Accounting for Non-Accountants #252004

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Accounting for Non-Accountants is a 5-day intensive course designed to equip participants with a solid understanding of fundamental accounting principles and practices. This course will demystify financial statements, budgeting, and cost analysis, empowering individuals to make informed business decisions.

Upon completion of this course, participants will be able to:
• Understand the fundamental accounting principles: including generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS)
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• Analyze financial statements: balance sheets, income statements, and cash flow statements.
• Interpret key financial ratios: to assess a company's financial health.
• Prepare budgets and forecasts: to plan and manage resources effectively.
• Understand cost accounting concepts: and apply them to decision-making.
• Communicate financial information effectively: to stakeholders.

This course is suitable for:
• Non-financial professionals
• Business analysts
• Project managers
• Entrepreneurs
• Anyone who needs to understand financial information

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a binder containing a copy of the presentation
• slides and handouts
• Post-assessment

• Basic Accounting Principles:
o The accounting equation
o The double-entry system
o The accounting cycle
• Financial Statements:
o The balance sheet
o The income statement
o The cash flow statement

• Ratio Analysis:
o Liquidity ratios
o Solvency ratios
o Profitability ratios
o Efficiency ratios
• Interpreting Financial Statements:
o Understanding the impact of business decisions on financial performance
o Identifying trends and patterns in financial data

• Budgeting Process:
o Developing a budget
o Monitoring budget performance
o Variance analysis
• Forecasting Techniques:
o Forecasting methods (trend analysis, regression analysis)
o Sensitivity analysis
o Scenario planning

• Cost Concepts:
o Direct and indirect costs
o Fixed and variable costs
o Product and period costs
• Cost Accounting Systems:
o Job order costing
o Process costing
o Activity-based costing (ABC)

• Financial Decision Making:
o Capital budgeting techniques (NPV, IRR, payback period)
o Risk assessment and management
• Ethical Considerations in Accounting:
o Ethical standards and professional conduct
o Fraud prevention and detection
o Corporate social responsibility

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