{"id":1893,"date":"2024-08-23T14:47:11","date_gmt":"2024-08-23T09:47:11","guid":{"rendered":"https:\/\/mdi.com.pk\/training\/?page_id=1893"},"modified":"2025-01-18T10:35:24","modified_gmt":"2025-01-18T05:35:24","slug":"introduction-to-financial-concepts","status":"publish","type":"page","link":"https:\/\/mdi.com.pk\/training\/introduction-to-financial-concepts\/","title":{"rendered":"Introduction to Financial Concepts"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row thb_full_width=&#8221;true&#8221; thb_row_padding=&#8221;true&#8221; thb_column_padding=&#8221;true&#8221; content_placement=&#8221;middle&#8221; thb_scroll_bottom=&#8221;true&#8221; thb_scroll_bottom_style=&#8221;style3&#8243; thb_scroll_bottom_color=&#8221;light&#8221; css=&#8221;.vc_custom_1731318741356{padding-top: 25vh !important;padding-bottom: 25vh !important;background-image: url(https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts.webp?id=1998) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; bg_gradient1=&#8221;rgba(0,0,0,0.4)&#8221; bg_gradient2=&#8221;rgba(0,0,0,0.3)&#8221;][vc_column thb_color=&#8221;thb-light-column&#8221;][vc_row_inner][vc_column_inner offset=&#8221;vc_col-lg-6 vc_col-md-9&#8243;]\t<div id=\"thb-slidetype-69da2c3279434\" class=\"thb-slidetype \" data-style=\"style1\">\n\t\t\n<h1><span class=\"thb-slidetype-entry\"><span class=\"lines\">Introduction to Financial Concepts<\/span><\/span><\/h1>\n\t\t\t<\/div>\n\n\t[vc_empty_space height=&#8221;10px&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_class=&#8221;align-center&#8221; css=&#8221;.vc_custom_1517737245068{padding-top: 15vh !important;padding-bottom: 5vh !important;}&#8221;][vc_column width=&#8221;2\/3&#8243; css=&#8221;.vc_custom_1734584131516{margin-right: 10vh !important;}&#8221;]\t<div id=\"thb-slidetype-69da2c327947f\" class=\"thb-slidetype \" data-style=\"style1\">\n\t\t\n<h2><strong><span class=\"thb-slidetype-entry\"><span class=\"lines\">Program Details<\/span><\/span><\/strong><\/h2>\n\t\t\t<\/div>\n\n\t[vc_empty_space height=&#8221;20px&#8221;][vc_column_text css=&#8221;&#8221; animation=&#8221;animation fade-in&#8221;]This training aims to provide a basic understanding of finance and accounting concepts to non-finance professionals. Financial literacy is essential to enable you to assess the performance of your department, recognize areas of further improvement and make decisions that will boost the profitability of your organization as a whole.<\/p>\n<p>In this training which is delivered as afternoon sessions, you will learn to read financial statements understand costing methods for your product or service and assess the profitability and financial position of your organization.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1720088664931{padding-top: 5vh !important;padding-left: 5vh !important;background-color: #f2f2f2 !important;}&#8221;]\t\t\t<div class=\"portfolio-attributes style3 row\"\n\t\t\t\t\t\t\t\t\t\t\tid=\"thb-attributes-69da2c32794a2\">\n\t\t\t\t\t\t\t<div class=\"small-12 1 columns animation right-to-left-3d\">\n\t\t\t\t\t<div class=\"attribute\">\n\t\t\t\t\t\t<h6>Duration: <\/h6>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>2 days<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"small-12 1 columns animation right-to-left-3d\">\n\t\t\t\t\t<div class=\"attribute\">\n\t\t\t\t\t\t<h6>For Whom: <\/h6>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p>All non-finance executives and small business owners who need basic financial literacy<\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t[vc_btn title=&#8221;Register Here&#8221; color=&#8221;blue&#8221; css=&#8221;&#8221; link=&#8221;url:https%3A%2F%2Fmdi.com.pk%2Ftraining%2Fprogram-registration%3Fsource%3DIntroduction%20to%20Financial%20Concepts|title:Register%20Here&#8221;][\/vc_column][\/vc_row][vc_row el_class=&#8221;align-center&#8221;][vc_column width=&#8221;2\/3&#8243; css=&#8221;.vc_custom_1734584146722{margin-right: 10vh !important;}&#8221;]\t<div id=\"thb-slidetype-69da2c32798a0\" class=\"thb-slidetype \" data-style=\"style1\">\n\t\t\n<h2><span class=\"thb-slidetype-entry\"><span class=\"lines\">Contents<\/span><\/span><\/h2>\n\t\t\t<\/div>\n\n\t[vc_empty_space height=&#8221;20px&#8221;][vc_column_text css=&#8221;&#8221;]\n<ul>\n<li>Basic concepts in finance and accounting<\/li>\n<li>Components and basic structure of financial statements<\/li>\n<li>Basic accounting principles and practice of accounting<\/li>\n<li>Costing methods, cost classification and break-even analysis<\/li>\n<li>Understanding financial ratios and how to calculate<\/li>\n<li>Interpretation of financial statements through ratio analysis<\/li>\n<li>Time value of money<\/li>\n<\/ul>\n[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1719921690113{padding-left: 5vh !important;}&#8221;][\/vc_column][\/vc_row][vc_section css=&#8221;.vc_custom_1720424275811{padding-top: 5vh !important;padding-bottom: 5vh !important;background-color: #f2f2f2 !important;}&#8221;][vc_row][vc_column][vc_empty_space height=&#8221;30px&#8221;]\t<div id=\"thb-slidetype-69da2c32798c0\" class=\"thb-slidetype \" data-style=\"style1\">\n\t\t\n<h3><span class=\"thb-slidetype-entry\"><span class=\"lines\">Related Programs<\/span><\/span><\/h3>\n\t\t\t<\/div>\n\n\t[vc_empty_space height=&#8221;50px&#8221;][\/vc_column][\/vc_row][vc_row el_class=&#8221;align-center&#8221;][vc_column thb_color=&#8221;thb-light-column&#8221; offset=&#8221;vc_col-lg-12 vc_col-md-12&#8243;][vc_row_inner][vc_column_inner thb_color=&#8221;thb-light-column&#8221;]\t\t<section class=\"thb-portfolio masonry row mini-padding thb-portfolio-style-style5 thb-true-aspect-true  mfp-gallery\" data-loadmore=\"#loadmore-12\" data-filter=\"thb-filter-12\" data-layoutmode=\"packery\" data-thb-animation=\"thb-animate-from-bottom\" data-security=\"743ce8d1e0\">\n\t\t<div class=\"columns type-portfolio style5 small-12 medium-6 large-3  portfolio-id-1893-69da2c327a528 post-1893 page type-page status-publish has-post-thumbnail hentry category-accounting-and-finance\" id=\"portfolio-1893\">\n\t<div class=\"portfolio-holder\">\n\t\t<div class=\"thb-portfolio-image\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"380\" src=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts-760x380.webp\" class=\"attachment-revolution-masonry-x2 size-revolution-masonry-x2 wp-post-image\" alt=\"Intro to financial concepts\" srcset=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts-760x380.webp 760w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts-300x150.webp 300w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts-650x325.webp 650w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts-380x190.webp 380w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts-20x9.webp 20w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts-190x95.webp 190w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/>\t\t\t<div class=\"thb-portfolio-hover\"><\/div>\n\t\t<\/div>\n\t\t<a href=\"https:\/\/mdi.com.pk\/training\/introduction-to-financial-concepts\/\" class=\"thb-portfolio-link\"><\/a>\n\t\t<div class=\"thb-portfolio-content\">\n\t\t\t<h6>Introduction to Financial Concepts<\/h6>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<style>\n\t\t.portfolio-id-1893-69da2c327a528.style5 .thb-portfolio-hover {\n\t\t\tbackground:;background:linear-gradient( 0deg,, );\t\t}\n\t<\/style>\n\t<\/div>\n<div class=\"columns type-portfolio style5 small-12 medium-6 large-3  portfolio-id-1890-69da2c327c1fa post-1890 page type-page status-publish has-post-thumbnail hentry category-accounting-and-finance\" id=\"portfolio-1890\">\n\t<div class=\"portfolio-holder\">\n\t\t<div class=\"thb-portfolio-image\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"380\" src=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Budgeting-for-Managers-760x380.webp\" class=\"attachment-revolution-masonry-x2 size-revolution-masonry-x2 wp-post-image\" alt=\"\" srcset=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Budgeting-for-Managers-760x380.webp 760w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Budgeting-for-Managers-300x150.webp 300w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Budgeting-for-Managers-650x325.webp 650w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Budgeting-for-Managers-380x190.webp 380w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Budgeting-for-Managers-20x9.webp 20w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Budgeting-for-Managers-190x95.webp 190w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/>\t\t\t<div class=\"thb-portfolio-hover\"><\/div>\n\t\t<\/div>\n\t\t<a href=\"https:\/\/mdi.com.pk\/training\/budgeting-for-managers\/\" class=\"thb-portfolio-link\"><\/a>\n\t\t<div class=\"thb-portfolio-content\">\n\t\t\t<h6>Budgeting for Managers<\/h6>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<style>\n\t\t.portfolio-id-1890-69da2c327c1fa.style5 .thb-portfolio-hover {\n\t\t\tbackground:;background:linear-gradient( 0deg,, );\t\t}\n\t<\/style>\n\t<\/div>\n<div class=\"columns type-portfolio style5 small-12 medium-6 large-3  portfolio-id-1888-69da2c327c830 post-1888 page type-page status-publish has-post-thumbnail hentry category-accounting-and-finance\" id=\"portfolio-1888\">\n\t<div class=\"portfolio-holder\">\n\t\t<div class=\"thb-portfolio-image\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"380\" src=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Finance-for-Non-Financial-Executives-760x380.webp\" class=\"attachment-revolution-masonry-x2 size-revolution-masonry-x2 wp-post-image\" alt=\"Finance for Non-Financial Executives\" srcset=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Finance-for-Non-Financial-Executives-760x380.webp 760w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Finance-for-Non-Financial-Executives-300x150.webp 300w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Finance-for-Non-Financial-Executives-650x325.webp 650w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Finance-for-Non-Financial-Executives-380x190.webp 380w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Finance-for-Non-Financial-Executives-20x9.webp 20w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Finance-for-Non-Financial-Executives-190x95.webp 190w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/>\t\t\t<div class=\"thb-portfolio-hover\"><\/div>\n\t\t<\/div>\n\t\t<a href=\"https:\/\/mdi.com.pk\/training\/finance-for-non-financial-executives\/\" class=\"thb-portfolio-link\"><\/a>\n\t\t<div class=\"thb-portfolio-content\">\n\t\t\t<h6>Finance for Non-Financial Executives<\/h6>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<style>\n\t\t.portfolio-id-1888-69da2c327c830.style5 .thb-portfolio-hover {\n\t\t\tbackground:;background:linear-gradient( 0deg,, );\t\t}\n\t<\/style>\n\t<\/div>\n<div class=\"columns type-portfolio style5 small-12 medium-6 large-3  portfolio-id-1885-69da2c327ce30 post-1885 page type-page status-publish has-post-thumbnail hentry category-accounting-and-finance category-not-for-profit\" id=\"portfolio-1885\">\n\t<div class=\"portfolio-holder\">\n\t\t<div class=\"thb-portfolio-image\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"380\" src=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Financial-Management-for-NGOs-760x380.webp\" class=\"attachment-revolution-masonry-x2 size-revolution-masonry-x2 wp-post-image\" alt=\"Financial Management for NGOs\" srcset=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Financial-Management-for-NGOs-760x380.webp 760w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Financial-Management-for-NGOs-300x150.webp 300w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Financial-Management-for-NGOs-650x325.webp 650w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Financial-Management-for-NGOs-380x190.webp 380w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Financial-Management-for-NGOs-20x9.webp 20w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Financial-Management-for-NGOs-190x95.webp 190w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/>\t\t\t<div class=\"thb-portfolio-hover\"><\/div>\n\t\t<\/div>\n\t\t<a href=\"https:\/\/mdi.com.pk\/training\/financial-management-for-ngos\/\" class=\"thb-portfolio-link\"><\/a>\n\t\t<div class=\"thb-portfolio-content\">\n\t\t\t<h6>Financial Management for NGOs<\/h6>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<style>\n\t\t.portfolio-id-1885-69da2c327ce30.style5 .thb-portfolio-hover {\n\t\t\tbackground:;background:linear-gradient( 0deg,, );\t\t}\n\t<\/style>\n\t<\/div>\n<div class=\"columns type-portfolio style5 small-12 medium-6 large-3  portfolio-id-1879-69da2c327d41a post-1879 page type-page status-publish has-post-thumbnail hentry category-accounting-and-finance\" id=\"portfolio-1879\">\n\t<div class=\"portfolio-holder\">\n\t\t<div class=\"thb-portfolio-image\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"380\" src=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-for-Non-Accountants4-760x380.webp\" class=\"attachment-revolution-masonry-x2 size-revolution-masonry-x2 wp-post-image\" alt=\"\" srcset=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-for-Non-Accountants4-760x380.webp 760w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-for-Non-Accountants4-300x150.webp 300w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-for-Non-Accountants4-650x325.webp 650w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-for-Non-Accountants4-380x190.webp 380w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-for-Non-Accountants4-20x9.webp 20w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-for-Non-Accountants4-190x95.webp 190w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/>\t\t\t<div class=\"thb-portfolio-hover\"><\/div>\n\t\t<\/div>\n\t\t<a href=\"https:\/\/mdi.com.pk\/training\/accounting-for-non-accountants\/\" class=\"thb-portfolio-link\"><\/a>\n\t\t<div class=\"thb-portfolio-content\">\n\t\t\t<h6>Accounting for Non-Accountants<\/h6>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<style>\n\t\t.portfolio-id-1879-69da2c327d41a.style5 .thb-portfolio-hover {\n\t\t\tbackground:;background:linear-gradient( 0deg,, );\t\t}\n\t<\/style>\n\t<\/div>\n<div class=\"columns type-portfolio style5 small-12 medium-6 large-3  portfolio-id-1875-69da2c327da10 post-1875 page type-page status-publish has-post-thumbnail hentry category-accounting-and-finance\" id=\"portfolio-1875\">\n\t<div class=\"portfolio-holder\">\n\t\t<div class=\"thb-portfolio-image\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"380\" src=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-with-Quickbooks2-760x380.webp\" class=\"attachment-revolution-masonry-x2 size-revolution-masonry-x2 wp-post-image\" alt=\"\" srcset=\"https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-with-Quickbooks2-760x380.webp 760w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-with-Quickbooks2-300x150.webp 300w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-with-Quickbooks2-650x325.webp 650w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-with-Quickbooks2-380x190.webp 380w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-with-Quickbooks2-20x9.webp 20w, https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/10\/Accounting-with-Quickbooks2-190x95.webp 190w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/>\t\t\t<div class=\"thb-portfolio-hover\"><\/div>\n\t\t<\/div>\n\t\t<a href=\"https:\/\/mdi.com.pk\/training\/accounting-with-quickbooks\/\" class=\"thb-portfolio-link\"><\/a>\n\t\t<div class=\"thb-portfolio-content\">\n\t\t\t<h6>Accounting with Quickbooks<\/h6>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<style>\n\t\t.portfolio-id-1875-69da2c327da10.style5 .thb-portfolio-hover {\n\t\t\tbackground:;background:linear-gradient( 0deg,, );\t\t}\n\t<\/style>\n\t<\/div>\n\t<\/section>\n\t\n\t[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][\/vc_section]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row thb_full_width=&#8221;true&#8221; thb_row_padding=&#8221;true&#8221; thb_column_padding=&#8221;true&#8221; content_placement=&#8221;middle&#8221; thb_scroll_bottom=&#8221;true&#8221; thb_scroll_bottom_style=&#8221;style3&#8243; thb_scroll_bottom_color=&#8221;light&#8221; css=&#8221;.vc_custom_1731318741356{padding-top: 25vh !important;padding-bottom: 25vh !important;background-image: url(https:\/\/mdi.com.pk\/training\/wp-content\/uploads\/2024\/11\/Intro-to-financial-concepts.webp?id=1998) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; bg_gradient1=&#8221;rgba(0,0,0,0.4)&#8221; bg_gradient2=&#8221;rgba(0,0,0,0.3)&#8221;][vc_column thb_color=&#8221;thb-light-column&#8221;][vc_row_inner][vc_column_inner offset=&#8221;vc_col-lg-6&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1998,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[98],"tags":[],"class_list":["post-1893","page","type-page","status-publish","has-post-thumbnail","hentry","category-accounting-and-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Introduction to Financial Concepts - MDi Pakistan Training and Consulting<\/title>\n<meta name=\"description\" content=\"Introduction to Financial Concepts training from MDi - aims to provide a basic understanding of finance\/accounting concepts\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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