GOIC holds a basic financial analysis workshop for SMEs in April 2016
11 April 2016
The Gulf Organization for Industrial Consulting (GOIC) offers a series of training workshops in 2016 to develop the skills of the industrial sector staff and help them keep up with recent developments and updates in this vital sector. In this regard, GOIC is organising a training workshop entitled “Basic Financial Analysis for SMEs” at its headquarters in Doha, Qatar from the 24th till the 26th of April 2016.
This workshop targets owners of SMEs that are currently operational or still under construction, investors seeking to establish SMEs, investment managers at different SMEs and parties in charge of financing SMEs at financing banks.
The training aims at introducing necessary financial analysis tools generally used to analyse financial data provided by periodic accounts or reports of institutions and companies.
These financial analyses allow owners of SMEs to understand key relationships between various cost elements on the one hand, and between these elements and income and sources of funding on the other. In fact, the good understanding of these relationships and their mutual influence is at the basis of sound and timely decision-making.
The training workshop includes several topics such as differences between megaprojects and SMEs from a financial perspective, objectives of financial analysis, financial analysis applications for existing and future projects, various key cost sections and the importance of their classification, the components, structure and sources to finance investment projects and the effect of the source of financing on the project results and decision-making process. Furthermore, the workshop will shed light on working capital estimation and its importance to the production cycle, main components of annual production costs and the importance of their classification, components of final accounts and their analysis methods, analysis of production costs and income using percentages, calculation of key financial indicators for future projects, investment and financing decisions and the increase of efficiency and operations and their relationship with financial indicators.
The training is delivered by Mr. Mustapha Al-Mahdi Nasser, expert in financial analysis for industrial projects at GOIC. Mr. Nasser has a cumulative expertise of more than 30 years in the field of financial analysis of projects, investment assessment, the set-up of companies and their restructuring.
GOIC offers a number of training workshops to concerned parties according to their specific needs in various fields through the Organization’s Training and Capacity Development Program (TCD). The objective is to increase individual and organisational skills in the industrial sector of GCC countries and Yemen. You can register online www.goic.org.qa
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