This conference offers an in-depth overview of the accounting and finance world. Part 1 emphasized the internal workings of the finance/control function as it communicates with external and internal constituencies to provide information for decision making under uncertainty. Part 2 emphasizes the capital markets impact on corporate finance, risk, and governance.
No preparation is necessary except to bring an open mind and a budget document or other financial documents of interest.
By combining techniques with analysis, problems, and examples with real case studies, and supporting theories the conference provides delegates with key finance terminology and practice. This conference not only presents the key financial tools generally used but also explains the broader context of how and where they are applied to obtain meaningful answers. It provides a conceptual backdrop both for the financial/economic dimensions of strategic business management and for understanding the nature of financial statements, analyzing data, planning, and controlling.
Specify the exact nature and scope of corporate financial reporting
Integrate risk management and corporate governance
Understand the content of and relationships between financial statements (income statement, balance sheet, and statement of cash flows)
Learn how to communicate and to question financial information effectively
Improve appreciations for the finance/accounting/governance approach
Integrate business plans and strategic intent
Reduce inter-functional territorial battles
Improve the communications between staff and line management
Get higher productivity during the decision-making process
Increase the recognition by the organization of their learning and professional commitment
Financial Analysts
Financial Controllers
Accountants
Treasurers
Corporate Planning
Members of the Operational Management Team
Consultants who provide advice on operations or strategy
Managers who have responsibility for the control of risk
Managers who have responsibility for the divisional performance
Senior Staff members of any Department
What is accounting?
What forms can accounting take
Definition and importance of profit
Decision scenarios explored
Funding business operations
Who is interested in profit?
Cash vs. Accrual accounting
Cash flow forecasting and improvement
Accounting policies are chosen by companies
Accounting standards
Income Statement – Basic Components:
Revenues & the questions
Direct/variable/product costs
Indirect/fixed/period costs
Mixed costs
Non-cash deductions: the what, the why & the how
Depreciation: various methods explored
Amortization: impairment test
Depletion: when & how
The difference between profit and cash
A closer look at costs and expenses
Profit calculations
Summarizing profit statements and extracting the key figures
Balance Sheet:
Assets – current & long term
Liabilities – current & long term
Equity – components
Capital employed - options
Managing the working capital cycle
Cash Flow Statement:
Operating sources/uses
Investing sources/uses
Financing sources/uses
The master budget
The budgeting as a planning tool, a control mechanism, a communications device & value creation
Budgeting Sales to “drive” the correct budget
Operating budget components
Financial budget
Pro Forma Financial Statements
Cash Budgets
Capital budget
Interrelationship of Financial Projections
Dynamics and Growth of the Business System – a model review
Flexible vs. traditional budgets – the pros & cons
Variance analysis as a tool for improvement & communications
Price and volume effects within variance analysis: state of the art
Sustained public relations campaigns can help drive strategic organizational change, build public perceptions and drive reputation with key stakeholders. Well planned and executed campaigns are a cost-effective means of changing perceptions and increasing stakeholder value for an organization.
This powerful program takes a problem-solving approach to the design of PR campaigns. By closely fitting the campaign to core business priorities as well as project objectives campaign design reinforces key messages and organizational strategy. Participants will develop the skills to design, plan, cost, deliver, and evaluate campaigns using the full range of PR media and channels. Case study examples in print and video will be used throughout. Action planning for the workplace to put ideas into action is a strong feature of the program.
The program has been designed to be interactive with several case studies and group exercises. A modular approach will take the delegates through the four stages of Crisis Management - Preparation, Planning, Response, and Recovery. Participative lectures will involve the use of PowerPoint, handout material, work manual with all instructor notes and slides, examples of best practice, and appropriate video/DVD material. The use of flip-charts, syndicate workshops, and reporting back sessions will encourage a fully participative and enjoyable event.
This is a comprehensive career development program intended for those seeking job-related skills in Inspection of Process Industry units for Maintenance, Operational Condition, Corrosion, Safety, Quality Assurance, and Quality Control.
In our modern world, products are developed, launched, upgraded, and re-launched in record times. Agile Product Management is crucial in gaining a competitive advantage and prospering in the fast-moving and ever-changing times. Product managers need to develop interdisciplinary skills that allow them to work effectively and agilely with diverse groups of colleagues, from innovation to product and sales and marketing.