Course Overview
This practical course is designed for professionals who do not have an accounting background but need to understand financial and accounting information as part of their roles. The program provides a clear introduction to accounting principles, financial statements, budgeting, cost analysis, and financial decision-making, enabling participants to communicate more effectively with finance teams and contribute to business performance. Participants will develop the knowledge and confidence to interpret financial information, understand the impact of business activities on financial results, and make more informed operational and management decisions.
Learning Outcomes
By the end of this course, participants will be able to:
Understand fundamental accounting and financial concepts
Interpret and analyze key financial statements
Understand the accounting cycle and basic accounting principles
Differentiate between cash and accrual accounting methods
Understand cost classifications and profitability analysis
Participate effectively in budgeting and forecasting activities
Understand key financial ratios and performance indicators
Apply financial information to support business decisions
Communicate confidently with finance and accounting professionals
Course Topics
Module 1: Introduction to Accounting Fundamentals
The role of accounting in organizations
Accounting vs. finance
Key accounting terminology
The accounting equation
Double-entry bookkeeping principles
Basic accounting assumptions and concepts
Overview of the accounting cycle
Module 2: Accrual Accounting Principles
Cash basis vs. accrual basis accounting
Revenue recognition principles
Expense recognition principles
Operating Expenses (OpEx) vs. Capital Expenditures (CapEx)
Depreciation and amortization
Adjusting entries and accruals
Module 3: Understanding Financial Statements
Income Statement (Profit and Loss Statement)
Balance Sheet (Statement of Financial Position)
Cash Flow Statement
Relationship between financial statements
Reading and interpreting financial reports
Identifying key financial information
Module 4: Cost Management and Profitability Analysis
Cost classifications and behavior
Direct and indirect costs
Fixed and variable costs
Cost allocation methods
Break-even analysis
Profitability measurement and analysis
Module 5: Budgeting and Financial Planning
Purpose and importance of budgeting
Types of budgets
Budget preparation process
Forecasting fundamentals
Monitoring budget performance
Introduction to variance analysis
Module 6: Financial Performance Measurement
Introduction to financial ratios
Profitability ratios
Liquidity ratios
Efficiency ratios
Financial performance indicators
Gross margin, net profit, and EBITDA
Understanding financial trends and business performance
Module 7: Financial Decision-Making
Using accounting information for decision-making
Introduction to feasibility studies
Cash flows in investment decisions
Capital budgeting concepts
Time Value of Money (TVM)
Basic investment appraisal techniques
Training Methodology
The course includes:
Interactive presentations
Practical exercises
Group discussions
Business case studies
Real-life accounting examples
Financial statement analysis activities
Q&A sessions
Schedule and Duration
Duration: 5 Days
Time: 13:00 – 16:00
Language: English
Format: Virtual or Classroom (Optional)
Fee Per Person: $200
Certification
Participants will receive a Certificate of Completion upon successful attendance of the training course.
Payment
Must be made 7 working days before the start of the course. Payment can be made in cash, by bank transfer or through exchange offices.
How do I register?
You can register by emailing training@mselect.com with the following details:
Full Name:
Position/Title (If applicable):
Email Address:
Phone number:
Name of the course:
For more information, contact 0771 842 2380