The training course uses insights right into the primary aspects that are essential to the effective economic administration of companies, including the reliable allowance of resources, within the economic, affordable, and also physical atmosphere. The course will likewise emphasize the importance of good quality business administration and monitoring of economic risks.
The importance of accounting information
The role of the Finance Function
The accounting equation and financial accounting systems
Recording facts and applying judgment
Preparing the Income Statement and Balance Sheet
Accounting principles and accounting standards
Accounting Reports
The format and contents of the Income Statement
The format and contents of the Balance Sheet
The effect of depreciation and impairment on profit
Identifying and valuing inventory
Preparing the Cash flow Statement
The importance of cash flow in a business
Collecting and analyzing costs
The structure of direct and indirect costs
Dealing with overheads – absorption costing or ABC?
Cost-Volume-Profit and break-even analysis
Decision making – make or buy
Decision making – the effect of limiting factors
Communicating the Plan Through Budgeting
Corporate planning and corporate objectives implemented through budgeting
The budgeting process and timescale
Sales budget forecasting techniques
Cascading the budgets across the whole business
Preparing functional budgets and the cash budget
Budgeting principles, methodologies, and applications
Monthly management reporting
Setting and using standards
Identifying and calculating variances
Operating and planning variances – who is responsible?
Measuring responsibility centre performance, ROI, RI, and EVA
Non-financial performance – the Balanced Scorecard
Finance and Financial Information
The meaning and importance of finance in business
The importance of financial information – internal and external
The corporate annual report and the financial statements
Capital employed: long–term assets and working capital
Analysing financial statements for profitability, liquidity, efficiency & financial structure
Investment ratios and market data sources
Sources and types of long term finance
Sources and types of short term finance
Calculating the Cost of Equity – what your shareholders expect
Calculating the Cost of Debt – it depends on your credit rating
The weighted average cost of capital (WACC)
Choosing the best mix of equity and debt
CAPEX - Analysis of Investment Decisions
Growing your business with new investment projects
Preparing spreadsheet forecasts for investment appraisal
Basic appraisal techniques: Accounting Rate of Return (ARR) and Payback
Discounted cash flow appraisal techniques: NPV and IRR
Capital Rationing and the Profitability Index (PI)
Dealing with risk in investment appraisal
Risk and uncertainty in business
How to manage risk – the four Ts
Financing risk and operating risk
Foreign currency risk management
Interest rate risk management
Role of Internal Audit, Audit Committee, and Chief Risk Officer
Corporate Governance
Recognising the needs of stakeholders
The origins and development of corporate governance
Corporate governance codes and regulation
The role of the Board of Directors
International corporate governance and the OECD
Emerging trends in corporate governance
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