2 Days Workshop
Introduction
The primary goal of this workshop is to help Account Clerks & Assistants to understand & prepare financial statements ( P&L, Balance Sheets, Equity & Cash Flow) . It also enable participants able to read and understand financial reports. Real-current problematic finance & accounting 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:
Understand the accounting process and its concepts
Improve their efficiency in recording accounting information
Appreciate how their job function contributes towards the preparation of financial statements
Prepare bank reconciliation statement
Communicate more effectively with their superiors
Contribute effectively towards management decision making
Understand the importance and determinants of cash flow and working capital
Prepare the various budgets
Methodology
Case Study & Group Discussion.
Who Should Attend
Account Clerks & Assistants, Supervisors, Executives and all professionals who are interested in basic accounting
Special Feature: NOTE: Please bring laptop along
Programmed Outline
Day 1
Module 1: Introduction to Accounting
Accounting Equation
Recording simple transactions
Double entry system of recording
Assets, liabilities, capital, revenue & expenses
Trial Balance
Module 2: Adjustments
Accruals, prepayments & depreciation
Bank Reconciliation
Module 3: Balance Sheet
How to read a balance sheet
Understand key concepts of Assets, Liabilities, Equity
Current vs non-current distinction
Tangible vs intangible distinction
Assessment of company financial strength and risk
Strengthening financial structure
Working capital management
Module 4: Profit & Loss Statement
How to read Profit & Loss Statement
Use Profit and Loss Statement to evaluate performance
Concept of margins and profit analysis
Relationship between P&L statement to balance sheet
Profit & Loss accounting model
Why profit is different from cash
Day 2
Module 5: 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
Determining if the company is using internal cash flow to finance growth or relying on external financing
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: Budgeting
Preparing the various budgets
Budget Analysis : Calculation of budget ratios and interpretation
Working Capital- Cash flow cycles, AR & AP
Module 8: Q&A