At the end of this course, the participants should be able to:

• Acquire the required knowledge and skills in the area of using of financial information in decision-making.
• Prepare the operational budget and link it to the strategic objectives of the establishment
• Apply capital budgeting techniques and cost -profit relationship to enhance the decision making process

Financial Statements

• Objectives of financial statements and reports
• Elements of financial statements
• Statement of financial position
• Income statement
• Cash flow statement

Interpretation and Analysis of Financial Statements

• External users of financial statements
• nternal users of financial statements
• Types of financial ratios
• Liquidity ratios
• Leverage ratios
• Activity ratios
• Profitability ratios
• Investment ratios

Costs: Elements and Types

• Why does an enterprise need to determine the cost of products or services?
• Cost center
• Cost elements
• Prime cost
• Conversion cost
• Costs and stages of production

Break-even Point Analysis

• Cost definition
•  Fixed costs definition
• Variable costs definition
• Break-even point definition
• The equation method
• Multiple products break-even point
• Break-even point in value

Planning, Preparation and Execution of Budgets

• Budget principles
• The enterprise environment
• Financial forecasting
• Budget definition
• The plan
• The budget as a planning tool
• The budget as a control tool
• General rules of the budget
• General indicators and guidelines
• General challenges with budgeting

Capital Expenditures and Investment Alternatives

• Capital planning areas
• Project evaluation methods
• Time value of money
• Payback period
• Future value
• Present value
• Net present value
• Internal rate of return

• Understanding Financial Statements
• Read and Interpret Financial Statements
• Budgeting
• Costing
• Decision Making

A variety of training methods will be used to suit the nature of the program such as:
• Case studies and practical applications
• Workshops and group activities
• Presentations
• Brainstorming
• Interactive discussions
• Energizing team competitions
• Learning games

Managers, supervisors and employees who wish to enhance their financial and accounting knowledge.