This 2-day course is designed for managers and executives with little or no knowledge of accounting and finance. Its aim is to introduce the accounting concepts and help participants to make sense of financial statements in a simple way.

This will be an interactive programme engaging participants to learn the basics of accounting and the importance of financial statements. Besides being able to read financial statements, participants will be introduced to financial analysis, cash flow management and investment decision making such as payout period, Net Present Value and Internal Rate of Returns.

After the workshop, you will be able to:
- learn the basics of accounting
- interpret the financial statements
- monitor business cash flow to ensure healthy cash position
- analyse using financial ratios
- make use of investment decision making tools for project evaluation

What you will learn
Introduction to the importance of financial statements
- Areas of interest for stakeholders

Basic accounting concepts and principles
- Entities
- Process flow of accounting
- Characteristic of good financial statements
- Accounting concepts
- Accounting standards and guidelines

Explanation of accounting terms used in the financial statements
- Components of financial statements

What are Income Statement, Balance Sheet and Cash flow statements?
- How to read Income statements?
- What is a Balance sheet?
- Cash flow statement - What do all the terms mean?

Uses and limitations of financial statements

Interpretation of Financial Statements using Ratios Analysis
- Profitability ratios
- Liquidity ratios
- Efficiency ratios
- Financial structure

Understanding time value of money
- Time cost of money
- Compound interest and future values

Evaluation of projects using various tools
- Payback Period
- Net Present Value
- Internal Rate of Returns

Who Should Attend?
This course is intended for senior executives, newly promoted managers and non-financial managers who need to understand, interpret and evaluate financial statements and other finance related documents.

This course is conducted using simple explanations and illustrations from real life examples to help participants understand and relate to their own working experiences. A number of financial statements of listed companies will be used to put into practice what was learnt in the course. Some quizzes and games will be used to make learning fun and interesting.