Financial Accounting Basics for Non-Finance
Professionals
Module 1: Introduction to Financial Accounting
Key financial statements:
Income statement, balance sheet, and cash flow statement
Understanding key financial
terms and concepts
Relationship between
accounting and business decisions
Module 2: Analyzing Financial Statements
Reading and interpreting
financial reports
Key financial ratios for
performance analysis
Identifying trends and
potential risks in financial data
Module 3: Financial Reporting in Organizations
Overview of compliance and
regulatory requirements
Role of financial reporting in
decision-making
Management Accounting Essentials
Module 4: Cost Analysis and Management
Types of costs: Fixed,
variable, and overhead
Cost behavior and break-even
analysis
Activity-based costing (ABC)
Module 5: Budgeting and Forecasting
Preparing and managing budgets
Techniques for accurate
forecasting
Variance analysis and
corrective measures
Module 6: Financial Decision Support
Linking financial data to
strategic decisions
Capital budgeting basics: ROI,
NPV, and IRR
Understanding the time value
of money
Practical Applications and Advanced Concepts
Module 7: Performance Measurement and KPIs
Identifying key performance
indicators (KPIs)
Using balanced scorecards for
performance management
Financial metrics and
organizational goals
Module 8: Financial Risk Management
Identifying and mitigating
financial risks
Basics of financial controls
and internal audits
Case studies on risk
management practices
Module 9: Real-World Applications
Interactive exercises: Budget
creation and cost analysis
Group activity: Interpreting
financial reports for decision-making
Case study: Applying financial
insights to solve business challenges
Interactive Components
Hands-On Labs: Preparing budgets,
analyzing costs, and interpreting financial reports.
Case Studies: Exploring real-world
applications of financial and management accounting.
Group Discussions:
Collaborative analysis of financial scenarios.
Role-Playing Exercises:
Acting as decision-makers based on financial data.
