An Intensive 5-day Training Course
The Effective Accounts Assistant
Essential Techniques for Efficient Financial Support & Accuracy
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 Effective Accounts Assistant training course, 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
TRAINING 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 mechanics of accounting in the context of a practical working environment
- Be more confident about dealing with financial information, particularly when reviewing your company or others’ financial data
- Be able to read and confidently interpret complex information presented in financial reports
- Enhance decision support skills
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 or broaden their mandates
- Non-financial personnel who use financial information in their job and are called on to make financial decisions
- Particularly useful for staff working in a smaller company where they are required to take on financial responsibilities alongside an operational role
TRAINING METHODOLOGY
You will learn by active participation during the training course through the use of exercises, case studies, questionnaires, syndicate and group discussion, and discussions on “real life” issues in their organisations.
TRAINING SUMMARY
This EuroMaTech training course provides a comprehensive introduction to the general nature of the business, and seeks to de-mystify how accounting can help you in your role. A complex topic is broken down in a clear and understandable manner, and you leave with a working knowledge of how accounting can help you and your organisation succeed.
TRAINING OUTLINE
Day 1 : Understanding Different Types of Financial Information
- The different types of financial information
- The flow and hierarchy of information in a company regulated and non-regulated information
- Distinguishing different types of information and what it is derived from
- Basic accounting terminology explained
- The significance of different accounting terms
- Reporting formats and opportunities to enhance their effectiveness
Day 2 : The Cash Cycle
- Cash vs. profit
- The flow of money in and out of a company
- How this is managed and controlled
- Customers & Suppliers: the collection and payment processes
- Basic cash flow statements – creating it and using it to interpret performance
Day 3 : Inventory and Fixed Assets
- How to establish the value of a companies’ inventory
- Different methods of valuation
- How fixed assets are recorded
- Asset lives and depreciation choices
- The physical verification of assets
- Firm value vs book value
- Ratios to measure asset effectiveness
Day 4 : Financial Statements
- Understanding the composition of the income statement (P&L account)
- Computing profitability, liquidity and gearing ratios
- The Balance Sheet explained
- 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
- Using cost information to determine break-even profitability points
- Basic forecasting techniques
- Comparing actual performance against budget- variance analysis
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at [email protected]
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us [email protected]
