Basic Finance and Accounting Dubai

Course details

Basic Finance & Accounting


This exciting and informative program will enhance your ability to interpret and understand and use finance and cost information in your managerial decision-making. It has been designed to transform both finance and non-finance manager into a more effective team member who can propose, analyze and evaluate financial decisions. It does so by providing a fundamental understanding of the content, concepts, models and terminology of the whole area of finance and cost control.

The purpose of this practical training course is for participants to understand and be able to apply in their management role, key finance, cost and accounting principles, thereby contributing to their organization's success. The workshop is not designed to train participants as finance or cost accountants. The workshop will focus on understanding the basic principles, concepts and techniques of finance and cost control, so that participants will become clear about the key universal concepts and what they mean - no matter what type of organisation they work for.
Through a combination of interactive presentations, group case studies and discussion sessions, participants will emerge from this course with an improved understanding of a number of key areas. These include the how to finance a company, anticipating revenues and associated costs, the planning and budgeting process, review of financial statements, and financial management practices such as break-even analysis, budgeting and controlling costs etc.

This will enhance the participants' ability to communicate in their company with regards to the key concepts that form part of finance and cost control.

The workshop will also offer the more financially experienced participants the opportunity to learn about certain more advanced financial and cost control management techniques.

After attending this course, you will learn how to:

•  Confidently make decisions about how to finance, control costs and make a budget for a company
•  Weigh up the advantages and disadvantages of different financing and costing techniques
•  Analyse various investment options to maximise your rate of return
•  Maximise future growth potential with effective strategy formulation and "best practice" business planning

Key Learning Outcomes And Behavioural Objectives

• Demystify finance and cost terms and concepts such as -financial gearing-liquidity-direct vs. variable cost-fixed vs. variable costs
• Build your financial skills and contribute to a more effective financial management reporting system
• Interpret and critically analyse financial results more effectively and efficiently
• Apply best practice finance, cost control, budgeting and control techniques

 
In Addition Delegates will learn:

• Work through a practical exercise in constructing an income statement and a balance sheet to get a clear understanding of how these statements are composed
• Overview of the information contained in an annual report
• Defining the accounting process to interpret how the elements of financial statements are constructed
• Outline how the income statement and the balance sheet interconnect and their respective roles in an annual report
• Learn how to interpret a cash flow statement to determine the reasons for a company's positive or negative cash flow
• Understanding the financial analysis of annual financial statements to assess the financial condition of an organisation

Who should attend?
 
General administration and supervisory as well as financial staff involved with or who interface with the finance and accounting functions and who want to review best contemporary accounting practice and be aware of the up coming techniques in financial, treasury and management accounting.

Content

Module One - Major Principles Of The Accounting Process

Module Two - Easy Ways To Understand Financial Statements

Measuring Financial Performance

Module Three  - Working Capital and its importance

Module Four  - Costs, Costing And Cost Allocation
 
Budgeting

Review and summary
  Updated on 10 February, 2023