Accounting and financial processes are essential pillars that contribute to the success of any organization, whether large or small. With the evolution of the business environment and modern technologies, it has become necessary for everyone in any organization to have a basic understanding of financial and accounting concepts. The "Modern Accounting and Financial Operations for Non-Accountants" course aims to equip participants with fundamental knowledge about accounting and financial processes and how to practically apply them in the workplace.

This course is specifically designed for non-accountants, providing them with the understanding of accounting tools and processes that can directly impact their financial and managerial decisions, helping them improve their efficiency in handling financial matters in general.

Who Should Attend?

• Managers and non-accountants in managerial positions who wish to understand financial processes.
• Employees in non-financial departments such as HR, marketing, production, and sales who deal with financial processes indirectly.
• Individuals aiming to develop their financial skills and enhance their efficiency in handling accounting matters.
• Small and medium-sized businesses looking to train their staff on accounting and financial basics to improve overall performance.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand the basic principles of accounting, such as financial statements, basic accounting terminology, and their relationship with financial management.
• Learn the latest technologies and financial systems used by large companies to simplify the management of financial and accounting operations.
• Gain the necessary tools to understand and analyze financial data, helping them make informed and effective decisions in their daily business activities.
• Learn how to read and analyze financial statements such as the balance sheet, income statement, and cash flow statement.
• Understand how to prepare simple budgets and make financial estimates to determine future business trends.

Introduction to Accounting and Finance

• Definition of Accounting and Finance

  • The difference between accounting and finance.
  • The importance of accounting in companies and organizations.
  • Basic concepts in financial accounting.

• Importance of Financial Statements

  • The main financial statements: balance sheet, income statement, and cash flow statement.
  • How to read financial statements.
  • How to use financial statements in decision-making.

• Financial Accounting for Beginners

  • Basic concepts such as assets, liabilities, and equity.
  • The fundamentals of profit and loss.
  • The different types of accounts: revenues, expenses, assets, and liabilities.

Double-Entry Accounting

• Concept of Double-Entry

  • Definition of double-entry and its importance.
  • The relationship between debits and credits.
  • How to record transactions using double-entry accounting.

• Recording Daily Financial Transactions

  • How to record financial transactions in the journal.
  • Practical examples of daily accounting entries.
  • How to prepare simple journal entries.

• Preparing Closing Accounts

  • How to close accounts at the end of the period.
  • Preparing financial reports summarizing accounting activities for the period.
  • Analyzing financial results through closing accounts.

Advanced Financial Statements

• Balance Sheet

  • How to prepare a balance sheet.
  • Interpreting and analyzing the balance sheet.
  • The difference between current and fixed assets.

• Income Statement

  • How to prepare an income statement and calculate revenues and expenses.
  • The difference between gross and net profit.
  • Analyzing the income statement for decision-making purposes.

• Cash Flow Statement

  • The importance of cash flows in business.
  • How to prepare a cash flow statement.
  • The difference between operating, investing, and financing cash flows.

Financial Analysis

• Basic Financial Ratios

  • Profitability ratios, return on assets, and return on equity.
  • Using financial ratios to evaluate company performance.
  • How to use ratios to compare companies.

• Cash Flow Analysis

  • How to analyze operating cash flows.
  • The impact of cash flows on financial sustainability.
  • Reading and analyzing cash flow data.

• Preparing Periodic Financial Reports

  • How to prepare weekly and monthly financial reports.
  • Using financial reports for strategic decision-making.
  • Techniques for presenting financial reports to investors and senior management.

Modern Accounting Systems and Technology

• Modern Accounting Systems

  • Accounting software systems such as QuickBooks, SAP.
  • How accounting systems improve financial work efficiency.
  • Differences between traditional and modern accounting systems.

• Information Technology in Accounting

  • The role of information technology in facilitating accounting processes.
  • How to leverage software for financial reporting.
  • Modern technologies like AI and data analytics in accounting.

• Automation and Digitalization in Accounting Operations

  • The impact of automation on improving the accuracy and efficiency of financial operations.
  • Integrating automation into daily business activities.
  • Challenges of implementing automation in organizations.

Budgeting and Financial Forecasting

• Concept of Budgeting

  • How to prepare an effective business budget.
  • The difference between operating and capital budgets.
  • Financial planning and forecasting revenues and expenses.

• Preparing Revenue and Expense Estimates

  • How to estimate monthly and quarterly revenues.
  • Techniques for estimating operating expenses.
  • Analyzing variances between actual and planned budgets.

• Financial Analysis of Budgets

  • Comparing actual data to the budget.
  • Using financial analysis to adjust budgets.
  • Decision-making techniques based on analysis results.

Cash and Finance Management

• Cash Management Fundamentals

  • The importance of cash management in business.
  • How to calculate the cash conversion cycle.
  • Techniques for effective cash management.

• Managing Working Capital

  • How to manage current assets and current liabilities.
  • Improving the working capital cycle.
  • The importance of balancing revenues and expenses in working capital.

• Internal and External Financing

  • Financing sources: loans, equity, self-financing.
  • Choosing the most suitable financing source based on financial needs.
  • Understanding loan terms and project financing strategies.

Financial Control and Auditing

• Financial Control Systems

  • How to establish financial control systems within an organization.
  • The importance of internal control in protecting assets.
  • Techniques for reducing financial risks.

• Internal and External Auditing

  • The difference between internal and external audits.
  • The role of audits in ensuring the integrity of financial accounts.
  • Preparing for a financial audit.

• Preparing Audit Reports

  • How to prepare financial audit reports.
  • Analyzing audit findings.
  • The impact of auditing on improving financial processes.

Tax Management and Government Reporting

• Business Tax Concepts

  • Understanding taxes that affect businesses.
  • Types of taxes: income taxes, sales taxes, asset taxes.
  • Strategies for reducing tax liabilities.

• Preparing Tax Reports

  • How to prepare accurate tax reports.
  • The importance of maintaining proper tax records.
  • Compliance with tax regulations.

• Interacting with Government Authorities

  • How to deal with tax authorities.
  • Filing tax returns on time.
  • Strategies to avoid financial violations.