in developing sound financial knowledge to read and understand financial reports. Real-current problematic finance & business cases will be analyzed and scenario solutions will be discussed within the workshop.
Course Objectives
By the end of this course you will be able to:
How to read a balance sheet
How to read Profit & Loss Statement
Use Profit and Loss Statement to evaluate performance
Understand the relationship between cash flow statement and balance sheet
Learn how to size up a company quickly by reading their financial ratios
Understand Investment Techniques & Time Value of Money (Case Study)
Appreciate Working Capital Management
Methodology
Case Study, Video & Group Discussion.
Who Should Attend
Entrepreneurs, Business Managers, Marketing Managers, Supervisors, Executives and Managers and all professionals who are interested in Fundamental accounting & Finance
Special Feature: NOTE: Please bring laptop along
Programmed Outline
Day 1
Module 1: Introduction
What is accounting?
Accounting Process
Role in today’s business
The Accounting Equation
Transaction Analysis
Exercise
Module 2: Basic Double Entry System of Recording
Assets
Liabilities
Capital
Revenue
Expenses
Extracting the Trial Balance
Excel applications Profit & Loss Statement
Module 3: Preparing Basic Financial Statements
A brief look at double entry system of recording
The Income Statement
The Balance Sheet
Excel applications
Exercise
Module 4: Cash Flow Statement
Lifeblood of business – Cash Flow Statement
Relationship between cash flow statement and balance sheet
3 streams of cash flow, Operating ,Investing & Financing
How to determine financial health from cash flow pattern
Managing Your Business Cash Flow ( operational & strategically)
Day 2
Module 5: Accounting for Fixed Assets
Historical Cost Concept
Depreciation – Calculation & Recording
Gain or Loss on Sale
Impact on Financial Statements
Exercise
Module 6: Financial Ratios Analysis
Learn how to size up a company quickly by reading their financial ratios
Liquidity
Solvency
Efficiency
Profitability
Asset Management
Assessing drivers of company profitability and growth:-
Operations and investment strategies : operating and investment management
Module 7: Investment Techniques & Time Value of Money (Case Study)
Calculate return on investment (ROI),
Calculate net present value (NPV), internal rate of return (IRR), and payback period
Recommendation to proceed or reject based on financial & non-financial considerations
Module 8: Working Capital Management
Working capital defined
Goals of working capital
Cash conversion cycle