- Duration: Upto 24 Hours
Course details
The module consists of four units:Unit 1 Financial reporting considers the importance of financial reporting for managerial use and the role of accounting in how an organization's transactions are recorded and reported. You will learn about the importance of cash and how it differs from profit. You review accounting terms and terminology and the two main financial reporting statements: the income statement (often called the 'profit and loss account') and the balance sheet.
Topics to be covered:
Basics of financial accounting and understanding financial statements
- Balance sheet
- P&L account
- Cash flow statements
- Profit v/s cash flow analysis
Unit 2 Measuring financial performance explains the use of financial ratios to measure financial performance. Most owners of businesses or managers in organizations want to assess their performance in a structured way and financial reports are an important mechanism to achieve this. Without financial reports, managers cannot make decisions about how to develop or change the activities that they manage in their organization. You will learn about and practice using some of the key financial ratios that help managers assess performance and identify some useful ratios for your own organization.
Topics to be covered:
Analysis of Financial Statements
- Financial ratios
- Return on operations (sales), profit margin
- Business activity (assets turnover, working capital management)
- Return on assets (ROA)
- Financial solvency and liquidity
- Return on equity (ROE)
Unit 3 Cost management explores a range of techniques and approaches that help managers assess the impact on costs of changing scenarios, as well as assess the implications of allocating overhead costs. Managerial planning and decision-making require knowledge of what might change when decisions are taken. Unit 3 has as its main focus organizational costs and cost management, in particular how costs might change as decisions are taken.
Topics to be covered:
Cost information for decision-making and budgeting
- Cost concepts including discussion on marginal costing
- Some important cost definitions
- Make or buy
- Shut down or continue
- Sell or process further
- Domestic versus export sales
Unit 4 Cash management and budgeting shows you how to use cash reporting in decision making. Cash is an essential organizational resource and managers need to know how and why cash has been used. Cash forecasts are useful for planning and decision making for the future. This unit will introduce you to budgets - what they are, what they record, what they are used for and how they can help you exercise financial control in your area of managerial ;
Topics to be covered:
Working capital management
- What is working capital?
- Kinds of working capital
- Operating cycle and components of working capital
- Working capital management and decision-making.
- Need and type of budgets
- Commonly used budgets
- Budgetary control process
- Case study and illustrations.
Eligibility / Requirements
All professionals who want to build their carrer in the all time dominant skillset of Finance or enhance your knowledge on Financial management.
About Regional Educational Institute
Regional Educational Institute (REI) has been at the forefront of education by delivering quality training courses in UAE since 1995, establishing itself as one of the premier training institutes in Abu Dhabi.Our training center in Abu Dhabi has developed numerous programs that have helped a significant amount of individuals uplift their careers not only in the functions they carried out but also in remunerations and future growth prospects. We strive to equip you with the skills and knowledge to better your career options, while also developing your other skillsets through cross functional training programs. Similarly, our corporate training courses in Abu Dhabi have helped many organizations in the region achieve better productivity and higher customer satisfaction levels.
We have numerous certified training programs on board – some of which includes Business Soft Skills, Leadership & Management, Sales & Marketing, Service Excellence, Language Development and IT training courses in Abu Dhabi. Our customers include some of the most prestigious organizations in the country, which include Government and Semi Government Agencies, Banking and Financial Institutions, Oil & Gas Companies, Hospital Groups, Large Corporations, Telecom Service Providers, Technology and Service Providers, System Integrators and many Small and Medium Enterprises.
Everything around us is rapidly changing – Be it technology, work environment, economic conditions, geographies, even thought processes. New paradigms are defined every day wherein keeping up is not only difficult but sometimes impossible. We employ a carefully calculated methodology that allows us to design training courses in Abu Dhabi that target specific skill areas needed by the candidates. Before we provide a training course in Abu Dhabi, we analyse a candidate’s training needs and create an effective educational program that includes training resources specifically chosen to equip the candidate.
At REI we not only focus on enhancing your current career options but also prepare you to stay ahead of the curve with our cross functional training programs. Approved and certified by the Abu Dhabi Centre for Technical and Vocational Education and Training, our training institute in Abu Dhabi offers certified courses and accreditations.
Our Team REI consists of industry professionals with a collective experience of more than 50 years of local and international experience. The core team consists of domain experts in Management, Finance, Learning & Development, Information Technology and Sales & Marketing.
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