Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Accountants, finance officers, and administrative staff seeking to enhance their financial skills.
• Non-financial professionals who need a better understanding of accounting and finance.
• Department heads and supervisors involved in budget monitoring and financial control.
• Entrepreneurs and business owners responsible for managing financial performance.
• Anyone interested in developing practical finance and accounting competence.

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Understand the fundamentals of financial accounting and reporting.
• Prepare, read, and interpret key financial statements.
• Apply essential financial ratios and performance indicators.
• Manage budgeting, forecasting, and cash flow efficiently.
• Use financial information to support business decisions and planning.

DAY 1

Foundations of Finance and Accounting

Welcome and introduction

Pre-test

The Role of Finance and Accounting in Business

Basic Accounting Concepts and Principles

The Accounting Equation: Assets, Liabilities, and Equity

Recording Transactions and the Double-Entry System

The Accounting Cycle: From Journals to Financial Statements

Workshop

DAY 2

Understanding Financial Statements

• The Structure and Purpose of Key Financial Statements
• Balance Sheet: Financial Position Overview
• Income Statement: Measuring Profitability
• Cash Flow Statement: Managing Liquidity
• The Link Between Profit, Cash, and Capital
• Introduction to Adjusting Entries and Accrual Accounting
• Common Financial Ratios: Liquidity, Profitability, and Efficiency
• Practical Exercise

DAY 3

Budgeting and Financial Planning

• The Role of Budgets in Financial Management
• The Budgeting Process: Planning, Preparation, and Control
• Types of Budgets: Operating, Capital, and Cash Budgets
• Budgets: Operating, Capital, and Cash Budgets
• Forecasting Revenues and Expenses
• Linking Budgets to Organizational Objectives
• Variance Analysis and Performance Measurement
• Group Activity

DAY 4

Cash Flow and Cost Management

• Understanding Cash Flow vs. Profit
• Building and Managing a Cash Flow Forecast
• Managing Working Capital: Receivables, Payables, and Inventory
• Cost Classification: Fixed, Variable, and Semi-Variable Costs
• Cost Behavior and Break-Even Analysis
• Managing Costs for Profitability Improvement
• Case Study

DAY 5

Financial Decision-Making and Reporting

• Financial Analysis for Business Decisions
• Evaluating Investments: Basic Principles of Time Value of Money
• Financial Controls and Accountability
• Preparing and Presenting Financial Reports to Management
• Communicating Financial Information to Non-Financial Audiences
• Final Workshop
• Post-test
• Certificate ceremony