The Finance for non-finance programme enables professionals, especially from functional areas other than finance such as sales, marketing, human resource, research and development, production, procurement, to gain an extensive working knowledge of critical financial principles in an easy-to-follow manner, enabling them to make critical business decisions involving cost-savings, budgets, new projects decisions, growth strategies and so on. Participants are able to understand and analyse financial statements as well as grasp the basic fundamentals of finance and accounting.


Fundamentals of Financial Accounting

Fundamentals of Financial Accounting

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This course will teach you the tools you'll need to understand the fundamentals of financial accounting. The financial records of a small business, and guide you through the three most commonly used financial statements: the Balance Sheet, the Income Statement, and the Statement of Cash Flows. Beyond recording transactions, you'll learn how to prepare these financial statements, and read and analyze them to draw basic conclusions about a company's financial health.

Topics covered

  • Accounting Equation
  • Financial Equation
  • Difference Between Accounting and Finance
  • Financial Statements
  • Generally Accepted Accounting Principles

Training Objectives

  • To Understand the Accounting and Finance Equations
  • To be able to use the Financial Control of the Organization
  • To enhance the Financial Domain

Benefits

  • Understand and control the Financial System to meet the Business Objectives
  • Use Financial Control
  • Enhance the Proficiency of Financial Domain

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Budgeting Fundamentals

Budgeting Fundamentals

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A budget is a financial plan that takes income and expenses into account and provides estimates for how much you make and spend over a given period of time. Addressing your financial situation and distinguishing between needs and wants is an important first step before creating your annual budget. If you’re new to budgeting, it’s important to understand what a budget is and how it helps you examine what you earn and how you are spending that income. A budget is a financial plan that takes income and expenses into account and provides estimates for how much you make and spend over a given period of time.

Topics Covered

  • Effective Budgeting
  • Characteristics of Effective Budget
  • Stages of the Budgetary Planning Process

Training Objectives

  • Learn several concepts and techniques that are the building blocks of any useful budget
  • Importance, goals and also the limitation of budgets that are negatively perceived within an organization
  • Characteristics of an effective budget and explains about the stages of the budgetary planning process

Benefits

  • This training will help you to approach your own budget or company's without intimidation
  • Also help you to make a process that will work for you and you will achieve a better grasp on the outlook for the future


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