Audit and Foreign Exchange Reserves Management Process

Created by LEC Team
Last updated Mon, 27-Mar-2023
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Individuals will have the possibility to gain from their peers in the context of showing the group their functional risk management frameworks and just how their inner audit function utilizes the structures to assess dangers and controls.

Course Objectives of Audit and also Forex Reserves Management Process


  • Provide participants with an understanding of how to carry out a full-fledged risk-based bookkeeping method.
  • Book management service
  • The level and also adequacy of foreign gets
  • Financial tools used in reserve administration
  • Portfolio management
  • Investment guidelines and strategic benchmarking
  • Market and debt threat control
  • Efficiency measurement


Day 1
Required components of financial statement analysis

  • Role of financial reporting and analysis

  • Core financial statements and the importance of the annual report

  • The important role of notes and supplementary information

  • Objectives of financial statements audit

  • Types of audits

  • The financial statement analysis framework

  • The accounting cycle

  • Financial reporting mechanics

  • Relationship, elements, and classification of financial statements



Day 9
Analytical Tools, Cash vs. Profit and the Cash Forecast

  • The Dupont System of Ratio Analysis and Pyramids of Ratios

  • Segmental Analysis and Value Added Analysis of the Annual Report and Accounts

  • The Fundamental Statistical Tools and Graphical Representations

  • Using Statistical Techniques to Analyse and Forecast Financial Data

  • The Impact of Alternative Asset Valuation Methods on the Balance Sheet and Profitability

  • Cash flow vs. Profit – The Best Measure of Financial Performance

  • Working Capital and the Cash Flow Operating Cycle

  • Direct and Indirect Cash Flow Analysis and the Cash Flow Forecast



Day 8
Cash flow statement forecasting

  • Operating cash flows

  • Free cash flows to the firm

  • Free cash flow to equity



Day 7
Balance sheet forecasting

  • Fixed assets

  • Working capital

  • Retained earnings and dividend policy



Day 6
FINANCIAL FORECASTING TECHNIQUES FOR ANALYSTS Income statement forecasting

  • Revenue

  • Cost of sales

  • Operating expenses



Day 5
Boosting efficiency in your department

  • The 10 must-have Excel tips

  • Working with text files

  • Looking up records from a database

  • Validating data and controlling data input

  • Reconciliations and accounts analysis using pivot tables

  • Creating management reports and dashboards



Day 4
Mechanisms of financial analysis techniques

  • Vertical analysis and strategy: balance sheet and income statement approaches

  • Horizontal, trend analysis and growth

  • Liquidity analysis:

    • Current, quick, and cash ratios, defensive interval, and cash conversion cycle

  • Asset management and activity ratios:

    • Total and fixed assets turnover

  • Solvency analysis:

    • Debt, equity, and times interest earned ratios

  • Profitability analysis:

    • Profit margin, gross margin, return on assets, return on equity

  • Market and valuation:

    • Price-earnings and earnings-per-share ratios

  • DuPont analysis: the three-step and five-step models

  • Limitation of ratio analysis



Day 3
An inside look at financial statements

  • Income statement components

  • The three important components of income statements

  • Revenue and expense recognition

  • Balance sheet components

    • Measurement and classification

    • The five important components of a balance sheet

  • Statement of changes in owners equity

  • Cash flow statement:

    • Operating, investing, and financing activities

    • Direct versus indirect methods in cash flow preparation

    • Reading and interpreting cash flow

    • The cash-rich standard



Day 2
Financial reporting standards

  • Importance of reporting standards in security analysis and valuation

  • The standards-setting bodies

  • International Financial Reporting Standards (IFRS) versus Generally Accepted Accounting Principles (GAAP)



Day 10
Financing the Business, Capital Investment Project and Business Valuation
  • Analysis of the Balance Sheet to Identify Long-term Debt and Equity, and Short-term Financing

  • Capital Cost Models: Cost of Equity using Dividend Growth and Capital Asset Pricing Model (CAPM); Cost of Debt

  • Weighted Average Cost of Capital (WACC)

  • Optimal Capital Structure Models to Minimise WACC

  • Future Values, Present Values, and Discounted Cash Flow (DCF)

  • Using Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR) and Equivalent Annual Cost (EAC) to Analyse and Evaluate Capital Projects

  • The Reasons for Business Valuations

  • Business Valuation Models



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