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₱ 11,800.00
Finance for Decision Making: A Course for Non-accountants to Understand the Accounting Cycle and Financial Reports
Why join the workshop?
This program will equip the participants in appreciating accounting as the language of business. It is customized for novice corporate employees who lack accounting background but whose work requires an understanding of how business transactions are captured in accounting records and transformed into financial statements. The program covers the whole accounting cycle from transaction analysis to financial statement preparation.
Objectives:
At the end of the program, participants will be able to:
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Explain the nature and importance of accounting as the language of business;
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Describe the current financial accounting frameworks and the regulatory environment of financial reporting;
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Differentiate the types of transactions of a business organization and illustrate how they are recorded in the books of accounts;
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Identify the different documents, forms, records, and reports that are used in accounting to be able to capture the business transactions and convert them into meaningful reports;
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Explain the steps or processes in the accounting cycle and illustrate how they are accomplished;
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Illustrate the structure and contents of the basic financial statements; and
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Analyze financial performance of a business using the information contained in the financial statements primarily for business decision-making.
Who Should Attend:
The workshop is ideal for professionals who are new in the finance industry. Non-finance executives or those in other business functions (e.g. sales, marketing, operations, business development, HR, etc) who wish to understand and integrate finance to their strategies are highly encouraged to attend.
Outline:
The highly-interactive and hands-on workshop will cover the following topics:
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Business data (transactions, supporting documents, and books of accounts)
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Common transaction processes in the business
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Types of financial data
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Financial reporting frameworks in the Philippines
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Transaction analysis and journal entries, posting journal entries and trial balance, adjusting entries, and closing entries
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Preparation of financial statements
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Understanding the balance sheet and statement of income
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Importance of owners’ or shareholders’ equity and cash flow statement
*Program fee is PHP 11,800 + VAT
Course Schedule:
Dec 3 - 3, 2019