Understanding and Analysing Financial Statements
ACCOUNTING & FINANCIAL MANAGEMENT PROGRAMS
UNDERSTANDING AND ANALYSING FINANCIAL STATEMENTS
| Duration | 3 Days |
| Course Style & Assessments | Highly Participative with 70% practical application and 30% theory coverage and Participants’ Practical tasks assessed through Presentations |
| Benefits | Practical skills and knowledge, stimulating, meals and refreshments, presentations, materials, certificate of attendance and Free two-months support service. |
SPECIAL SERVICES FOR OUR INTERNATIONAL DELEGATES In addition to the above listed benefits, the NIT Corporate Training and Events Management team will provide the following to our international delegates:
- Facilitation for entry Visas where required
- Transport from and to the International Airport on arrival and when going back
- Accommodation reservations
- Transport for shopping where needed
- Transport, accommodation and meals to tour one of our Namibia’s beautiful Destinations (Coastal Towns -Swakopmund and Walvis Bay OR Etosha National Park
- A Notepad/Tablet.
UNDERSTANDING AND ANALYSING FINANCIAL STATEMENTS
Introduction
In today’s business world, understanding the finance and accounting knowledge is no longer an option for Management and Executives. Indeed, organisation will be able to perform better and achieve superior results if all staff in the organisation is able to apply relevant finance and accounting tools in their jobs and functions.
There is a growing trend to work in multi-disciplinary teams where knowledge of the core Finance, Accounting and Cost Concepts is necessary to achieve a common level of understanding and communication in relation to shared objectives and corporate drivers.
Those who need to make presentations to Board of Committees will benefit from knowing some of the key financial concepts in order that they can present their ideas with a high level of financial authority. The course is designed to discuss the main features of the financial statements prepared by a business enterprise.
All the National Institute of Technology (NIT) training programmes have been developed by the industry experts to suit the needs of the industry and are aligned with the fundamental National Developmental Plans Goals of Namibia and those of all other SADC member countries thus effectively contributing towards the national and SADC regional economical, industrial and prosperity developments.
Our course programs and delivery styles are very stimulating with practical based contents. They provide modern hands-on relevant skills and knowledge that empower all participants at all levels of every organization to practically apply the gained skills and knowledge in their respective duties without difficulties hence being productive, respected and valued by every employer and colleagues. Participants are assessed through group and/or individual tasks which involve presentations.
NIT provides 2 months Free Support service to all the participants to support them in implementing or using the skills and knowledge gained from any of our course programs.
UNDERSTANDING AND ANALYSING FINANCIAL STATEMENTS
Upon completion of this workshop, participants will be able to;
- Understand the meaning and fundamental structure of the financial statements
- Learn the inter-relationship of the items in the statements
- Learn to apply the key management ratios to evaluate the strengths and weaknesses of the business operations
- Know how to apply various analytical techniques to examine the performance of the business operation
UNDERSTANDING AND ANALYSING FINANCIAL STATEMENTS
Who Should Attend
Managers and Executives who do not work in accounting but who need to know how basic accounting work and apply accounting related techniques when making business decisions.
UNDERSTANDING AND ANALYSING FINANCIAL STATEMENTS
1.0 What You Want to Know about the Financial Statements?
- Nature and Role of Accounting
- Desirable Qualities of a Financial Report
- Accounting as an Information System
- Financial and Management Accounting Compared
- Fundamental Accounting Assumptions
- Accounting Policies
- Objectives of Financial Statements. User Groups and their Areas of Interest
2.0 Balance Sheet
- Source and Use of Funds Approach
- Vertical Format Presentation
- Current Assets
- Fixed Assets
- Liabilities
- Shareholders’ Funds
- Capital Employed
- Net Worth
- Working Capital
- Long and Short Balance Sheet Analysis.
3.0 Profit and Loss Account
- Timing Adjustments
- Distribution or Appropriation of Profits
- Cash Flow Statement
4.0 Cash Flow Statement
- Operating Cash Cycle
- Relationship Between Depreciation and Cash Flow
- Non-Operating Cash Outflows and Inflows
5.0 Interpretation of Auditors’ Reports
- Objectives and Scope of Audit
- Reasonable Assurance
- True and Fair View
- Auditors Opinion
- Unqualified
- Emphasis of Matters
- Qualified
- Disclaimer
- Adverse Opinion
6.0 Analysing Performance of an Enterprise – Part 1
- Liquidity Ratios
- Importance of Liquidity
- Application, Case Study and Interpretation Techniques
- Profitability Ratios
- Importance of Profitability
- Meaning of Return on Investment (ROI)
- Drivers of Margin on Sales
- Drivers of Sales to Total Assets
- Operating Profit Model
- Application, Case Study and Interpretation Techniques
- Solvency Ratios
- Importance of Solvency
- Application, Case Study and Interpretation Techniques
7.0 Analysing Performance of an Enterprise – Part 2
- Asset Management Ratios
- Importance of Asset Management
- Application, Case Study and Interpretation Techniques
- Stock Market Ratios
- Application, Case Study and Interpretation Techniques
- Competitor Analysis
- Approaches and Techniques of Conducting Competitor or Industrial Analysis
METHODOLOGIES
Presentation, interactive discussion, individual exercises, case studies and group activities. Published corporate information and recent corporate development both local and overseas will be used to provide “real-life” examples. Note: Each participant needs to bring calculator for this course. Participants may bring financial statements and annual reports of corporations to the workshop for discussion and analysis.
UNDERSTANDING AND ANALYSING FINANCIAL STATEMENTS
How to Register for this Training
To register, please complete the attached registration form and e-mail or fax it back with proof of payment to: The Conference Organizing Committee; contact Person: Mr. Frederick Chizu Simpungwe at:
- E-mail:info@nit-edu.org
- Fax No.: +264 886559294 & Cell: +264 81 3294977
We also have Conference Sponsorship and Exhibition Opportunities. If your organization is interested to sponsor or exhibit at this important conference, please contact the CEO’s office on ceo@ctpd-namibia.com
Please find attached herewith a registration form with rates and the conference draft program. If you need any further information, please feel free to contact the undersigned.