Course in Fundamentals of Finance and Accounting

Objectives and Target Group

• Develop a strong understanding of finance fundamentals and their application in business decision-making.
• Master accounting basics and the accounting cycle, from transaction recording to financial statement preparation.
• Gain expertise in financial management, including cash flow management, risk management in finance, and auditing and assurance.
• Learn to analyse financial statements and interpret key financial metrics for performance assessment.
• Enhance skills in tax accounting, bookkeeping essentials, and economic principles in finance for regulatory compliance and operational efficiency.

Target Audience

• Finance professionals, accountants, and analysts looking to strengthen their expertise in financial accounting and business finance.
• Business owners, entrepreneurs, and managers seeking a deeper understanding of financial management and investment analysis.
• Executives and corporate leaders responsible for budgeting and forecasting, risk management in finance, and financial decision-making.
• Professionals transitioning into finance or accounting roles who require knowledge of accounting principles, cost accounting, and bookkeeping essentials.

Course Content

• Introduction to Finance and Accounting
  
  • Overview of finance fundamentals and their role in business.
  • Understanding accounting principles and their importance in financial reporting.
  • Differentiating between financial accounting and managerial accounting in decision-making.
• Financial Statements and Analysis
  
  • Detailed exploration of financial statements, including income statements, balance sheets, and cash flow statements.
  • Techniques for conducting financial analysis and evaluating business performance.
  • Utilising economic principles in finance to assess profitability and sustainability.
• Accounting Cycle and Bookkeeping Essentials
  
  • Step-by-step breakdown of the accounting cycle, from journal entries to financial statement preparation.
  • Importance of bookkeeping essentials in maintaining accurate financial records.
  • Adjusting entries, closing accounts, and reconciling financial data.
• Corporate Finance and Business Financial Planning
  
  • Fundamentals of corporate finance and capital structure.
  • Essentials of business finance, including capital budgeting and financial decision-making.
  • Role of investment analysis in assessing potential business opportunities.
• Managerial Accounting and Cost Control
  
  • Application of managerial accounting for internal decision-making.
  • Key concepts in cost accounting for cost control and profitability analysis.
  • Budget allocation, variance analysis, and expense management.
• Budgeting, Forecasting, and Cash Flow Management
  
  • Methods of budgeting and forecasting to ensure financial stability.
  • Strategies for cash flow management to optimise liquidity and working capital.
  • Managing short-term and long-term financial planning.
• Tax Accounting and Compliance
  
  • Principles of tax accounting and regulatory requirements.
  • Tax planning strategies to optimise financial efficiency.
  • Ensuring compliance with financial reporting standards and tax laws.
• Auditing, Assurance, and Risk Management
  
  • Understanding auditing and assurance practices for financial integrity.
  • Identifying and mitigating financial risks through risk management in finance.
  • Internal controls and fraud prevention in financial operations.