Finance

Course Objectives:

• Learn the objectives and techniques of forecasting
• Understand the difference between cash flow and profit
• Prepare forecasts using different sources of information
• Understand the factors to consider when performing forecasts
• Learn the Dos and Don’ts of forecasting
• Understand and prepare a cash flow forecast
• Understand the basics of capital expenditure forecasting
• Update forecasts for actual results and evaluate actual results against forecasts
• Learn how to monitor, report and make decisions based on forecasts
• Use forecasting as a performance measurement tool
• Prepare a forecast (comprehensive case study)

Course Content:

• Forecasting objectives
• Forecasting techniques
• Cash flow, profit, assets and liabilities
• The accounting process
• Preparing forecasts
• Cash flow forecasting
• Capital expenditure forecasting
• Monitoring, reporting and decision making
• Forecasting as a performance measure
• Comprehensive case study

Course Objectives:

• Define accounting and the accounting cycle.
• Identify the major rules and principles of accounting under the International Financial Reporting Standards (IFR)
• List the key financial statements (balance sheet, income statement, changes in shareholders’ equity and cash flow statement) and their components.
• Account for financial statements’ adjustments at end of period.

Course Content:

1. Financial Accounting
   1. Introduction to financial accounting and its objectives (flow of basic accounting(
   2. Accounting assumptions, principles, elements, and standards.
   3. Basic definitions used in accounting system to different users.
   4. Cash and accrual basis of accounting.
   5. Budget vs. spend concept and types of commitments.
   6. The fundamental equation of accounting (Rules of debits and credits).
   7. Preparation and presentation of basic financial statements under IFRS/ IAS :
      1. Classified balance sheet / statement of financial position, content and objectives.
      2. Comprehensive income statement, content and objectives.
      3. Statement of cash flows, content and objectives.
      4. Case studies and exercises on most of the subjects covered above.
2. Financial Analysis and financial ratios :
   1. Understanding financial analysis, uses, goals, and objectives.
   2. Basic techniques used in financial analysis: horizontal, vertical and ratios.
   3. Types of ratio analysis: liquidity, profitability, activity, solvency, and cash flows analysis.
   4. Applying Altman’s Z- score to measure the financial health of entities.
   5. Case studies and exercises on most of the subjects covered.

Course Objectives:

• understanding of the fundamentals of effective management of cash flow, including the optimization of the level of working capital.
• Develop practical experience of how to manage cash flow and optimize working capital to facilitate such delivery in real life business situations.
• Increase personal financial skill levels
• Develop confidence through understanding the major drivers of successful financial performance.
• Learn a number of technical skills, all of which lead to the ability to calculate the required figures and implement them into value adding business decisions

Course Content

1. Understanding Cash Flow Management
   1. Managing Short Term Finance Decisions
   2. Managing the Collection System
   3. Managing the Disbursement Systems
2. Managing Corporate Liquidity
   1. Measuring and Managing Liquidity
   2. Managing the Short-Term Investment Portfolio
   3. Managing Short-Term Borrowing from Commercial Banks
   4. Managing Nonbank Sources of Short-Term Credit
3. Managing Working Capital
   1. Managing Credit and Collections
   2. Managing Credit Policy and Accounts Receivable
   3. Managing Accounts Payable and Accruals
   4. Managing and Financing Inventories
4. Managing and Forecasting Cash Flows
   1. Exploring Cash Flow Dynamics through the Financial Statements
   2. Projecting Cash Flow Decisions

Course Objectives

• Design and produce the Accounting and Finance Manual.
• Plan the required resources needed for the department.
• Establish authorities and duties in the department for maximizing efficiency and effectiveness.
• Achieve segregation of duties and internal controls in the department.
• Set comprehensive policies and procedures to streamline accounting operations.
• Acquire a reference explaining essential accounting assumptions and their application.
• Answer the questions: “who does what?” and “how to do it?” by formulating standard and reliable accounting processes.

Course Content:

1. Designing the Accounting Manual
   1. Purpose of the Accounting Manual
   2. Authorities Assigned to Accounting Personnel
   3. Organization of the Accounting Manual
2. Accounting Department Setup Planning
   1. Planning for Proper Reporting
   2. Planning for Human Resources versus Software – HRVSS
3. Accounting Concepts and their Application
   1. Underlying Accounting Assumptions
   2. Accrual Basis of Accounting versus Cash Basis
   3. Going Concern Assumption
   4. System and Reliability of Measurement
   5. General Concepts of Assets, Liabilities, Income and Expense
4. Accounting Procedures General
   1. Setting Chart of Accounts
   2. Accounting Structure
   3. Exchange Rate Differences
   4. Accounts and Cost Centers
   5. Prepaid and Accrual Concepts and Treatments
5. Reporting
   1. Essential Budgeting Policies
   2. Financial Statements Issuance Steps
   3. Financial Analysis and Comparisons to Budget