General Goal: • Introducing participants to the concept of financial performance. • Introducing participants to the basics of financial accounting. • Introducing participants to primary financial statements. • Introducing participants to financial reporting and International Financial Reporting Standards. • Reading and interpreting financial statements through financial analysis of primary financial statements.

Target Groups: • Non-financial managers and department heads who wish to expand or deepen their understanding of accounting concepts and methods. • Non-financial managers and department heads and other individuals who use financial information in decision-making or report on their performance to senior management. • Beginner accountants and financial analysts.

Outline: • Introduction to financial performance (concept, factors affecting it, evaluation, internal control, cost reduction)
• Introduction to accounting and financial reporting, their international standards, and their importance to users of financial statements.
• Review of the double-entry bookkeeping system and the accounting cycle, including the preparation of inventory adjustments and the preparation of the trial balance.
• Main financial statements (concept, objectives, types, classification, and how to read them when considering investment).
• Financial analysis (concept, importance, objectives, preparation steps, and types).
• How to calculate and interpret financial ratios.
• Financial analysis for management decision-making purposes.
• Cost classification for break-even analysis purposes (variable costs, fixed costs, break-even analysis, and safety analysis).