Financial Management and Accounting Essentials (GBMBE928)

The Financial Management and Accounting Essentials course is designed for finance professionals, business managers, and individuals seeking to gain a comprehensive understanding of financial management and accounting principles. Over five days, participants will explore the fundamentals of financial statements, budgeting, financial analysis, risk management, and financial decision-making.

Upon completing this course, participants will be able to:

1- Understand the key principles and concepts of financial management and accounting

2- Analyze financial statements to assess an organization’s financial health

3- Develop and manage budgets effectively

4- Make informed financial decisions to optimize resources

5- Identify and mitigate financial risks

– The Role of Finance in Business

– Key Financial Concepts and Terminology

– Financial Management vs Accounting

– Aligning Financial Goals with Organizational Objectives

– Understanding Financial Statements (Income Statement, Balance Sheet, Cash Flow Statement)

– Financial Ratios and Performance Analysis

– Common Size and Trend Analysis

– Practical Exercises: Analyzing Financial Statements

– Importance of Budgeting in Financial Management

– Types of Budgets (Operating, Capital, Cash Flow, etc)

– Creating and Managing Budgets

– Case Studies: Budget Development and Management

– Capital Budgeting and Investment Analysis

– Cost of Capital and Financing Decisions

– Financial Risk Assessment and Mitigation

– Group Discussion: Real-Life Financial Decision Scenarios

– Financial Reporting and Compliance

– Internal Controls and Audit

– Continuous Improvement in Financial Management

– Course Recap, Q&A