Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Engineers and Technical Specialists
• Project Managers and Team Leaders
• Operations and Plant Managers
• Sales and Business Development Staff
• Administrative and Support Managers

• Expert-led sessions with dynamic visual aids
• Comprehensive course manual to support practical application and reinforcement
• Interactive discussions addressing participants’ real-world projects and challenges
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Explain the role of accounting in business decision-making clearly.
• Differentiate between the three main financial statements accurately.
• Interpret financial statements to assess company performance effectively.
• Analyze basic financial ratios for liquidity and profitability reliably.
• Apply budgeting concepts to manage departmental expenses successfully.
• Understand the principles of cost analysis and break-even calculation correctly.

DAY 1

Accounting Fundamentals

• Welcome and Introduction
• Pre-test
• Defining the purpose of accounting and the accounting equation
• The difference between cash and accrual accounting
• Introduction to debits, credits, and basic transaction recording
• The connection between business operations and financial records
• Key accounting terms and definitions for non-accountants

DAY 2

The Balance Sheet

• Analyzing the structure and components of the Balance Sheet
• Current and non-current assets
• Interpreting current and long-term liabilities
• The significance of equity and retained earnings
• Using the Balance Sheet to assess financial position
• Common Balance Sheet misinterpretations

DAY 3

Income Statement and Cash Flow

• Analyzing the structure and components of the Income Statement (P&L)
• Revenue, cost of goods sold, and gross margin
• Interpreting operating and non-operating expenses
• The purpose and structure of the Statement of Cash Flows
• Identifying cash flow from operations, investing, and financing
• Why "Profit" is not the same as "Cash"

DAY 4

Financial Analysis and Budgeting

• Introduction to financial ratio analysis for non-financial professionals
• Calculating and interpreting profitability and efficiency ratios
• Working capital and short-term liquidity
• Fundamentals of departmental budgeting and expense tracking
• Interpreting budget variances and performance reports
• How to use financial data to drive operational decisions

DAY 5

Cost Management and Review

• Basic concepts of fixed, variable, and mixed costs
• Calculating the contribution margin and break-even point
• Evaluating cost reduction strategies and their financial impact
• Understanding capital expenditures (CAPEX) vs. operating expenditures (OPEX)
• Review of all core concepts and Q&A
• Post-test
• Certificate ceremony