Course Highlights
- Practical introduction to financial accounting
- Clear understanding of financial statements
- Financial statement analysis techniques
- Overview of IFRS principles
- Real business examples and case discussions
- Skills to support better financial decisions
What you will Learn
By the end of this training, participants will be able to:
- Understand core financial accounting principles
- Interpret financial statements confidently
- Apply financial analysis techniques
- Recognize financial performance indicators
- Understand internal controls and auditing basics
- Use financial data to support business decisions
Who Should Attend
This course is suitable for:
- Finance professionals
- Business managers and supervisors
- Auditors and financial analysts
- Entrepreneurs and business owners
- Professionals who work with financial information
Day1 – Financial Accounting Basics
Understand the foundation of accounting and financial reporting.
- Introduction to financial accounting concepts
- Purpose of accounting in business
- Double-entry bookkeeping system
- Chart of accounts explained
- Recording journal entries
- Accruals and deferrals basics
- Preparing a trial balance
- Introduction to IFRS standards
Day 2 – Understanding Financial Statements
Learn how companies prepare and present financial statements.
- Income Statement fundamentals
- Balance Sheet structure and components
- Statement of Cash Flows overview
- Cash accounting vs accrual accounting
- Understanding retained earnings
- Notes to financial statements
- How financial statements connect with each other
Day 3 – Financial Statement Analysis
Learn how to evaluate financial performance.
- Vertical and horizontal analysis methods
- Key financial ratios for business performance
- Profitability and liquidity analysis
- Identifying trends in financial data
- Warning signs in financial statements
- Limits of financial reporting
- Benchmarking and variance analysis
Day 4 – Internal Controls and Auditing
Understand the systems that protect financial information.
- Importance of internal control systems
- Key elements of internal controls
- Role of internal auditors
- Role of external auditors
- Fraud detection and prevention techniques
- Segregation of duties in organizations
- Documentation and audit trails
- Ethics and regulatory compliance
Day 5 – Strategic Use of Financial Information
Learn how financial data supports business decisions.
- Using accounting data for decision making
- Budgeting fundamentals
- Financial forecasting basics
- Cost control strategies
- Break-even analysis
- Strategic financial planning
- Performance management using financial data
- Reporting financial results to stakeholders
