Business decisions are not made in a vacuum – decision makers have some objectives in mind. The decisions are made mostly on the basis of data provided by different departments of the organization. All the decisions made in the organization directly or indirectly influence the financial position of the company.Therefore one can understand the importance of accounting and finance in the organization. And this is the reason, finance department play one of the most critical role in almost every firm.The diploma in finance is designed to provide basic knowledge and develop practical skills to the working managers who have no or little background of accounting and finance. The program will ensure that at the end of the course, the participants have a good understanding of modern day finance and accountingThis course teaches how to accurately record accounting and financial transactions and how to analyse their effects; it explains how to manage and prepare accurate, professional final accounts, and how to interpret accounting data to control the enterprise and to manage costs, working capital and profits. It covers how to manage finances and raise new finance. It deals with bookkeeping, cost accounting and budgeting, investment and risk, and teaches how to make effective use of accounting data to make good financial decisions. This Diploma is a “must have” qualification for people looking to advance in this field, and to rise to middle and higher level accounting and finance posts in business, commercial or public service.Financial Accounting refers to information describing the financial resources, obligations, and activities of an economic entity. The term financial position is used to describe an entity’s financial resources and obligations at one point in time, and the term results of operations is used to describe its financial activities during the year.Financial Accounting information is designed primarily to assist investors and creditors in deciding where to place their scarce investment resources. Such decisions are important to society, as they determine which industries and companies and even countries will receive the financial resources necessary for growth, and which will not. Many other decision makers also make use of financial accounting information. A company’s manager and employees constantly need such information in order to run and control business operations.All types of organizations and also individuals develop and use financial accounting information in conducting their daily activities. But the concepts of financial accounting are most highly developed and clearly defined in the business world. Therefore, this course focuses upon financial accounting information relating to profit-oriented business organizations.
The objective of this course is to introduce problems of financial accounting such as measuring and reporting issues related to assets and liabilities and preparing the financial statements. Students are expected to gain the ability of using accounting information as a tool in applying solutions for managerial problems, evaluating the financial performance, and interpreting the financial structure.
The diploma in finance is designed to provide basic knowledge and develop practical skills to the working managers who have no or little background of accounting and finance. The program will ensure that at the end of the course, the participants have a good understanding of modern day finance and accounting
International College of Technical Education.
Head Office :
Office # 27, Second Floor, Maryam Shadi Hall Plaza
(Airies Plaza), Shamsabad, Murree Road,
Rawalpindi, Pakistan 46000.
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