Accounting and Finance
Financial awareness is one of the most important aspects of any business. Get world-class insights into finance and accounting best practices to plan costs and budgets, analyze costs, detect frauds and improve profitability. We offer internationally accredited finance training programs like CIFP and CAMS.
CIFP – Certified International Finance Professional
Course Methodology
The Finance for Non-Finance program, also known as Certified International Finance Professional (CIFP) offers a learning experience that is a compilation of regular theory classes and interactive sessions. Learning methods like presentation, team activities, group discussions and case studies are incorporated into the session with the intention to help the participants familiarize themselves with the concept and adapt them in their professional lives.
Course Objective
The Finance for Non-Finance course is designed to help professionals widen their knowledge in financial and accounts management. As you complete the course, you:
- Familiarize yourself with the basic financial statements including the balance sheet, cash flow etc.
- Learn to use financial information to manage and assess your company’s or department’s operations
- Understand how to analyze the financial conditions of your firm
- Accustom with basic skills in financial planning and budgeting
- Develop better decision-making skills in the cost management perspective
- Acquire proficiency in financial markets and cost-controlling
- Learn to analyze the financial strategies of the organization in a better way
- Implement a common financial language within the organization to ease the communication process
- Link organisational profitability to individual actions
Target Audience
All senior-level and mid-senior-level professionals who are required to have financial acumen for their roles in the organization.
Target Competencies
- Key Financial Statements
- Accounting Concepts
- Accounts payable and receivable
- Drafting financial statements
- Corporate taxation understanding
- Ratio Analysis skill
- Inventory and balance sheet
- Budgeting and budgetary control
- Investments & Project Evaluation Methods
- Understanding of working capital management
- Overview of cost management and costing techniques
Basic Accounting Concepts
- The Accounting Process
- Cash Vs. Mercantile Accounting
- Accrual Concept
- Stock Valuation – FIFO Vs. LIFO
- Types of Accounting
- Revenue Recognition
- Cap-ex. vs. Op-ex.
- Understanding of Depreciation/Amortization
- Tangible vs. Intangible vs. Capital W-I-P
- Current vs. Non-current
Introduction to Financial Statements
- Profit & Loss Account including OCI
- Balance Sheet and SOCIE
- Cash Flow Statement
- Notes to Accounts
Financial Statement Analysis
- P&L Statement Analysis
- Balance Sheet Analysis
- Funds Flow Analysis
- Ratio Analysis
- Trend Analysis
- Common Size Analysis
Working Capital Management
- Concept of Working Capital
- Managing Inventory and Trade Receivables
- Managing Trade Payables
- Budgeting and Working Capital Management
Capital Budgeting
- Capital Expenditure Evaluation
- NPV Technique
- IRR Technique
- Pay Back Method
- Risk Analysis
Cost Management and Costing Techniques
- Cost Concepts
- Various Costing Methods
- Breakeven Analysis
- Costing Vs. Budgeting
- Strategic cost management
Revenue Management
- Revenue Recognition and possible revenue leakages
- Revenue Vs. Trade Receivables
- Revenue Vs. Trade Payables
- Revenue Vs. Foreign Exchange Management
Introduction to IFRS
- Introduction to the concept of Accounting Standards
- Generally applicable IFRS
- Discussion on Specific IFRS
ACI, the American Certification Institute is one of the prominent accreditation bodies in the USA providing various international certifications for professionals across industries. The certification body also provides training, testing and certificate issuance to various relevant business-related courses.
Blue Ocean Academy has an exclusive tie-up with ACI to offer the CIFP program in the UAE and other GCC countries. Upon course completion, students receive a Certificate from ACI.
Course Methodology
The Finance for Non-Finance program, also known as Certified International Finance Professional (CIFP) offers a learning experience that is a compilation of regular theory classes and interactive sessions. Learning methods like presentation, team activities, group discussions and case studies are incorporated into the session with the intention to help the participants familiarize themselves with the concept and adapt them in their professional lives.
Course Objective
The Finance for Non-Finance course is designed to help professionals widen their knowledge in financial and accounts management. As you complete the course, you:
- Familiarize yourself with the basic financial statements including the balance sheet, cash flow etc.
- Learn to use financial information to manage and assess your company’s or department’s operations
- Understand how to analyze the financial conditions of your firm
- Accustom with basic skills in financial planning and budgeting
- Develop better decision-making skills in the cost management perspective
- Acquire proficiency in financial markets and cost-controlling
- Learn to analyze the financial strategies of the organization in a better way
- Implement a common financial language within the organization to ease the communication process
- Link organisational profitability to individual actions
Target Audience
All senior-level and mid-senior-level professionals who are required to have financial acumen for their roles in the organization.
Target Competencies
- Key Financial Statements
- Accounting Concepts
- Accounts payable and receivable
- Drafting financial statements
- Corporate taxation understanding
- Ratio Analysis skill
- Inventory and balance sheet
- Budgeting and budgetary control
- Investments & Project Evaluation Methods
- Understanding of working capital management
- Overview of cost management and costing techniques
Basic Accounting Concepts
- The Accounting Process
- Cash Vs. Mercantile Accounting
- Accrual Concept
- Stock Valuation – FIFO Vs. LIFO
- Types of Accounting
- Revenue Recognition
- Cap-ex. vs. Op-ex.
- Understanding of Depreciation/Amortization
- Tangible vs. Intangible vs. Capital W-I-P
- Current vs. Non-current
Introduction to Financial Statements
- Profit & Loss Account including OCI
- Balance Sheet and SOCIE
- Cash Flow Statement
- Notes to Accounts
Financial Statement Analysis
- P&L Statement Analysis
- Balance Sheet Analysis
- Funds Flow Analysis
- Ratio Analysis
- Trend Analysis
- Common Size Analysis
Working Capital Management
- Concept of Working Capital
- Managing Inventory and Trade Receivables
- Managing Trade Payables
- Budgeting and Working Capital Management
Capital Budgeting
- Capital Expenditure Evaluation
- NPV Technique
- IRR Technique
- Pay Back Method
- Risk Analysis
Cost Management and Costing Techniques
- Cost Concepts
- Various Costing Methods
- Breakeven Analysis
- Costing Vs. Budgeting
- Strategic cost management
Revenue Management
- Revenue Recognition and possible revenue leakages
- Revenue Vs. Trade Receivables
- Revenue Vs. Trade Payables
- Revenue Vs. Foreign Exchange Management
Introduction to IFRS
- Introduction to the concept of Accounting Standards
- Generally applicable IFRS
- Discussion on Specific IFRS
ACI, the American Certification Institute is one of the prominent accreditation bodies in the USA providing various international certifications for professionals across industries. The certification body also provides training, testing and certificate issuance to various relevant business-related courses.
Blue Ocean Academy has an exclusive tie-up with ACI to offer the CIFP program in the UAE and other GCC countries. Upon course completion, students receive a Certificate from ACI.