By the end of the course, participants will be able to:

• Understand the components and structure of financial statements.
• Analyze financial data to assess performance and identify red flags.
• Evaluate internal control systems for effectiveness and compliance.
• Strengthen financial oversight and governance practices.
• Promote transparency and integrity in financial reporting.

• Finance and accounting professionals
• Internal auditors and compliance officers
• Risk management professionals
• Senior managers and executives
• Board members and governance committee members
• Government and NGO financial oversight personnel

• Interactive Lectures: Core concepts explained with real-world examples
• Case Studies: Analysis of financial statements and control failures
• Workshops: Hands-on exercises in financial review and control design
• Group Discussions: Sharing experiences and best practices
• Simulations: Role-playing oversight and audit scenarios

Day 1:  Introduction

• Conceptual framework of accounting
• Accounting equation
• Double-entry bookkeeping in transaction processing
• Accounting Cycle, i.e., analyzing, recording, classifying, summarizing.
• Analysis and interpretation of financial statements
• Income statement
• Owner equity statement
• Balance sheet
• Cash flow statement
• Case study.

Day 2: Financial statement analysis

• Measuring financial performance
• Horizontal analysis.
• Vertical analysis
• Ratio analysis.
• Interpreting figures from financial statement
• Use of financial statements for short term and long term decisions
• Financial statements and liquidity ratios
• Case study.

Day 3: An introduction to cost terms and purposes

• The use of cost management information
• Creating cost-aware organizations
• understanding accounting
• Management account versus financial accounting
• Cost behaviors in Cost-Volume-Profit scenarios
• Review of some key cost concepts
• Product vs. Period costs
• Direct and Indirect Costs
• Cost behavior: Fixed and Variable Costs
• Problems and Examples

• Day 4: Different Approached to Planning and Budgeting
• The Basic Framework of Budgeting
• Advantages of Budgeting
• Responsibility Accounting
• Choosing a Budget Period
• The Self-Imposed Budget
• Preparing the Master Budget
• Fixed and flexed budget (static and flexible budget)
• Integrate continuous improvement into variance analysis.
• Problems, Case Study and Exercises

Day 5: cost analysis

• Price and volume effects within variance analysis: state of the art
• Responsibility centers: cost, profit, and investment
• Measuring responsibility center performance
• Segment reporting internally and externally
• Cost-Volume-Profit analysis and pricing decisions.
• Breakeven point and managerial decisions.
• Special order decisions.
• Make or buy.
• Case study.

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.

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