Basic Accounting and Finance for Medical Doctors and Allied Healthcare Practitioners

  • Start Date

    19 Oct, 2021

  • End Date

    22 Oct, 2021

  • Price

    ₦185,000

  • WiFi

    Free wifi

Event Details

At end of this workshop, participants will

  • Understand the basic areas of accounting and finance, the terminology and the structure
  • Learn a range of practical analytical skills for interpreting and handling financial information
  • Understand the key mechanics of accounting in the context of a practical working environment
  • Be more confident about dealing with financial information, particularly when reviewing your company or others’ financial data
  • Be able to read and confidently interpret complex information presented in financial reports
  • Enhance decision support skills

 

CONTENT

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

 

 

FOR WHOM:

Relevant Healthcare Practitioners

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

Date:

1ST BATCH               9th – 12th February, 2021                            

2ND BATCH              22nd – 25th June, 2021         

3RD BATCH              19th – 22nd October, 2021

Other Dates

Start Date End Date
09 Feb, 2021 12 Feb, 2021
Start Date End Date
22 Jun, 2021 25 Jun, 2021
Start Date End Date
19 Oct, 2021 22 Oct, 2021
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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