Financial Reports for Non-Financial Professionals (FRNP)
قراءة وتفسير البيانات المالية لغير الماليين
This course is designed to introduce finance for non-financial Professionals by using financial statements of a local Palestinian companies. Select reports to be used as training material will include various industries and diverse operations to have a hands-on experience for reviewing and analyzing data.
- To Learn about the procurement cycle
- To be able to manage simple bid processes professionally and ensure that the best solution is selected.
Project assistants/managers, executives and other interested professionals in the finance and accounting practices.
- CLICK HERE for date of next course
- Type: Classroom and/or online
- Duration: 20 Hours
- Language: English and Arabic
Objectives:
Upon completion of this program, the trainee will be able to:
- Understand the fundamental principles of accounting & finance to increase your planning, costing, and budgeting skills in the CEO role.
- Understand the financial terminology and basic concepts
- Handle dealings with the finance department at the organization
- Apply and evaluate financial information in a simulated case setting
- Increase the ability to participate in financial decision making
- Comply with donor reporting requirements and special financial models.
Topics:
Introducing Accounting and Financial Statements
• What Is Accounting?
• Who Uses Accounting Information?
• Double-Entry Accounting (General Journal, General Ledger, Adjusting Journal Entries, and Closing Journal Entries)
• Financial Statements and related disclosures.
• How Different Business Entities Present Accounting Information
• Explain why financial statements are important and how they provide valuable insights into a company’s financial performance and position.
• Illustrate how financial statements can be used to support decision-making in areas such as budgeting, investment analysis, pricing strategies, and resource allocation.
International Financial Reporting Standard (IFRS)
• Understand related IFRS to the business industry.
• Understand applicable accounting policies.
The Balance Sheet and Its Components
• Understanding the Balance Sheet
• The Accounting Equation
• The Components of the Balance Sheet
• The Transactions behind the Balance Sheet
• Break down a local Palestinian company’s balance sheet to understand its assets, liabilities, and equity. Discuss the significance of each item and how they reflect the company’s financial position.
The Income Statement
• Understanding the Income Statement
• The Income Statement Illustrated
• Transactions That Effect the Income Statement
• Discuss the structure of an income statement, focusing on revenue, expenses, and net income, and how it reflects a company’s profitability over a period.
Understand and Using a Statement of Cash Flows
• What is a Statement of Cash Flows?
• Cash and Cash Equivalents
• The Statement of Cash Flows Illustrated
• Explain the purpose of a cash flow statement in tracking cash inflows and outflows from operating, investing, and financing activities, and its importance for assessing liquidity.
Understand the Financial Statements related Disclosures
• What are Disclosures?:
• Purpose of Disclosures
• Key Disclosures in Financial Statements
• Significant Accounting Policies
• Accounting Estimates and Judgments
Financial Ratios:
Introduce basic financial ratios such as liquidity ratios, profitability ratios, and solvency ratios, and how they are calculated and interpreted to evaluate a company’s financial performance.
Budgeting for Your Business
• What Is a Budget?
• Provide an overview of the budgeting process, from setting objectives and gathering information to preparing, reviewing, and finalizing the budget.
• Explain the key components of a budget, including revenues, expenses, capital expenditures, and cash flows, and how they are incorporated into the budgeting process.
• The Cash Budget
Audits and Auditors
• What Is an Audit?
• Why Audits Are Useful to You
• Types of Audits
• Types of Financial Audit Opinions
• The roles and responsibilities of auditors, audit committees, and management in the audit process.
Prerequisites
N/A
