By combining techniques with analysis, problems, and examples with real case studies, and supporting theories the course provides delegates with key finance terminology and practice. This course 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.
The course is targeted at providing a university-quality ‘MBA’ overview of finance/accounting, planning/control, risk management, and corporate governance. Participants are expected to be high-potential learners seeking the next level of learning. Additional bibliographies, readings, and spreadsheets will be provided as takeaways
Specify the exact nature and scope of corporate financial reporting
Identify and criticize specific concepts, rules, and procedures are in place for corporate financial reporting
Understand multiple interpretations of financial statements via IFRS, FAS, SEC, etc
Integrate risk management and corporate governance
Understand the content of and relationships between financial statements (income statement, balance sheet, and statement of cash flows)
Understand how to use financial statements to evaluate the financial performance of an organization
Understand discounted cash flow (DCF) techniques and their application to financial decision making
Understand the budgeting process, including performance evaluation
Understand cost behavior and its impact on management decisions
Learn how to communicate and to question financial information effectively
Financial Controllers
Chief Accountants
Finance or Accounting Managers, Supervisors
Staff accountants
General Ledger Accountants
Professionals in accounting and finance who wish to upgrade their skills
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 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
We all operate in an increasingly complex commercial and professional environment that requires us to negotiate on a daily basis not only with customers, clients, suppliers and contractor, but also with managers, fellow employees and colleagues within our own organisation.
‘Mastering Negotiation Skills’ is a five-day course designed to explain the negotiation process in detail and demonstrate how to use it effectively, giving delegates the negotiation skills and strategies they need to succeed in today’s challenging commercial environment.
The ability to negotiate effectively and manage conflict is one of the most valuable skill sets we can develop within our organization. Not only does developing these skills allow us to negotiate better deals by creating and then claiming value, but it also enables us to manage teams more expertly, interact more constructively with colleagues and manage conflict effectively.
This course provides both a comprehensive strategic analysis of the negotiation process as well as the essential tools for planning and managing every negotiation. Delegates will learn to negotiate excellent outcomes both externally with suppliers, contractors, and customers but also internally within your organization between colleagues, departments, and managers.
One of the major keys to success in the business world is being able to apply “discipline” to your life and actions! This is the key to developing personal effectiveness and professional excellence.
This training course will provide professionals with the knowledge, skills, and attitudes required to manage and lead teams and organizations before, during, and after a crisis or emergency. All leaders are sooner or later confronted with the need to lead and manage their team or organization during a crisis or emergency. The leadership skills and competencies that are required in these demanding circumstances are much more challenging for the leader than normal everyday leadership. This course will also cover the basics of the COVID 19 Virus currently impacting the world. Most of our lives are a combination of work, family, and community involvement. A pandemic can affect all of these areas. Being informed and knowing what to do during a pandemic can help minimize the impact.
This course is designed for IT professionals who are looking to take on the role of Chief Information Security Officer (CISO) in an organization. The course will cover key concepts and skills in information security, including risk management, security governance, incident response, and compliance.
A five-day course on the practical aspects of piping and pipeline design, integrity, maintenance, and repair. The participants will obtain an in-depth understanding of the ASME B31 code rules and API standards, their technical basis, and practical application to field conditions.