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A highly interactive training course on

Certificate in Practical Finance and Accounting

Essential Tools for Business Management
Coventry Academy - Certificate in Practical Finance and Accounting
5
Days

Course Schedules

 Dubai
 13-17 May 2024
 $5,950
 Dubai
 07-11 Oct 2024
 $5,950
 Dubai
 27-31 Jan 2025
 $5,950

Training course overview

Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties such as shareholders and creditors. Nobody working in business can afford financial illiteracy.

The story of any company, no matter the size, the industry, or the country of origin, is told through its financial records and reports. Income, debt, revenue versus expenses, compensation, and cost of retaining customers can all be found on financial statements.

Even for non-financial managers, there comes a point you have to provide financial justification for what you're doing, and you have to make decisions based on numbers that come from other people. If you don't know what you're looking at, and you don't know the right questions to ask, your effectiveness is diminished.

This popular Coventry Academy training course will introduce you to the language of finance and accounting, and help delegates understand the systems and procedures of accounting systems used by business enterprises.

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

The certificate

  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Coventry Academy
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