Essentials of Finance and Accounting

Start Date End Date Venue Fees (US $)
29 Mar 2026 Riyadh, KSA $ 3,900 Register
06 Sept 2026 Kuala Lumpur, Malaysia $ 4,500 Register
29 Nov 2026 Dubai, UAE $ 3,900 Register

Essentials of Finance and Accounting

Introduction

Understanding the nature of financial reports and being able to analyze and interpret financial information offers a perspective on the business operations, which will enable a greater contribution to the success of the business as a whole. This course explains the full scope of the financial systems and enables personnel who work in the finance function as well as that outside, to deal with information and reporting supporting by a foundation of the important aspects of theory together with practical methods and techniques.

Objectives

    • Accounting terminology and policies
    • Relationships between planning, marketing, and accounting
    • The budgeting process
    • The income statement, balance sheet, and statement of cash flows
    • Adding credibility to your budgets
    • Financial statement analysis
    • Cash flow forecasting
    • The difference between cash flow and profitability

    BENEFITS: Participants will be able to:

    • Understand the basic concepts of finance
    • Interpret the organization's financial signals
    • Think and speak the language of finance
    • Read balance sheets and profit-and-loss statements
    • Control the cash flow 

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

This course is designed for personnel who do not have an in-depth knowledge of accounting, and who need to acquire a broader understanding of finance to improve their current role or plan their future career. Non-financial personnel who use financial information in their job and are called on to make financial decisions

Course Outline

MODULE 1: Accounting Terminology and Policies

  • ·Accounting as an information system
  • ·The accounting equation
  • ·Generally accepted Accounting Principles
  • ·Differentiating between cash and accrual basis accounting
  • ·Basic cash flow statements

MODULE 2: The Budgeting Process

  • The role of budgeting
  • Annual budgeting process
  • Identifying and resolving budgeting variances
  • Different budgeting systems in use today
  • Budgeting tips and techniques

MODULE 3: Financial Statement Analysis

  • Preparing income statement & balance sheet
  • Financial and liquidity ratios
  • The cash conversion cycle
  • Profitability ratios
  • DuPont Formula
  • Financial & Non-financial analysis

MODULE 4: Tools for Profit Analysis

  • Plan for cost reduction and profit improvement
  • Fixed and variable costs income statement
  • Break-even analysis
  • Contribution margin
  • The importance of fixed-cost allocation

MODULE 5: Walking through an Annual Report

  • The annual report package
  • The role of the external auditor
  • The accountant’s report and auditor’s opinion

MODULE 6: Cash Flow Analysis & Forecasting

  • Capital budgeting
  • Weighted Average Cost of Capital
  • Present Value
  • Internal Rate of Return – method
  • Profitability Index
  • Discounted cash flow

Accreditation

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