Finance for Non-Finance Workshop
Proper knowledge of financial procedures and management is necessary for any working professional nowadays. From a project manager to any technical worker they need to know and contribute to the financial system and procedures. Many of us do study finance as part of the regular education, but a refresher workshop on practical issues revitalizes the knowledge.
· Identify different types of costs
· Define the role of finance
· What is accounting and what are main accounts
· How financial statements are prepared
· Difference between profit and cash
· What is important in numbers (of a financial statement)
· Financial Report – a report by numbers
· Analyze financial statements
· Evaluate the financial feasibility of a project
Budget types and how to prepare a budget
· Basics of Accounting
· Common definitions and jargons in accounting
· Accrual versus cash
· Types of Accounts
· Income statement
· Major Accounts
· Assets, Liabilities and Equity
· Balance sheet
· Cash flows
· Profit and its difference with cash
· Costs and expenses
· Direct costs and indirect costs
· Time value of money
· Reading a financial statement
· Interpretation of the financial statement is to reflect business sustainability and profitability
· Basic principles of appraisal
· Budgets
· Types of budgets
This workshop is designed for: board of directors, head of departments, project managers, Supervisors and section heads.