Course Outline
The Why & How of Numbers
- Demystifying the most commonly used finance/accounting terms including
- Are there any financial regulations that govern the world of accounting & finance?
- Different methods of accounting i.e. Cash vs Accrual basis
- Introduction to the Financial Statements containing
- Income Statement
- Balance Sheet
- Cashflow Statement
- Statement of Changes in Equity
- The relationship and flow of data among all Financial Statements
Revenue & Expenditure
- What is included in Revenue and what is excluded from it
- Cash vs Revenue; why these are not the same
- Different types of expenditure used in recording financial transactions
- What is Cost of Goods Sold – Why this is important and how it affects the profitability
Income Statement
- A detailed review of Income Statement and its line items
- Understanding the key terminology used in the Income Statement
- What are different types of profits i.e. Gross Profit, Operating Profit, Net Profit
- What are EBIT and EBITDA and its significance
- What are the extraordinary items and how they are viewed while analyzing the Income Statement
Balance Sheet
- Key terms used in Balance Sheet i.e. Assets, Liabilities and Equity
- Understanding the nature of Assets and their classification in Current and Non-Current assets
- What are intangible assets and how we record them in the balance sheet
- Understanding Depreciation & Amortization
- How to classify the Current & Non-current liabilities
- What is included in Equity, Retained Earnings, and Reserves?
Cashflow Statement
- Understanding the structure of Cashflow Statement
- What are the different classification of Cashflows according to the activities
- Cashflow from Operating Activities
- Cashflow from Investing Activities
- Cashflow from Financing Activities
- Establishing the link between cash flow from the above 3 activities and how the business can relate
to the financing sources with the help of cash flows from different activities
Finance Statement Analysis – Ratio Analysis
- What is the objective of Financial Analysis
- What are different types of financial ratios?
- How to calculate and interpret different types of financial ratios including
- Profitability ratios
- Liquidity Ratios
- Solvency Ratios
- Investor Ratios
- Are ratios half the picture?
- How to use ratios to analyze a company’s financial health
Introduction to Budgeting
- How can financial budgets play a vital role in managing the business?
- What is the budget cycle?
- Long run budget vs short run budgets
- Different budgeting methodologies including static budget, flexible budget, zero-based budgets etc.
Investment Appraisal & Project Evaluation Techniques
- Demystifying the Time Value of Money Concept
- Using time value of money concept calculate the discounted cash flows
- How to segregate between relevant and irrelevant cashflows when analyzing the new project
- Introduction to various investment appraisal techniques including
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Payback Method
- How to make project decision regarding accepting or rejecting a new project
Testimonials (2)
SMART Goal session was the most enjoyable part of the training that helped me manage my time properly. it helps me set my goal clearer and i could really see that setting SMART Goal can relate to almost everything such as Finance, Social Life, Career and Personal Growth.
Manot Sae - MVCI (Thailand) Limited
Course - Workshop: Boost your productivity with this new method!
I liked the involvement of the trainer and how her energy involved also the participants, the training was interesting, with many practical supporting facts and examples, practical exercises. It was great!