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5 - FNB - Finance and Banking

FNB 101 - Finance for Non-Financial Officers

Code Start Date Duration Venue
FNB 101 25 September 2023 5 Days Istanbul Registration Form Link
FNB 101 20 November 2023 5 Days Istanbul Registration Form Link
FNB 101 11 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

This course provides participants with a basic understanding of financial management. It demonstrates how to read and understand key elements of financial statements and reports, such as balance sheets, income statements and cash flow statements. They also learn how to apply basic financial and accounting principles to budget preparation and analysis.

Course Objectives

  • Understanding the goals of financial management
  • Defining key accounting concepts
  • Recognizing the use and characteristics of a balance sheet
  • Recognizing the use and characteristics of an income statement
  • Identifying a cash flow statement and how to use it
  • Identifying the importance and characteristics of an audit and that of its primary documentation
  • Defining double entry bookkeeping concepts in relation to the accounting equation
  • Comparing the functions and contents of a ledger and a journal
  • Identifying the different types of budgets
  • Describing the elements necessary to prepare a basic budget
  • Identifying specific tools for analyzing and benchmarking financial information
  • Discussing the time value of money

Who Should Attend?

  • Human Resources officials
  • Team leaders
  • Project officers
  • Managers
  • Those who aspire to be more financially aware

Course Details/Schedule

Day 1

  • Definition of financial management
  • Goals of financial management
  • Accounting principles and assumptions
  • Definitions of key financial and accounting terms
  • Recording financial events in journals and ledgers

Day 2

  • IFRS/GAAP Principles
  • Balance sheet
  • Income statement
  • Statement of cash flows
  • Notes to financial statements
  • Linkage between financial statements

Day 3

  • The audit, including the management letter and auditor's report
  • Elements of a budget
    • Variable and fixed costs
    • Costing methods
    • Top-down and bottom-up approaches
  • Using a budget for the overall improvement of the company
  • Preparing a budget
  • Reading, understanding, organizing and using departmental budgets

Day 4

  • Using financial information to improve financial and non-financial process
  • Financial Statement Analysis
    • Trend Analysis (Horizontal and Vertical Analysis)
    • Basic financial ratio analysis
  • Time Value of Money (Compounding and Discounting)

Day 5

  • Time value of money ctd. (capital budgeting criteria)
  • Cash flow projection
    • Break-even analysis
  • Case Studies
  • Summary of total process