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Basic Accounting and Finance for Medical Doctors and Allied Healthcare Practitioners

ENDED
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On-Site / Training
Ended last Oct 20, 2023
NGN  200,000.00

Details

Basic Accounting and Finance for Medical Doctors and Allied Healthcare Practitioners
Understanding Different Types of Financial Information

  • The different types of financial information
  • The flow and hierarchy of information in a company regulated and non-regulated information
  • Distinguishing different types of information and what it is derived from
  • Basic accounting terminology explained
  • The significance of different accounting terms
  • Reporting formats and opportunities to enhance their effectiveness

 

Outline

Understanding Different Types of Financial Information
  • The different types of financial information
  • The flow and hierarchy of information in a company regulated and non-regulated information
  • Distinguishing different types of information and what it is derived from
  • Basic accounting terminology explained
  • The significance of different accounting terms
  • Reporting formats and opportunities to enhance their effectiveness
 The Cash Cycle
  • Cash versus profit
  • The flow of money in and out of a company
  • How this is managed and controlled
  • Customers & Suppliers: the collection and payment processes
  • Basic cash flow statements – creating it and using it to interpret performance
 Inventory and Fixed Assets
  • How to establish the value of a companies’ inventory
  • Different methods of valuation
  • How fixed assets are recorded
  • Asset lives and depreciation choices
  • The physical verification of assets
  • Firm value vs book value
  • Ratios to measure asset effectiveness
 Financial Statements
  • Understanding the composition of the income statement (profit & loss account)
  • Computing profitability, liquidity and gearing ratios
  • The statement of Affairs explained
  • Interpreting results and making comparisons between companies
 Costing and Budgeting
  • How we classify costs and set standards
  • Different costing methods used in business
  • Using cost information to determine break-even profitability points
  • Basic forecasting techniques
  • Comparing actual performance against budget- variance analysis

Speaker/s

A distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop.

Special Offer

5% discount for 3-5 participants and 10% discount for 6 and above number of participants from the same organization.
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Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.

We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.

We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.

Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.

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