DATA SECURITY ESSENTIALS

Available Dates & Locations

This course is offered exclusively as In-House or Virtual, with no public sessions currently available – please contact us for inquiries.

COURSE OVERVIEW

Data security is a critical component of modern business operations, ensuring the protection of sensitive information against unauthorized access, breaches, and other cyber threats. This course provides participants with a comprehensive understanding of data security principles, best practices, and regulatory requirements. It covers key aspects such as risk management, encryption, access control, network security, and incident response. Participants will gain the knowledge needed to identify potential security vulnerabilities and implement effective measures to safeguard organizational data. This course is designed to empower professionals with the essential skills and tools required to maintain data integrity and confidentiality in various business environments.

COURSE OBJECTIVES

By the end of this course, attendees will be able to:

Identify key data security risks and threats.
Implement effective access control measures.
Apply encryption techniques to protect data.
Monitor network activities for security breaches.
Evaluate compliance with data protection regulations.
Develop incident response plans.
Assess organizational security policies.

TARGET COMPETENCIES

Data protection
Risk management
Access control
Encryption methods
Threat identification
Compliance standards
Network security

This course is intended for professionals responsible for managing or supporting data security within their organizations. Suitable for:

IT Managers, Security Analysts, Compliance Officers, Risk Managers, Network Administrators, System Administrators, Data Protection specialists.

Instructor-led training sessions supported by practical examples, demonstrations, group discussion and real-world business scenarios.

BASIC ACCOUNTING CONCEPTS

Definition and purpose of accounting.
Role of accounting in decision-making.
Key users of accounting information.
Financial Statements Overview.
How Different Business Entities Present Accounting Information.
International Financial Reporting Standards (IFRS) Principles.

FINANCIAL STATEMENT INTERPRETATION

The Statement of Financial Position (Balance Sheet):
- Understanding assets, liabilities, and equity.
- The accounting equation: Assets = Liabilities + Equity.
- The transaction behind the balance sheet.
The Income Statement: Revenue, expenses, and net income.
Profitability measures.
- Gross profit.
- Income from operations.
- Net income.
The transaction that affects income statement.
The Statement of Cash Flows:
- Operating activities.
- Investing activities.
- Financing activities.
Differences between cash flow and net income.
Cash and Cash Equivalent.

ACCOUNTING CYCLE OVERVIEW

Debits and credits.
Recording Transactions: Journal entries.
General ledger.
Pre-adjusting trial balance.
Adjusting journal entries.
Post-adjusting trial balance.
Closing journal entries.
Software tools for bookkeeping (e.g., PeachTree, QuickBooks, Excel).

EFFECTIVE BUDGETING STRATEGIES

Budgeting Basics: Importance of budgeting in business.
Types of budgets.
Operating budgets.
- Sales budget.
- Production budget.
- Purchasing budget.
- Raw materials budget.
- Labor budget.
- Overheads budget.
- Operating expenses budget.
- Selling, general and administrative expenses budget.
Budgeted income statement.
Cash budgets.
Capital Budget.

KEY FINANCIAL RATIOS

Financial Ratios and Analysis.
Liquidity ratios.
Activity ratios.
Profitability ratios.
Efficiency ratios.
Using ratios for decision-making.
Common-size income statements analysis.
- Horizontal analysis.
- Vertical analysis.

CASH FLOW STRATEGIES

Composition of assets.
Working capital management.
- Working capital.
- Net working capital.
Introduction to working capital cycle.
Cash Flow Management.
Understanding cash inflows and outflows.
Identifying cash flow issues.
Strategies for maintaining healthy cash flow.