Understanding and interpreting financial information are essential for all levels of personnel, both within and outside the finance function, if they are to properly contribute to the success of the business.
At the end of this conference the participants will be able to:
Understand the basic areas of accounting and finance, the terminology and the structure
Learn a range of practical analytical skills for interpreting and handling financial information
Understand the key mechanics of accounting in the context of a practical working environment
Be more confident about dealing with financial information, particularly when reviewing your company or others’ financial data
Be able to read and confidently interpret complex information presented in financial reports
Enhance decision support skills
Anyone who needs to acquire a broader understanding of finance to improve their current role or plan their future career
Financial staff who need to expand their knowledge beyond their current experience, particularly if they are considering taking up professional qualifications or broaden their mandates
Non-financial personnel who use financial information in their job and are called on to make financial decisions
Particularly useful for staff working in a smaller company where they are required to take on financial responsibilities alongside an operational role
The different types of financial information
The flow and hierarchy of information in a company regulated and non-regulated information
Distinguishing different types of information and what it is derived from
Basic accounting terminology explained
The significance of different accounting terms
Reporting formats and opportunities to enhance their effectiveness
Cash vs. profit
The flow of money in and out of a company
How this is managed and controlled
Customers & Suppliers: the collection and payment processes
Basic cash flow statements – creating it and using it to interpret performance
How to establish the value of a companies’ inventory
Different methods of valuation
How fixed assets are recorded
Asset lives and depreciation choices
The physical verification of assets
Firm value vs book value
Ratios to measure asset effectiveness
Understanding the composition of the income statement (P&L account)
Computing profitability, liquidity, and gearing ratios
The Balance Sheet explained
Interpreting results and making comparisons between companies
How we classify costs and set standards
Different costing methods used in business
Using cost information to determine break-even profitability points
Basic forecasting techniques
Comparing actual performance against the budget- variance analysis
The world is packed with information; and most organizations struggle to recognize what information they have, why they need it, how long they need it for, and if it has any value. Furthermore, changes in the law, such as the recent changes in the UAE employment law, often call for tighter controls on contract documentation, and lead to a need for enhanced management of human resource and contract records. In addition, electronic information is under threat from cyber-attack and personal information is at risk of exposure. As such, the development and implementation of a records management program that includes document control methods to identify, secure, and protect critical information, is necessary for every organization.
The world is packed with information; and most organizations struggle to recognize what information they have, why they need it, how long they need it for, and if it has any value. Furthermore, changes in the law, such as the recent changes in the UAE employment law, often call for tighter controls on contract documentation, and lead to a need for enhanced management of human resource and contract records. In addition, electronic information is under threat from cyber-attack and personal information is at risk of exposure. As such, the development and implementation of a records management program that includes document control methods to identify, secure, and protect critical information, is necessary for every organization.
Organizations typically start using electronic document management systems to transform paper-based operations after reaching an internal tipping point in which customer response times become too slow, departments don’t have enough bandwidth to solve recurring process bottlenecks, paper archiving becomes too costly or large-scale regulatory risks are exposed during a data breach or compliance fines.
For organizations that have defined but resource-intensive business processes, EDMS is an ideal fit. Document management helps organizations across industries sidestep this busy work entirely by eliminating manual document maintenance, reclaiming valuable staff time, and boosting the bottom-line.
It is universally recognized that for any company to succeed it must take a proactive approach to risk management. Over the last few years, Companies and several countries legislators have been focusing on Process Safety as a method to reduce the risks posed by hazardous industries. Process Hazard Analysis (PHA) is recognized as being a critical tool in the implementation of a successful risk management system
The level of competition in current business environments requires a focus on practices that assist in the management of personal and workgroup tasks, priorities, and projects. All types of organizations need to find more productive means to offer their products and/or services, so goals are established and tasks assigned to better meet customer and stakeholder needs. A focus on the use of productive practices allows for effective and efficient management of project work, establishing priorities and meeting deadlines, and is an important part of customer service.
Through training as a lead disaster recovery manager, you can gain the knowledge and skills required to assist a company in creating, administering, and executing a disaster recovery plan. You will learn about business continuity management's best practices for disaster recovery processes and ICT disaster recovery services throughout this training course.