Module 1: Introduction to Financial Statements

• Objectives of Financial Reporting
• Users of Financial Statements
• Basic Financial Statements
• Differentiate between Assets, Liabilities, Expenses, Income and Equity Understanding the Accounting Equation Assets = Liabilities + Equity

Module 2: Analyzing the Balance Sheet

• What is a Balance Sheet
• Explain the uses of a balance sheet.
• Identify the major classifications of the balance sheet.
• Prepare a classified balance sheet using the report and account formats. Analyse the Balance Sheet – Key Highlights & Changes

Module 3: Analyzing the Income Statement

• What is an Income Statement
• Understanding the Basic Elements of Income statement Understanding Depreciation in Accounting
• Prepare an Income statement.
• Explain how to report items in the Income statement.
• Analyse the Income Statement – Key Highlights & Changes

Module 4: Analyzing the Cash Flow Statement

• Indicate the purpose of the statement of cash flows.
• Identify the content of the statement of cash flows.
• Prepare a statement of cash flow
• Understand the usefulness of the statement of cash flows.
• Analyze cash flow by comparing two consecutive balance sheets.

Module 5: Financial Statement Analysis Techniques

• Explain why Financial statements need to be analyzed.
• Evaluate a Company’s balance sheet and income statement by using Vertical analysis and Horizontal analysis.
• Types of Corporate and Financial Ratios
• Calculate financial ratios to assess profitability, liquidity, and solvency.
• Ratios used by Banks and other Lending institutions in Credit analysis

Module 6: Strategic Cost Management

• What is Strategic Cost Management
• Costing and Cost Behaviour
• Costing Systems and Methods
• Cost Volume Profit and Break Even Analysis

Module 7: Financial Analysis of Capital Investments and Strategic Initiatives

• Capital Budgeting Principles
• Time Value of Money
• Methods of Evaluating Capital Investment Projects
• Comparing different projects and their returns

Module 8: Planning, Budgeting, and Controlling

• Understanding why budgets are important.
• Understanding the Budgeting process and its coordination
• Master Budget and components
• Preparing Financial Budgets
• Understanding Variance Analysis
• Steps – Variance Analysis

• Enhance your Financial literacy & Financial vocabulary for business/ work
• Understanding the Basics Principles of accounting and Fundamentals of finance and accounting
• Understand the Structure and Purpose of Financial Statements
• Identify and explain the components of financial statements including the balance sheet, income statement, and cash flow statement.
• Recognize the purpose and significance of each financial statement in assessing a company’s financial position, profitability, and cash flows.
• Analyze and interpret the key elements of a balance sheet, income statement, and cash flow statement.
• Identify and explain the components of financial statements including the balance sheet, income statement, and cash flow statement.
• Recognize the purpose and significance of each financial statement in assessing a company’s financial position, profitability, and cash flows.
• Evaluate a company’s liquidity, capital adequacy, profitability, and cash management practices based on the information provided in financial statements.
• Understand the importance of Strategic Cost Management
• Understand important concepts and techniques used by Finance professionals
• Explain how Investment decisions are made using Investment Appraisal techniques
• Understand to Budgetary Planning and Variance analysis