At the end of this course, the participants should be able to:
• Transform financial and accounting concepts into tools that they can use in decision-making
• Preparing the operational budget and linking it to the strategic objectives of the establishment
• Apply capital budgeting techniques to enhance the decision making process
• Understand accounting and financial terms so that they can deal with them with confidence

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
• Internal 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
• Variable costs definition
• Fixed 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 budget as a planning tool
• The budget as a control tool
• General rules of the budget
• General indicators and guidelines
• Difficulties associated with budgets
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.

• Financial Statements Interpretation
• Budget Planning and Control
• Elements of Cost
• Business Acumen
• Entrepreneurship

This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:
• Case studies and practical exercises
• Workshops and group activities
• Interactive discussions
• Brain storming
• Energizing team competitions
• Presentations
• Learning games

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