Dubai, UAE | +971 4 888 6787

About the Course

Name: Accounting & Financial Decision Making

Sectors: Accounting & Banking & Finance

Date Days Venue Fees
22 - 26 Apr 2020 5 Dubai, UAE $3,000 BOOK NOW

ABOUT THIS COURSE

In order for a manager to effectively perform their role they must have an understanding of accounting information, as accounting systems generate information that is used by both internal and external stakeholders.


 Having a good understanding of accounting allows managers to communicate with the finance department, bankers, suppliers and even tax authorities. 


Successfully completing this course will transform you into a manager who is confident while discussing and handling accounting and financial matters in the workplace, and help you as you move forward in your managerial career and take on senior roles.


Outline

WEEK 1: MECHANICS OFFINANCIAL ACCOUNTING

Introduction to financial accounting; Generally Accepted Accounting Principles; fundamental accounting equation; recording of financial transactions and preparation of accounting statements through accounting equation.

WEEK 2: READING FINANCIAL STATEMENTS

Reading and understanding balance sheet, income statement and cash flow statement; Familiarizing all accounting terms that normally appear in financial statements.

WEEK 3:FINANCIAL STATEMENT ANALYSIS

Ratio analysis; Understanding relationship between four profitability drivers; Assessing financial health through credit scoring model.

WEEK 4: PRODUCT COSTING

Preparation of Cost Sheet in manufacturing and service industry; Job and process costing; Activity-based costing.

WEEK 5: COST ANALYSIS FOR DECISION MAKING

Behaviour of costs; Break-even analysis; Relevant costing approach for different decision making scenarios.

WEEK 6: BUDGETING AND VARIANCE ANALYSIS

Preparation of operational and financial budgets; Comparing actual performance against budgets; Price and quantity variance; Controllable and non-controllable variance; Revenue and contribution variances.

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