Description

 Course Overview

This  training course is designed to cover the role and importance of accounting and finance in today’s business world. It will provide an  experience in terms of content, instruction, discussion, and exercises. The  training course includes a comprehensive illustration of how accounting information is collected, recorded, analyzed and presented both internally and externally, to support effective management, control, and decision making. The training course offers insights into the main factors that are essential to the successful financial management of corporations, including the efficient allocation of resources, within the economic, competitive, and physical environment. The training course will also put emphasis on the importance of good quality corporate governance and management of financial risks.

Course Objectives

By the end of this  course, participants will be able to:

• Understand Income Statement, Balance Sheet, and Cash Flow Statement
• Interpret Cost Behavior and its Impact on Product Costing
• Understand the Process of Budgeting
• Manage Financial Risks
• Understand Corporate Governance Mechanisms

Target Participants

This  course is suitable for a wide range of professionals who wish to achieve career progress by expanding their financial knowledge.

However, it will be most suitable for operational and middle Managers who wish to better understand and make use of financial information in their management roles, for example:

• Members of the Operational Management Team
• Managers Who Have responsibility for Divisional Performance
• Managers Who Have responsibility for Support Functions
• Consultants Who Provide Advice on Systems and Operations
• Senior Staff Members of Any Department

Course Content

Amongst a wide range of valuable topics, the following will be prioritized:

• Understand the Role of the Finance Function
• Master the Differences Between Financial and Managerial Accounting
• Explore How Budgets Are Built and Developed
• Manage Costs Accurately
• Understand Capital Budgeting
• Master Performance Measurement and Management
• Explore Sources and Types of Short and Long Term Finance
• Master Financial Risks Management
• Explore the Role of Audit
• Understand Corporate Governance Mechanisms