Business Finance هذه الدورة تدرس باللغة الإنجليزية

تفاصيل الدورة

Course Outline

Basics of Financial Accounting

• Accounting as an Information System
• Users of Financial Statements
• Understanding the Annual Report
• Accounting Assumptions and Principles
• Accrual Basis of Accounting

Understanding Financial Statements

• The Income Statement: Definitions and Basic Format
• The Balance Sheet Equation: Assets, Liabilities & Shareholders’ Equity
• Statement of Retained Earnings
• The Cash Flow Statement
• Classification of Cash Flows
• Operating, Investing and Financing Activities

Financial Statement Analysis

• How to “Interpret” & “Analyze” Financial Statements
• Evaluating Financial Performance
• Ratio Analysis
• Common Size Analysis
• Main Groups of Financial Ratios
• Analyzing Liquidity: Net Working Capital, Current Ratio & Quick (Acid-test) Ratio
• Liquidity Measures
• Asset Management: Inventory Turnover, Average Collection Period, Average payment Period, Fixed Assets Turnover, Total Assets Turnover
• Analyzing Debt: Debt Ratio, Debt-Equity ratio, Times Interest Earned
• Analyzing Profitability: Gross Profit, Operating Profit and Net Profit Margin
• Return on Total Assets, Return on Equity, Earnings per Share & Price/Earnings Ratio

Time Value of Money

• The role of time value of Money in finance
• Future Value Calculation: Simple and compounding
• Nominal vs. Effective Interest Rates
• Present Value Calculation

Cost of Capital

• Basic Concepts & Definitions
• Cost of Debt
• Cost of retained Earnings
• Weighted Average Cost of Capital (WACC)

Capital Budgeting

• Capital Budgeting Analysis
• Capital Expenditures
• The Three Stages of Capital Budgeting Analysis

Present Value Calculation

• Calculating the Present Value of Two Cash Flows
• Calculating Net Investment
• Three Economic Criteria for Evaluating Capital Projects: Net Present Value (NPV), Internal Rate of Return (IRR) & Discounted Payback Period
• Why the NPV And IRR Sometimes Select Different Projects
• When Are The NPV And IRR Reliable?
• Basic Steps of Capital Budgeting