Objective: To understand the basic concepts and importance of accounting and finance.

Content:

• Overview of accounting and finance roles
• Importance for managerial decision-making
• Introduction to financial statements  ( Balance Sheet,Income Statement,Cash Flow Statement )

Objective: To interpret the main financial statements.

Content:

• Balance Sheet

   –    Structure and components (assets, liabilities, equity)

   –    How to read and interpret a balance sheet

• Income Statement:

   –    Structure and components (revenues, expenses, net income)

   –    How to read and interpret an income statement

• Cash Flow Statement:

   –    Importance of cash flows

   –    Structure and components (operating, investing, financing activities)

   –    How to read and interpret a cash flow statement

Objective: To use financial statements for evaluating financial health.

Content:

• Financial ratios and their significance

   –    Liquidity ratios (e.g., current ratio, quick ratio)

   –    Profitability ratios (e.g., net profit margin, return on assets)

   –    Solvency ratios (e.g., debt to equity ratio)

   –    Efficiency ratios (e.g., inventory turnover, receivables turnover)

• Practical examples and exercises

Objective: To understand the process and importance of budgeting and financial planning.

Content:

• Basics of budgeting

   –    Types of budgets (operating budget, capital budget)

   –    Steps in the budgeting process

•  Financial planning

   –    Importance of financial planning

   –    Long-term vs. short-term planning

   –    Scenario analysis and forecasting

Objective: To understand the principles of managing funds and basic investment concepts.

Content:

• Basics of fund management

   –    Sources of funds (internal and external)

   –    Cost of capital

•  Introduction to investments

   –    Types of investments (equities, bonds, real estate)

   –    Risk and return

   –    Diversification and portfolio management

Objective: To understand the specific accounting requirements for notfor-profit organizations.

Content:

•  Characteristics of not-for-profit organizations
•  Differences between for-profit and not-for-profit accounting
•  Key financial statements for not-for-profits

   –    Statement of Financial Position

   –    Statement of Activities

   –    Statement of Cash Flows

• Fund accounting principles
• Reporting requirements and compliance

Objective: To learn the process of reconciling bank statements with accounting records.

Content:

• Importance of bank reconciliation
• Steps in the bank reconciliation process
• Identifying and resolving discrepancies
• Practical exercises and examples

Objective: To understand fundamental tax concepts and their implications for organizations.

Content:

• Introduction to taxation – Purpose and types of taxes (income tax, sales tax, property tax, etc.)
• Tax obligations for individuals and organizations
• Overview of tax reporting and compliance
• Basic concepts in tax planning and management
• Specific considerations for not-for-profit organizations
• Practical examples and case studies

Objective: To understand computerized accounting systems and their importance for organizations.

Content:

• Key features of computerized accounting
• Types of computerized accounting systems
• Key factors in selecting accounting software
• Overview of popular accounting software