Business Financial & Accounting Skills

Introduction

This training course covers key effects like cost analysis, continuous cost appointment development, budgeting, management control, and performance evaluation.

A training course encourages participants to understand the cause-and-effect relationship between the business plan and vision, operational objectives, measures, and targets, as well as advanced performance estimation and reporting.

Adequate planning and control necessitate the development of skills that extend far beyond mastery of any single method.

This training course directs on:

• Master the Finance and Accounting jargon to get business methods
• Cost Analysis for Budgeting Goals and Decision Making
• Financial and Operational Standards to support the budgeting manner
• Best Practices to Achieve Organizational Performance
• Link Strategy to Costing and Performance Evaluation

Course Objectives of Business Financial & Accounting Skills

• Understand the Finance and Accounting jargon
• Learn Costing and Budgeting Terminologies used in business
• Determine the full costs of Outputs for the Goods and Services provided
• Master traditional techniques and recent best practices
• Link Finance and Operation for Budgeting Purposes and Strategy Execution
• Learn How to Build a Comprehensive Performance Measurement System

Course Methodology of Business Financial & Accounting Skills

This training course will be delivered in conjunction with workshop principles through regular lectures, case studies, and interactive work examples.

Case studies will be presented to demonstrate the use of each device in an operational environment.

Each training point will be reinforced with effective practices, and difficult mathematical concepts will be reduced and managed in an easy-to-understand visual format with illustrations.

Organizational Impact of Business Financial & Accounting Skills

• Cost and Budgeting knowledge will be magnified
• Higher opportunities to select a budgetary system that works
• Broadened awareness of achievement management methods
• A better approach to link cost and budgeting to planning and performance measurement
• A more rooted understanding of reason and impact relationship for budgeting purposes
• Better knowledge of non-financial hints of budgeting

Personal Impact of Business Financial & Accounting Skills

• Participants will know the costing and budgeting methods most helpful to them
• They will know how to construct a fit and effective budget
• They will acquire to judge the usefulness of costing techniques in accurately calculating and ensuring profitability
• They will reinforce and develop their awareness by linking budgeting to planning and performance measurement
• They will expand their knowledge by linking financial and operational effects