Accounting & Finance For Non Finance Managers

Accounting & Finance for Non Finance Managers course is offered by PM Resources. At PM Resources, we know the importance of seeing the big picture but alongside the big picture, we also develop an understanding specific to your needs - to put practical insights to work for you and your organisation in the most relevant way. We are committed to long-term relationships with you.

Outline Modules:

• Module 1: What Are Financial Statements (FS)
• Purpose of FS
• The users of FS
• Accounting Conventions
• Limitations of FS
• Module 2: Key Components Of FS
• Income Statement
• Statement of Financial Position
• Statement of Owners Equity
• Statement of Cash Flow
• Module 3: Double Entry Accounting
• Debits & Credits
• T Account
• Journal and Ledger Accounts
• Trial Balance
• Module 4: Accrual Accounting Concept – GAAP
• Basic principles on revenue recognition
• Accounting profit versus real profit
• Accounting risks in income statement
• Module 5: Key Areas In The Analysis Of Financialstatements
• Financial ratios
• Operating cycle and workingcapital
• Company’s net worth
• Financial leverage (gearing)
• Debt versus equity
• EBITDA
• Depreciation
• Contingent liabilities
• Creative accounting
• Fair value concept
• Asset Impairment
• Module 6: Cash Flow Projection Analysis
• Understanding of cash flow
• Financial drivers of cash flow
• Purpose of cash flow projection
• Downsides of cash flow projection
• Module 7: Financial Statements Of Different Industries
• Main business characteristics of each industry
• Key risk issues of each type of business
• Module 8: Non - Financial Performance Indicators (NFPI)
• Definition of NFPI
• The importance of NFPI in the assessment of the performance of a company
• Module 9: Reporting Of Financialstatement
• Who is responsible for preparation of FS
• Role of external auditors
• Types of audit opinion
• Fraudulent financial reporting in FS