This Finance and Accounting training course is tailored for Office Administrators and Secretaries who seek to gain a foundational understanding of finance and accounting. Designed for those without prior knowledge in this field, the course will empower you to support operational and financial processes effectively. Through practical examples and exercises, you'll become proficient in the essential terminology of finance and accounting systems.

Highlights

• Clear Explanation of Accounting Basics: Understand the core principles of accounting with straightforward examples.
• Confidence in Business Transactions: Develop knowledge in accounting for various business transactions.
• Effective Tools for Analysis: Learn simple tools to analyze business performance and position.
• Management Accounting Principles: Discover how these principles ensure business efficiency and profitability.
• Budgeting for Business Targets: Understand the role of budgets in achieving business objectives.

Objectives

By the end of this course, you will:

• Appreciate Finance Functions: Recognize the importance of the accounting and finance functions.
• Understand Business Transactions: Grasp accounting for routine business transactions.
• Prepare Financial Statements: Be able to prepare simple financial statements.
• Analyze Performance: Use basic ratios to analyze company performance.
• Apply Costing and Budgeting: Be aware of techniques to maintain efficiency and profitability.

Training Methodology

This interactive course involves case exercises and problem-solving from the start. You'll actively link training to your office environment through presentations, exercises, mini-cases, and group discussions, enhancing both knowledge and skills.

Organizational Impact

Employees who attend will:

• Contribute more effectively to workplace discussions.
• Assist managers with enhanced knowledge.
• Understand financial operations within the organization.
• Be motivated to apply new skills to their roles.
• Interpret financial statements and reports confidently.
• Take ownership of financial responsibilities.

Personal Impact

Participants will gain:

• Skills for personal development within the organization.
• Improved working roles and professional skills.
• Awareness of business issues.
• Ability to liaise effectively with managers and departments.
• Improved organizational status through enhanced knowledge.

Who Should Attend?

This course is suitable for a wide range of non-financial employees, including:

• Secretaries
• Office Administrators
• Personal and Executive Assistants
• Administrative Professionals and Support Staff
• Production and Marketing Professionals
• Anyone seeking to increase their financial knowledge

Course Outline

Module 1: Introduction to Finance and Accounting

• Three Meanings of Finance
• Role of Finance for Office Administrators
• Double-entry Financial Accounting System
• Recording Transactions

Module 2: The Financial Statements

• Income Statement and Profit Levels
• Balance Sheet and Asset Valuation
• Cash Flow Statement Preparation

Module 3: Evaluation of Financial Statements

• Annual Reports and Stakeholder Needs
• Accounting Ratios and Performance Assessment

Module 4: Introduction to Management Accounting

• Cost Analysis and Break-even Point
• Cost-Volume-Profit Analysis

Module 5: Budgets

• Link between Corporate Strategy and Operations
• Budget Preparation and Variance Analysis
• Role of Administrators in Budgeting

Certification

Upon successful completion, participants will be awarded the prestigious Uphilos Certificate. This certification signifies your enhanced understanding of finance and accounting, equipping you with the skills to make informed contributions in your role.