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Finance for Non-Finance Managers

COURSE OBJECTIVES
• Use financial information to manage and assess your company or department operations
• Manage and Reduce Cost (Fixed versus variable costs)
• Control the working capital and manage the impact of inventory build-up
• Practise and use a range of accounting methods, tools and techniques available to manage financial risks in your organization
• Interpret the language of accounts and break down barriers of understanding
• Get Confidence to prepare budgets and read Management Information


COURSE OUTLINE
Basic Accounting Concepts
• The Accounting Process
• Cash Vs. Mercantile Accounting
• Accrual Concept
• Stock Valuation – FIFO Vs. LIFO
• Types of Accounting
• Revenue Recognition
• Cap-ex. vs. Op-ex.
• Understanding of Depreciation/Amortization
• Tangible vs. Intangible vs. Capital W-I-P
• Current vs. Non-current
Introduction to Financial Statements
• Profit & Loss Account including OCI
• Balance Sheet and SOCIE
• Cash Flow Statement
• Notes to Accounts
Financial Statement Analysis
• P&L Statement Analysis
• Balance Sheet Analysis
• Funds Flow Analysis
• Ratio Analysis
• Trend Analysis
• Common Size Analysis
Working Capital Management
• Concept of Working Capital
• Managing Inventory and Trade Receivables
• Managing Trade Payables
• Budgeting and Working Capital Management
Capital Budgeting
• Capital Expenditure Evaluation
• NPV Technique
• IRR Technique
• Pay Back Method
• Risk Analysis
Cost Management and Costing Techniques
• Cost Concepts
• Various Costing Methods
• Breakeven Analysis
• Costing Vs. Budgeting
• Strategic cost management
Revenue Management
• Revenue Recognition and possible revenue leakages
• Revenue Vs. Trade Receivables
• Revenue Vs. Trade Payables
• Revenue Vs. Foreign Exchange Management
Introduction to IFRS
• Introduction to the concept of Accounting Standards
• Generally applicable IFRS
• Discussion on Specific IFRS