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Financial Training in Western Sahara to Boost Business Decision Making
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Western Sahara, a region rich in natural resources, is looking to enhance its business sector with financial training programs. A recent report highlights the importance of compliance training for financial professionals in Western Sahara, emphasizing the need for effective decision making.
The Importance of Financial Information
According to experts, financial information plays a crucial role in enabling business professionals and managers to make informed decisions. By understanding and interpreting financial data, organizations can identify areas of improvement, measure performance, and achieve cost-effectiveness.
A Comprehensive Training Program
A Financial Bootcamp for Non-Financial Professionals training course has been designed to equip participants with the skills and knowledge needed to apply financial techniques effectively. The program will cover topics such as:
- Financial accounting and reporting
- Internal control procedures
- Investment appraisal techniques
- Risk management strategies
Key Objectives of the Training Program
By the end of the training course, participants will be able to:
- Explain the purpose of financial statements and evaluate an organization’s performance
- Apply internal accounting procedures and techniques for decision making
- Identify and manage financial risks in business operations
Target Audience
The training program is designed for non-financial professionals who play a significant role in ensuring the success of their organizations. This includes individuals from:
- Sales and marketing departments
- Logistics and production teams
- Human resources and internal audit departments
- Risk management and engineering teams
Course Structure and Delivery
The training course will be delivered through a combination of lectures, group exercises, and case studies. Delegates will receive comprehensive course notes to ensure they are well-prepared for the program.
Course Content
Day One: The Nature and Purpose of Accounting and Finance
- Why accounting and finance is necessary
- Role and structure of the finance function
- Basic principles of financial accounting
Day Two: Understanding Financial Statements
- Format and structure of income statement and balance sheet
- Importance of cash flow
- Techniques for interpreting financial reports
Day Three: Using Financial Information for Control and Decision-Making
- Analyzing and using financial information
- Cost-volume-profit analysis and break-even analysis
- Preparing budgets
Day Four: Finance and Investment
- Sources and types of long-term finance
- Short-term finance and working capital
- Estimating cost of capital and appraising investment proposals
Day Five: Controlling Financial Risks
- Managing financial risks using the “four Ts”
- Techniques for dealing with foreign currency risk
Certificate and Partnership
Upon completion of the training course, delegates will receive an AZTech Certificate of Completion. The program is in partnership with a leading provider of financial training solutions.