The Effective Accounts Assistant

Ref	FI 360	FI 580
Dates	18 - 22 July 2010	7 - 11 November 2010
Venue	Dubai	Dubai
Fees	US$ 3850	US$ 3850
CPE Credits	30	30

INTRODUCTION

Understanding and interpreting financial information is essential for all levels of personnel, both within and outside the finance function, if they are to properly contribute to the success of the business. In this programme you will learn:

The full scope of financial information and reporting supported by a foundation of the important aspects of theory together with practical methods and techniques

WHO SHOULD ATTEND?

Anyone who needs to acquire a broader understanding of finance to improve their current role or plan their future career
Financial staff who need to expand their knowledge beyond their current experience, particularly if they are considering taking up professional qualifications
Non-financial personnel who use financial information in their job and are called on to make financial decisions
This programme will be particularly useful for staff working in a smaller company where they are required to take on financial responsibilities alongside an operational role

PROGRAMME OBJECTIVES

Understand the basic areas of accounting and finance, the terminology and the structure
Learn a range of practical analytical skills for interpreting and handling financial information
Understand the key elements of accounting in the context of a practical working environment
Be more confident about dealing with financial information, particularly when reviewing other companies’ financial data
Be able to read and interpret information presented in financial reports
Enhance their decision-making skills on financial matters

TRAINING METHODOLOGY

You will learn by active participation during the programme through the use of exercises, case studies, questionnaires, syndicate and group discussion, and discussions on "real life" issues in their organisations.

PROGRAMME SUMMARY

The programme provides a comprehensive introduction to the general nature of the business finance and seeks to de-mystify the accounting process. You are introduced to a complex topic in a clear and understandable manner, and understand the importance of the finance and financial objectives to the success of the organisation.

PROGRAMME OUTLINE

DAY 1 - Understanding different types of Financial Information

Who uses financial information and why?
The flow of information in a company
Distinguishing different types of information and what it is derived from
Basic accounting terminology explained
Reporting formats

DAY 2 - The Cash Cycle

Cash versus profit
The flow of money in and out of a company
How this is managed and controlled
Customers & Suppliers: The collection and payment processes
Where finance comes from
Basic cash flow statements

DAY 3 - Inventory and Fixed Assets

How we establish the value of a companies’ inventory
Different methods of valuation
How fixed assets are recorded
Asset lives and depreciation
The physical verification of assets

DAY 4 - Financial Statements

Understanding the composition of the Profit and Loss Account
Computing profitability ratios
The Balance Sheet explained
Using financial ratios
Interpreting results and making comparisons between companies

DAY 5 - Costing and Budgeting

How we classify costs and set standards
Different costing methods used in business
Basic forecasting techniques
Preparing a departmental budget
Comparing actual performance with the budget

To Register on this seminar, please click here