• Understanding the goals of financial management
• Defining key accounting concepts
• Recognizing the use and characteristics of a balance sheet
• Recognizing the use and characteristics of an income statement
• Identifying a cash flow statement and how to use it
• Identifying the importance and characteristics of an audit and that of its primary documentation
• Defining double entry bookkeeping concepts in relation to the accounting equation
• Comparing the functions and contents of a ledger and a journal
• Identifying the different types of budgets
• Describing the elements necessary to prepare a basic budget
• Identifying specific tools for analyzing and benchmarking financial information
• Discussing the time value of money

• Managers
• Project officers
• Team leaders
• Human Resources officials
• Those who aspire to be more financially aware

• This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include;
• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

DAY 1

• What is Financial Management?
• Goals of Financial Management
• Definition of Profitability and Viability
• Definitions of Key Accounting Terms

DAY 2

• Generally accepted accounting principles
• The audit, including the management letter and auditor's report
• Elements of a budget
• Using a budget to set goals, evaluate results and improve decision-making effectiveness, communication and coordination
• Preparing a budget
• Break-even analysis
• Reading, understanding, organizing and using departmental budgets

DAY 3

• Balance sheet
• Income statement
• Statement of cash flows
• Notes to financial statements

DAY 4

• Key concepts
• Recording financial events in journals and ledgers
• Using financial information to improve decision making, budget planning, proposals and communication of information

DAY 5

• Summary of total process
• Application of concepts and formulas
• Basic financial ratio analysis
• Time value of money

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.