Finance and Accounting

Training Course: Accounting for Non-Accountants


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FI1965

5 - 9 Jan 2025

Dubai (UAE)

Cost : 4150 € Euro

Introduction:

Welcome to the Accounting for Non-Accountants Training Program! This program is designed to provide participants with a comprehensive understanding of basic accounting principles and concepts. Whether you're a business owner, manager, or professional from a non-accounting background, this training program will equip you with the knowledge and skills necessary to navigate financial statements, interpret financial data, and make informed financial decisions. By the end of this program, you will gain confidence in discussing financial matters and communicating effectively with accountants and financial professionals.

Objectives:

By the end of this training program, participants will:

  • Understand the fundamentals of accounting, including key terms, concepts, and principles.

  • Interpret and analyze financial statements, such as the balance sheet, income statement, and cash flow statement.

  • Apply basic accounting techniques, such as journal entries and ledger maintenance.

  • Learn how to identify and track financial transactions accurately.

  • Gain the skills to evaluate the financial health and performance of an organization.

  • Enhance their ability to communicate and collaborate effectively with accounting and finance teams.

Target Audience:

This training program is ideal for:

  • Managers and Supervisors: Non-accounting professionals responsible for budgeting, financial planning, and decision-making.

  • Small Business Owners and Entrepreneurs: Individuals who want to understand and manage their financial records effectively.

  • Professionals in Non-Financial Roles: Individuals from marketing, operations, human resources, or other departments who need to comprehend financial information.

  • Project Managers: Professionals seeking to understand the financial implications and impacts of their projects.

  • Start-up Founders: Entrepreneurs looking to develop a solid foundation in accounting principles for their business ventures.

  • Anyone interested in gaining a practical understanding of accounting principles and financial statements.

Outlines:

Day 1:

Introduction to Accounting for Non-Accountants 

  • Overview of accounting and its importance in business

  • Key accounting principles and concepts

  • Understanding financial statements: balance sheet, income statement, and cash flow statement

  • Analyzing and interpreting financial statements

  • Practical exercises and case studies to reinforce learning

Day 2:

Recording Financial Transactions 

  • The accounting cycle and its components

  • Types of accounts and their classification

  • Double-entry bookkeeping and debits/credits

  • General ledger and chart of accounts

  • Recording transactions through journal entries and posting to the general ledger

  • Trial balance and adjusting entries

  • Hands-on exercises and examples to practice recording transactions

Day 3:

Financial Statement Analysis

  • Ratio analysis and its significance

  • Liquidity, profitability, and solvency ratios

  • Vertical and horizontal analysis of financial statements

  • Interpreting financial ratios and trends

  • Case studies and exercises to analyze financial statements

Day 4:

Cost Accounting and Budgeting 

  • Introduction to cost accounting and its relevance

  • Cost classifications: direct costs, indirect costs, fixed costs, variable costs

  • Cost behavior and cost-volume-profit analysis

  • Break-even analysis and decision-making

  • Introduction to budgeting and its process

  • Preparing budgets: operating budget, capital budget, cash budget

  • Exercises and examples for cost accounting and budgeting

Day 5:

Communication and Collaboration with Accountants

  • Effective communication with accounting professionals
  • Understanding financial jargon and terminology

  • Asking the right questions to gather financial information

  • Interpreting financial reports and seeking clarifications

  • Collaborating with accounting and finance teams

  • Sharing financial information with non-financial colleagues

  • Role-playing exercises and group discussions for effective communication and collaboration

Finance and Accounting

Training Course: Accounting for Non-Accountants


Register Now
Quick Inquiry
Discount Group Download Brochure (38)

FI1965

5 - 9 Jan 2025

Dubai (UAE) -

Cost: 4150 € Euro


  About Dubai

Dubai, located on the Persian Gulf, is one of the seven United Arab Emirates and one of the most popular tourist destinations in the world. The discovery of oil in the region has made Dubai extremely wealthy, allowing it to build the glittering skyscrapers that it is now famous for. That wealth is strongly in evidence in Dubai and visitors will see luxurious buildings and supercars aplenty. Perfect beaches and endless shopping opportunities are to key to Dubai's attractions. Flights to Dubai open up the city's cultural attractions to tourists, with beautiful mosques, museums and art galleries scattered throughout this ultra-modern metropolis.


  Things to do and places to visit in Dubai

Dubai's wealth has made it famous for building ever taller buildings and creating artificial islands off its shores. The city's hotels are luxurious and shoppers will love its extensive shopping malls which showcase all the world's top brands. Dubai's attractions don't end there. Dubai also caters to adventure lovers, who can jump in a 4x4 or on a board to speed over dunes outside the city. Local culture mustn't be forgotten either, and visitors have wonderful mosques to visit and old districts to explore. All that combined means that a flight to Dubai is sure to lead to an unforgettable holiday.

When visiting Dubai, be sure to:

  • Go to the observation deck of the Burj Khalifa, the tallest building in the world.
  • Admire the intricately beautiful Grand Mosque, which has the tallest minaret in the city.
  • Understand the local history and culture with a visit to the Dubai Museum.
  • Discover objects from the 6th century at Jumeirah Archaeological Site.
  • Go skiing – That's not a joke, the Mall of the Emirates houses a snowdome.
  • Go shopping at the Mall of the Emirates or the Dubai Mall.
  • Explore the desert surrounding the city – either by 4x4 or atop a camel.
  • Eat fantastic seafood at Dubai Marina.
  • Cool off at the Wild Wadi Waterpark.
  • Marvel at gorgeous Arabic calligraphy at Jumeirah Mosque, the biggest in the city.
  • Take a yacht tour around the artificial islands of Palm Jumeirah.
  • Haggle for souvenirs in one of the city's souks.
  • Wander around the traditional building in Bastakiya District.
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