This course provides learners with a foundation in Financial Principles and Techniques relevant to the Strategic Management Process. Mastering all Financial Statements and making adequate Financial Analysis using ratio analysis linkage between main Financial Statements and its key ratios. The objective of this course is to provide the participants with an overview of the general accounts and financial position of the firm to give them a view of how financial decisions are made. More importantly, the course will give the participants a Financial Orientation and help them think of the business decisions they make financially and finally will give them the discrete information to enlarge business through P&L account.
Understand the Different Between Finance and Accounting
Define the Four Key Financial Statements: Balance Sheet, Income Statement, Cash Flow and Changes In Owner Equity
Understand the Financial Ratios
Understand the Time Value of Money
Understand the Basics of Working Capital Management
Read and analysis financial statements
Compare financial ratio with industry average
Determine the cost of capital
Calculate capital cost
The Difference Between Accounting and Finance
Income Statement Format
The Nature of Net Income, Revenue, and Expense
The Timing of Recording Revenue and Expense and The
Role Of Accounting Conventions
What We Mean by Depreciation and its Different Types
The Difference Between the Accrual and the Cash Basis
The Need for
Ratio Analysis of External Financial Statements
Strengths and Weaknesses of Ratio Analysis
Major Ratios Commonly Used:
A. Liquidity Ratios
B. Profitability
Ratios
C. Basic Stock
Market
D. Capital
Structure Ratios
E. Efficiency
Ratios
Case Study:
Ratio Analysis: Calculation
What is Financial Audit?
What is Management’s Responsibility Vs. Auditor’s Responsibility
The Role of the External Auditor
Types of Auditing Reports Issued by External Auditor
Tools of Capital
investment Evaluation
o
Net Present Value “NPV”
o
Internal Rate of Return “IRR”
Risk in a
Financial Management Context
Risk and Return in
Financial Decision Making
How Risk Affects
Return
Difference
Between Risk Aversion & Avoid or Dislike Risk
Risk-Return
Decision Making in Your Daily Activities.
The WACC For
Making Proper Decision Making
Non-Financial managers, supervisors, and directors from any function in the organization such as: Operation Production Marketing HR IT Logistics Sales Legal
