Finance and Accounting Essentials for Non-Finance Professionals
About This Course
This comprehensive course equips learners with a strong foundation in accounting and financial analysis, integrating key principles, standards, and practical applications. The curriculum begins with the Essentials of Accounting and Financial Standards, where participants will grasp core accounting concepts, regulatory frameworks and financial terminology. Moving forward, the course dives into Financial Statements, Key Ratios, and Investment Analysis, enabling learners to interpret income statements, balance sheets, and cash flow statements. Participants will gain the skills to evaluate a company’s financial health using key ratios and make informed investment decisions through tools like Net Present Value (NPV). By the end of the course, learners will confidently navigate financial statements, perform ratio analyses, and assess investment viability with precision to assist them in their daily activities and making business decisions.
What You'll Learn
LO1: Understand the essential accounting terms and standards
LO2: Interpret key financial statements including Income Statement, Balance Sheet and Statement of Cash Flows to assess investment viability
LO3: Use key ratios including Efficiency Ratios, Profitability Ratios, Valuation Ratios, Liquidity Ratios and Leverage Ratios to take steps to improve a company’s financial health and performance
Topics covered:
• Government Agencies Regulatory/Accounting bodies- Standards (IFRS and GAAP)
• Types of Reports: Internal vs External
• Internal and External Audits
• Sources of information
• Bonds and Equity
• Tax deductions and credits
• Capital gains vs. Ordinary Income
• Income tax summary
• Understanding Double Entry Concepts
• Accounting Terminology within Financial Statements
• Bookkeeping and Recording Transactions- Journals, Cash Book, General Ledger
• Understanding Income Statements (Profit and Loss) and its relation to revenue generation and cost control
• Understanding Balance Sheet (Assets, Liabilities Equity) and its relation to asset management and financing process
• Understanding Cash Flows (Operating, Investing Financing) and its relation to cash conversion, capital budgeting process, investment analysis process and working capital management
• Understanding Budgeting
• Capital Expenditure treatment
• Corporate Finance
• WACC cost of capital and CAPM model for Investment Analysis
• Using NPV for Investment Analysis
• Understanding payback periods and IRR for Investment Analysis
• Product costing
• Understanding Key Ratios (Efficiency, Profitability, Valuation, Liquidity, Leverage)
• Analyzing and interpreting Key Ratios to take steps to improve a company’s financial health and performance
Entry Requirements
Can understand English
Age group suitable for all
Must have basic computer knowledge
No experience required
Minimum education level: ‘O’ levels or similar level