Course Outline
The Why & How of Numbers
- Clarifying commonly used finance and accounting terms, including:
- Are there any financial regulations governing the accounting and finance sector?
- Different accounting methods, such as cash versus accrual basis
- Introduction to Financial Statements, which include:
- Income Statement
- Balance Sheet
- Cash Flow Statement
- Statement of Changes in Equity
- The relationship and data flow among all Financial Statements
Revenue & Expenditure
- What is included in Revenue and what is excluded from it
- Cash versus Revenue; why these concepts differ
- Different types of expenditure recorded in financial transactions
- What is Cost of Goods Sold – why it is important and how it impacts profitability
Income Statement
- A detailed review of the Income Statement and its line items
- Understanding key terminology used in the Income Statement
- Different types of profits, such as Gross Profit, Operating Profit, and Net Profit
- What are EBIT and EBITDA and their significance
- What are extraordinary items and how they are treated during Income Statement analysis
Balance Sheet
- Key terms used in the Balance Sheet, such as Assets, Liabilities, and Equity
- Understanding the nature of Assets and their classification into Current and Non-Current assets
- What are intangible assets and how they are recorded in the balance sheet
- Understanding Depreciation & Amortization
- How to classify Current & Non-current liabilities
- What is included in Equity, Retained Earnings, and Reserves?
Cash Flow Statement
- Understanding the structure of the Cash Flow Statement
- What are the different classifications of cash flows according to activities
- Cash flow from Operating Activities
- Cash flow from Investing Activities
- Cash flow from Financing Activities
- Establishing the link between cash flows from the above three activities and how a business can relate to financing sources using cash flows from different activities
Financial Statement Analysis – Ratio Analysis
- What is the objective of Financial Analysis
- What are the different types of financial ratios?
- How to calculate and interpret different types of financial ratios, including:
- Profitability ratios
- Liquidity Ratios
- Solvency Ratios
- Investor Ratios
- Are ratios half the picture?
- How to use ratios to analyze a company’s financial health
Introduction to Budgeting
- How can financial budgets play a vital role in managing the business?
- What is the budget cycle?
- Long-run budget vs short-run budgets
- Different budgeting methodologies, including static budget, flexible budget, zero-based budgets, etc.
Investment Appraisal & Project Evaluation Techniques
- Clarifying the Time Value of Money concept
- Using the time value of money concept to calculate discounted cash flows
- How to segregate between relevant and irrelevant cash flows when analyzing a new project
- Introduction to various investment appraisal techniques, including:
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Payback Method
- How to make project decisions regarding accepting or rejecting a new project
Testimonials (4)
Meeting efficiency is something that's fairly "basic", but not thought about a lot and with really large implications on people/company time. Understanding these best practices and keeping them top-of-mind will be of immediate help.
Dan Moffatt - Chris Courtemanche
Course - Personal Efficiency and Managing Meetings
Provided and explained very clearly a lot of foundational concepts, which fit well with the team's level of learning. The exercises were very engaging and I believe my team were comfortable and participated very well. Coordinating with the trainer as well was very seamless.
Christlan Tolentino - Canadian Blood Services
Course - Critical Thinking
I especially appreciated the instructor’s ability to give thorough, well-explained answers to questions specific to my personal situation.
HASAN TAHA URLU - Huber Turkiye
Course - Assertiveness
the exercises and the way the trainer was explaining