Fundamentals of Finance and Accounting

Introduction

This leading edge Fundamentals of Finance and Accounting training course will meet the needs of the increasing number of delegates who find they need a working knowledge of finance and accounting to effectively participate in the management process. This training course not only provides those new to the world of finance with a sound foundation in the language of business but will also serve as an invaluable refresher and update for others that may have studied finance and accounting as part of their previous training.

Recent years have not only brought far-reaching transformation to financial accounting and corporate reporting but the volatility and pace of change in business competition means that it has never been more critical for those that wish to actively engage in the effective management of their organisations to understand and communicate in financial terms.

This GLOMACS Fundamentals of Finance and Accounting training course will highlight:

• The foundation and principles of modern finance and accounting
• Understanding and interpreting financial statements
• How to analyse corporate reports for deeper financial insights
• Effective financial forecasting methods
• Principles of financial investment decision-making
• Planning and budgeting techniques

Objectives

This training course has been designed to provide you with up to date knowledge and practical skills in the preparation and interpretation of public sector financial statements and budgets.

By the end of this Fundamentals of Finance and Accounting training course you will have learned to:

• Understand the principles and practice of finance and accounting
• Develop your skills in analysing and interpreting financial statements
• Prepare financial forecasts for a range of business applications
• Apply effective techniques to investment decision-making
• Take an informed and active role in budgeting and planning processes

Training Methodology

This Fundamentals of Finance and Accounting training course will be structured as a highly participative training course with formal presentations, case studies and interactive worked examples. Relevant examples and case studies illustrate the application of each of the topics covered and ample opportunities are provided to develop useful and practical business finance skills that can be effectively applied in your work environment.

Organisational Impact

The organisation will benefit from the raised awareness of and practical skills applicable to financial accounting and reporting, delegates will develop and be able to effectively apply business acumen and improve their decision-making skills. Benefits specifically include:

• Raised awareness of business finance principles and practice
• More effective communication with finance and commercial functions
• Ability to effectively analyse and interpret financial reports
• Application of critical analysis to capital investment decisions
• Development of financial forecasting skills
• Effective participation in organisational budgeting processes

Personal Impact

Delegates will benefit from this Fundamentals of Finance and Accounting training course that has been designed to provide them with the essential theory of accounting, financial analysis, forecasting and financial decision-making whilst focusing heavily on building the practical skills to apply these in their own organisations to improve operational effectiveness and decision-making and at the same time greatly enhance their own prospects for career progression by:

• Raising awareness of business finance principles and practice
• Communicating more effectively with finance and commercial colleagues
• Ability to effectively analyse and interpret financial reports
• Applying critical analysis to capital investment decisions
• Developing practical and effective forecasting skills
• Making a meaningful and informed contribution to the budget processes