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Washington

Fundamentals of Finance & Accounting

ID  57

Finance and Accounting Training Courses

Fundamentals of Finance & Accounting

Washington

Hotel Name
Hotel Meeting Room

07 Apr 2025 : 11 Apr  2025

25 Hours

6950 USD

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Training Details

Introduction

Financial skills and knowledge are vital for all managers in all organisations. A more challenging business and economic climate and an increase in financial delegation is making this even more so.

Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals.This interactive and engaging programme addresses these important issues.

Key areas covered in this program include:

  • Reading, interpreting and using financial statements (internal and external)
  • Improving business cases and decision making
  • Costing and presenting plans and proposals
  • Working more effectively with budgets
  • Delivering improved financial performance, profit & cash flow

 

Objectives

At the end of this program delegates will be able to:

  • Read and interpret financial statements
  • Analyse business performance
  • Contribute to cash and working capital management
  • Build budgets and Manage costs and budgets
  • Present business cases and utilise financing techniques to improve decision making

 

Training Methodology

The training uses an interesting mix of lively discussion, case studies and exercises, contemporary examples and videos.

We focus on the practical application of concepts and ideas. Experiences from real business situations and decisions will be used to bring concepts to life.Delegates are requested to bring copies of their organization’s accounts together with internal financial reports that they work with.

 

Organisational Impact

Organisations will benefit from trained managers who will:

  • Make better business and management decisions and cases
  • Mange budgets and resources more effectively
  • Have better regard for their impacts on:
    • Profit
    • Cash
    • Business Risk
    • Business Performance
  • Work more effectively with colleagues in other functions (including finance)
  • Identify more opportunities to improve business performance
  • Provide knowledge and understanding that can be shared amongst other departments of the business

 

Personal Impact

Participants will be able to advance their careers as a result of understanding the various subject covered. In particular they will be able to:

  • Understand the basic concepts of finance as it relates to their businesses
  • Interpret their organizations financial signals
  • Think and speak the language of finance
  • Read and understand balance sheets and profit-and-loss statements
  • Understand how to control and manage a companies cash flow

 

SEMINAR OUTLINE 

DAY 1: The Basics

  • Accounting Terminology and Policies
  • Accounting as an information system
  • The accounting equation- what does it mean
  • Generally accepted Accounting Principles
  • Differentiating between cash and accrual basis accounting
  • Basic cash flow statements
  • Walking through an Annul Report
  • The annual report package
  • The role of external auditor
  • The accountant’s report and auditor’s opinion

 

DAY 2: How To Interpret Accounts and Financial Statement Analysis

  • Preparing income statement & balance sheet
  • Financial and liquidity ratios
  • The cash conversion cycle
  • Working capital management
  • Profitability and gearing ratios
  • Du Pont Formula
  • Financial & Non-financial analysis
  • Credit analysis
  • Z- Scores and credit ratings
  • Bank lending decisions

 

DAY 3 : Planning for Profit

  • Understanding and working with costs
  • Plan for cost reduction and profit improvement
  • Fixed and variable costs income statement
  • Break-even analysis
  • Contribution margin
  • Costing approaches – Full Absorption, Marginal, ABC
  • Standard Costing
  • New ideas in cost management – lean principles

 

DAY 4 : Budgeting in Today’s Competitive Business

  • The Budgeting Process
  • The role of budgeting
  • Annual budgeting process
  • Identifying and resolving budgeting variances
  • Different budgeting systems in use today
  • Budgeting tips and techniques
  • Variance analysis

 

DAY 5 : Cash Flow & Investment Decisions

  • Capital budgeting
  • Weighted Average Cost of Capital
  • Present Value
  • Internal Rate of Return – method
  • Profitability Index
  • Discounted cash flow

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:

    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

  • Scientific Assessment:

    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

  • Brainstorming and Role-playing:

    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

  • Practical Cases:

    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

  • Final Evaluation and Certificates:

    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality for Training and Administrative Consultations, provided they have completed at least 80% of the program days.

  • Training Materials:

    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

  • Post-Training Follow-up:

    • European Quality for Training and Administrative Consultations provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

  • Customized Training Programs:

    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

  • Utilizing Technology:

    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

  • Specialized Trainers:

    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.

  • Encouraging Participation:

    • European Quality encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

  • Focus on Personal Transformation:

    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.

  • Continuous Assessment:

    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

  • Terms and Conditions:

    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

  • Prices and Discounts:

    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality for Training and Consultancy is certified

ISO 9001-2015

All rights reserved

Course Options

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Result -->

12 Courses

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A

Z

Treasury and Cash Management

ID 662

One week

Course Details

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Treasury and Risk Management

ID 861

One week

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Accounts Payable From Accounting to Management (Planning, Organizing and Achieving Best Practices)

ID 598

One week

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Accounts Payable: Accounting and Management Best Practices

ID 761

One week

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Payroll Accounting

ID 762

One week

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Dates & Locations

Corporate Finance

ID 40

One week

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Dates & Locations

Finance for Managers

ID 41

One week

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Dates & Locations

International Financial Reporting Standards

ID 42

One week

Course Details

Dates & Locations

Budgeting, Forecasting and the Planning Process

ID 43

Two weeks

Course Details

Dates & Locations

The Financial Excellence Programme

ID 44

Two weeks

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Financial Analysis, Planning & Control

ID 45

Two weeks

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Oil & Gas Accounting & Performance Measurement

ID 46

One week

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Dates & Locations