This course is designed with more illustration of the technique together with practical examples. The students are expected to participate in the discussions. The course will highlight the role of finance and accounting. The financial data will be discussed to be analyzed and understood.
Program Overview
Objectives
Upon successful completion of this course, participants will be able to:
- Know the structure and elements published financial statements
- Explain accounting concepts and the accounting equations
- Explain how the various components of the financial statements link together to tell a story of the business being reported
- Interpret financial statements
- Briefly explain various costing techniques
- Apply basic budgeting techniques in different scenarios
Program content
- The statement of comprehensive income (profit and loss account)
- The statement of financial position (balance sheet)
- The statement of cash flow
- Interpretation of financial statements
- Elements of cost and overhead absorption
- Activity-based costing
- Using costs for decision making
- Budgetary planning and control
- Accounting for income taxes: current and deferred taxes
Who should attend
Managers seeking to improve their financial skills and dramatically improve their professional standing; Employees seeking to establish themselves as professionals and professionals seeking to advance their career and demand better salaries.