Course Details

  • Course Code: VR-BL- MF-5D
  • Mode of Delivery: Virtual
  • Duration: 5 Days
  • Price: On Request

Mastering Finance

Course Overview

The Mastering Finance course equips participants with the all the key skills necessary to run a successful company and become a successful business owner. Participants work hands on to create the accounting documents for a clear understanding and to get practical skills.

This course is intended for participants who wish to enhance accounting skills to optimize performance at any level.

  • Proficient in English language (Equivalent to B1-B2 as per CEFR level)
  • Minimum age-18Y+

Successful candidates will receive a certificate issued by National Training Institute LLC (NTI), attested by the Ministry of Higher Education.

Other Details

Introduction

  • Managing a company in today’s business world
  • The role of finance in the organization
  • The rules of financial reporting
  • Entrepreneurial Finance

Basic Accounting

  • GAAP: Generally Accepted Accounting Principles
  • Accounting Terminology
  • Double-Entry Accounting
  • Balance of Accounts
  • The Accounting Cycle

Financial statements

  • Current assets and long terms assets
  • Current liabilities and long-term liabilities
  • The balance sheets
  • Sales and cost of sales
  • Gross profit
  • Operating expenses
  • Operating income
  • Earnings per share
  • The income statements
  • The profit & loss statement
  • The cash flow statement
  • The cash flow cycle
  • Net profit vs. net cash flow
  • Cash from Operations
  • Running the Business Cash for Investing
  • Building the Business Cash from Financing
  • Capitalizing the Business
  • Using This Report Effectively

Financial Reporting

  • Financial Planning
  • Budgeting
  • Pricing Strategies
  • Fixed vs. Variable Costs
  • Tracking and Performance
  • Break-Even Analysis
  • Pro Forma Financial Statements
  • Evaluating New Ventures

Financing the business

  • Debt vs. equity
  • Venture capitalist
  • Different types of partnerships
  • Creating a feasibility plan

Upon successful completion of this course, the participants will be able to:

  • Explain generally accepted accounting principles
  • Use Accounting Terminology
  • Write Double-Entry records
  • Check Balance of Accounts
  • Describe the Accounting Cycle
  • current assets and long terms assets
  • Differentiate between current liabilities and long-term liabilities
  • Identify the main components of the balance sheets
  • Calculate Gross profit
  • Identify operating expenses
  • Calculate operating income
  • Calculate Earnings per share
  • Analyse the income statements
  • Create a profit & loss statement
  • Manage the finances of business units
Instructor led – Virtual Training