Course details
In today’s business world, even non-finance executives are often called upon to make quick and accurate decisions about financial issues. The higher you rise in an organization, the more important such financial skills become. This diploma aims to provide you with an understanding of financial management principles and equip you with the practical skills to develop informed and effective financial plans. You will learn business critical,skills in analyzing financial statements, applied corporate finance understand key financial indicators better, strategic management and the financial planning Process.
TARGET AUDIENCE
This diploma is intended for both new and experienced executives and managers, business owners, project managers and administrators that want to strengthen their knowledge of accounting and finance terminology and that are motivated to learn and apply practical financial management and decision-making techniques to today’s business environment
BENEFITS OF ATTENDING
This course will enable you to contribute to discussions about the financial performance of your organization or business unit and will give you the confidence to make decisions based on financial data. Upon completion of the course, you should be able to:
- read financial statements
- use proven accounting methods to forecast revenue and plan for growth
- clear up the most common misconceptions non-financial managers have about “the numbers"
- discuss and report financial data in the appropriate terminology
- speak the language of finance and accounting
- zero in on the important numbers in any financial report
- recognize opportunities for improving cash flow and profit contribution
COURSE CONTENTS
The diploma consists of 11 units:
Unit 1 - Fundamentals of Accounting Concepts [6 hours]
- Objectives
- Basic concepts
- Accounting principals
- Concepts & Conventions
- Branches of accounting
- Financial, cost, management, responsibility, social, human resources, inflation
Unit 2 - The Accounting Process [6 hours]
- Recording, classification, reporting, error rectification
Unit 3 - Books of Original Entry [6 hours]
- Purchase, returns, sales, sales returns, accounts receivable, accounts payable, cash/bank book
Unit 4 - Financial Statements [6 hours]
- Trading, profit & loss account, balance sheet, adjustments
Unit 5 - Financial Analysis Planning & Control [6 hours]
- Vertical, horizontal analysis, comparative, common size, trend percentages.
- Capital investment budgeting
- Cost volume profit analy(CVP)
Unit 6 - Analyzing the Income Statement [6 hours]
- Objectives, change factors – quantity, cost, price.
Unit 7 - Ratios Analysis [6 hours]
- Liquidity, turnover, profitability ratios analysis
Unit 8 - Cash Flow Management [6 hours]
- Cash flow statement, funds flow statements
Unit 9 - Value Added Statements [6 hours]
- Concept, objectives, statements, control ratios
Unit 10 - Quality Cost Management [6 hours]
- Quality management, quality costs, reports, control ratios
Unit 11 - Bank Reconciliation Statements [6 hours]
- Comparison of cash book with bank statements, preparation of.bank reconciliation statements
ASSESSMENT & CERTIFICATION
The diploma is assessed through continuous assessment. A certificate is awarded on successful completion of the course with an overall mark of 50% or over with above 80% attendance record.
Updated on 08 November, 2015Course Location
About Bahrain Training Institute
As one of the leading training organizations in the Middle East, We_They maintained outstanding performance and progressed from one stage to the next in the design, development and delivery of industry-specific training and rehabilitation programmes. Since its establishment in 1979 by the High Council for Vocational Training as a “Vocational Training Centre” and then after restructuring it in 1992, We_They has always had a leading role in providing the highest standard of vocational training that caters to the needs and ongoing developments of different sectors of the labour market from engineering to services and information technology.
Since its inception in 1992, We_They has played a key role in meeting the needs of the labour market and trainees by providing quality education and training, qualifying Bahrainis to become a trained workforce that has all the potentials, skills and capabilities thus making them the employees of choice.
In its pursuit of excellence, We_They subscribes to the following values:
- To view excellence as the combination of efficiency, effectiveness, quality, equality and participation.
- To view staff as its most valuable resource whose development and well-being is to be nurtured.
- To function as a learning organization utilizing the capacity and talents of its staff in dealing with organizational issues.
- To operate in a transparent, ethical and accountable manner.
- Finance for Non Finance Managers StudyHubAED 49
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