This course focuses on the principles and practice of budgeting and accounting and providing participants with the practical knowledge to manage budgets effectively in the workplace.
Designed for:
This course is designed for non-financial managers in every functional area who need to understand the language and basic principles of finance in organizations and who wish to feel confident with budget preparation.
Learning Objectives:
- Understand the basic principles and terminology of finance
- Analyze and interpret financial reports
- Prepare meaningful budgets and forecast profitability
- Make full use of management information and clarify management decisions
Course Content:
Introduction to the principles of accounting
- Overview of how accounting structures started and how they developed
Accounting Transactions
- Gain an appreciation of double-entry accounts and how they work
- Understand the names and functions of all the essentials including turnover, revenue, profits, balance sheet, liabilities, income statement and cash flow
Interpreting Accounts
- Make sense of whole documents and create a story from them
- Spot which areas of business are not performing and why that might be
- Understand profit and loss accounts
- Establish the difference between fixed and current assets
- Understand how depreciation impacts your accounts
- Look at company accounts and look for trends in the data to make sense from them
Budgets & Budgetary Control
- Learn what a budget is and how to construct one
- How to control against a budget once it exists and what can be done if you realize your actuals (what really happened) does not match the forecast
- Practice more finance speak and get comfortable with creating budgets
Management Accounting & Performance Management
- Speak the language of business properly
- You will discuss profit and margins and how to decide if a business is performing well or not. You will use various tools to manage performance
- Learning tools to help you assess your own financial performance
Funds Management and Cash Flow Forecasting
- Understand why cash forecasting is so important
- Learn the basics of fund management
- Experience the type of decisions needed when managing funds and you will see the problems associated with forecasting cash flow
Cost-Benefit Analysis
- Understand an often used tool in management.
- Show how good a proposal is in terms of what it will cost against the benefits it brings.
- Tangible and intangible benefits are discussed
- Learn how to do a cost-benefit analysis.
Duration: 23 & 24 May 2020
Location: 5-star Hotel
Language: Vietnamese
Trainer: TBC
Fee: 6,400,000 per participant (This fee is included training material, tea break, lunch, no extra fee)
Click HERE to register or fill in the form below