Financial Statements

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

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