Saudi Arabia
Egypt
UAE
Canada
Financial for Non-Financial
By the end of this course, participants will be able to:
• Identify the four key financial statements: the balance sheet, income statement, cash flow statement, and changes in equity, in addition to key financial terms commonly used in organizations, such as profit and profit margin.
• Analyze the financial situation of organizations and departments and use financial information for management and evaluation.
• Prepare an operational budget and link it to the strategic objectives of the organization.
Module 1 - Key Financial Data
1 Parts
- Understanding the Accounting Cycle
- The Five Main Financial Accounts
- Income Statement: A Measure of Company Performance
- Accrual Accounting vs. Cash Accounting
- Balance Sheet: A Snapshot of the Current Position
- Statement of Equity
- Cash Flow Statement: Cash Is King
- The Financial Data Cycle
- Responsibilities of Internal and External Auditors
Module 2 - Essential Components of Financial Data Analysis
1 Parts
- Trend Analysis and Horizontal Analysis
- Vertical Analysis: Common-Size Financial Data
- Liquidity Analysis
- Solvency Ratio
- Activity and Investment Ratios
- Profitability Analysis
Module 3 - Methods and Process of Developing an Operating Budget
1 Parts
- What Is an Operating Budget?
- Steps in Creating an Operating Budget
- Key Budgeting Components
- Sales Forecasts
- Budgeting Approaches
- Incremental Budgeting
- Zero-Based Budgeting
- Monitoring and Adjusting the Budget
