This training course introduces finance and accounting to those who have no prior knowledge of the business. The delegates will be instructed to establish operational and financial processes. Participants in this training course will gain a better understanding of the necessary finance and accounting terminology. Through practical examples and activities, they will also learn the principles and techniques of accounting systems.
The overall goal of this Finance & Accounting for Office Administrators & Secretaries program is to ensure that those who attend will be able to present their roles in the workplace more productively and efficiently.
This training course is highly interactive; in the first assembly, you will be working on design activities and problem solving. You will be asked to connect the training location to your office and organization.
This training course will employ a variety of training methodologies, such as short performances with opportunities for question and recognition, activities and mini-cases to develop awareness and skills, and group analyses where you can share your ideas and experiences with your fellow participants.
This training course is fitting for a wide range of non-financial employees within the organization.
It is planned for those who subscribe to and practice, all types of financial information within the organization.
The Three Meanings of Finance
How Finance supports the Roles of Office Administrators and Secretaries?
The Two Types of Accounting – financial (external) and management (internal)
The Basic Principles of the Double-entry Financial Accounting System
How to Record Transactions in the Financial Accounting System?
The Contribution made by Office Administrators and Secretaries
Understanding the Income Statement
The Four Levels of Profit, and What They Signify
Understanding the Balance Sheet
Measuring the Consumption of non-current assets by Depreciation, Amortization, and Impairment
What is Inventory, and how is it Valued?
The Cash Flow Statement – Why We Need It, and How it is Prepared
The Annual Reports of Public Companies – format and content
Who are the Company Stakeholders and What are their Information Needs?
Why did we need to analyze these reports in order to understand them?
How to Calculate Accounting Ratios?
How to Use Ratio Analysis to Assess Performance?
Collecting and Analyzing Costs for the Management Accounting Database
Understanding Direct Costs and Indirect Costs
Preparing Cost Structures for our Products and Services
Using Cost Structures to determine our Break-Even Point
Making Cost-Effective Decisions using Cost-Volume-Profit Analysis
Why do we need budgets? – The Link between Corporate Strategy and Operations at All levels of the Organization
The Budget Preparation Process – Timetables, Documentation, and Procedures
Preparing a Departmental Budget
Preparing the Cash Budget
Comparing Actual Performance with the Budget using Variance Analysis
The Essential Role of Office Administrators and Secretaries in Budget Preparation