This course was designed to demystify and clarify finance and accounting jargon and concepts in a manner that allows non-financial professionals to comprehend. These interactive face-to-face sessions will provide delegates with an understanding of how their departmental decisions could drive or negatively impact their organisation’s growth. The active involvement of delegates in training room exercises and activities will help to facilitate learning and success in the workplace.
On successful completion of the course, delegates will be able to:
- Discuss role that accounting information plays in decision making;
- Explain the importance of accounting, finance and being able to interpret financial statements;
- Analyse core financial statements;
- Interpret the results of financial statement analyses and its implications for the organisation;
- Identify the nature and purpose of managerial reports;
- Interpret and apply financial management concepts;
- Describe how managers use managerial reports to monitor and control key expenses and revenues and to evaluate performance;
- Explain the importance of financial and non-financial information in the decision-making processes of managers;
- Utilise strategic management tools to assess the business environment.
At a Glance
28th – 29th September 2022
Sagicor Cave Hill School of Business and Management, Wanstead Barbados
- Early Bird USD $1,000 (until 25th July)
- Regular: USD $1,250
Topics To Be Covered
The following topics and concepts will be addressed:
- Understanding the Business Environment
- The Context and Regulatory Environment of Accounting and Reporting
- Understanding the preparation of three key Financial Statements – Statement of Comprehensive income, statement of financial position and statement of cash flows.
- The accounting cycle and internal controls
- Analysing Financial Statements using ratios, common size statements and comparative statement analysis.
- Financial budgeting
- Working capital management
- Accounting information and decision making – operating decisions, marketing decisions and long-term decisions
This course will be assessed as follows:
- Quiz – Delegates will complete a short multiple choice and short answer quiz in session. (20%)
- Case Study – Delegates would be asked to read and review the Abu Dhabi National Hotel case study and conduct PEST and SWOT Analyses and the issues and challenges that arose. (30%)
- Group Assessment – Delegates would be arranged in groups, assigned case studies and asked to take the roll of advisors to a management team. They will be required to use financial ratios and concepts learned to arrive at and present their analysis and recommendations to a panel of facilitators. (40%)
- Participation – In-class discussions. (10%)
Who Should Attend
- Business Analysts
- Company Directors
- Company Directors
- Department Heads within Organisations
- General Managers
- Human Resource Managers
- IT Managers
- Marketing and Sales Managers
- Medical Professionals
- Operations Managers
- Project Managers
- Other professionals who are interested in utilising financial information for better decision making
- The course will be delivered by a knowledgeable and experienced practitioner with relevant certification in the field.
- This course will facilitate the development of decision-making competence in delegates.
- This course will include a full set of materials and learning aids that could be used for reference during and after the course.