A highly interactive training course on

Certificate in Practical Finance and Accounting

Essential Tools for Business Management

Course Schedules

Dubai

27-31 Jan 2025

$5,950

Dubai

12-16 May 2025

$5,950

Dubai

06-10 Oct 2025

$5,950

Training course overview

Accounting is often referred to as the language of business, serving as the primary means through which managers communicate financial and economic information to external stakeholders like shareholders and creditors. Financial literacy is essential for anyone in business.

Every company's narrative, regardless of size or industry, is conveyed through its financial records. Key metrics such as income, debt, revenue, expenses, compensation, and customer retention costs are reflected in financial statements.

Even non-financial managers eventually need to justify their actions financially and make decisions based on numerical data. Without a clear understanding of financial information and the right questions to ask, effectiveness can be compromised.

This popular Coventry Academy training course will introduce participants to the fundamentals of finance and accounting, helping them grasp the systems and procedures underlying business accounting practices.

What are the goals?

By the end of this Coventry Academy training course, you will be able to:

Be Aware of How Financial Markets Can Support Efficient Business Operations
Read and Understand Annual Financial Reports, and Be Aware of How They Are Prepared
Understand How Business Accounting Systems Work
Identify and Appraise Wealth-Generating Investments
Apply a Range of Management Accounting Techniques to Maintain or Improve Profitability

Who is this training course for?

This Coventry Academy training course is suitable to a wide range of professionals in all types of industries, who wish to better understand the practical benefits of accounting and finance for their business. It will be particularly useful for:

Financial and Business Advisors
Business Entrepreneurs
Members of the Operational Management Team
Those Who are Starting Their Careers in Finance and Accounting
Non-Executive Board Members on the Audit Committee

Course Outline

Day One: The Business Accounting System

Why we need accounting systems
Identification, recording and understanding transactions in the accounting system
The income statement (statement of comprehensive income)
The balance sheet (statement of financial position)
The statement of cash flows
Applying accounting concepts, and financial reporting standards and exercising professional judgment

Day Two: Analysing and Interpreting the Annual Financial Report

Presentation of the financial statements
The differences between assets and expenses
Depreciation of long-term assets
Inventory costs and cost of goods sold (COGS)
Analysis of the financial statements
Interpretation of the financial statements

Day Three: Management Accounting

Management accounting for effective communication and decision-making
Identifying product costs and measuring output
Cost-volume-profit (CVP) and break-even analysis
Preparing and using budgets to plan and control the organisation
Actual to budget performance comparison
Using variance analysis to drive performance improvement

Day Four: Financing and Hedging Financial Risk

An overview of financial institutions and markets
Sourcing and raising finance
Choice of the most appropriate financing
Return on investment and the cost of capital
Foreign currency transactions
Managing foreign currency exchange rate and interest rate risk

Day Five: Maintaining Growth Through Value-Adding Investment

Identifying value-adding capital investment opportunities
Investment appraisal using accounting rate of return (ARR) and payback
Discounted cash flow (DCF) techniques: net present value (NPV) and internal rate of return (IRR)
Making investment choices when funds are limited
Risk and uncertainty
Incorporating risk into the investment decision