Fundamentals of Finance and Accounting

Fundamentals of Finance and Accounting

 

Date & Location: (22-26/Jan) Istanbul – ( 23-27/July) Kuala Lumpur

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Course Overview

Introduction:

Financial skills and knowledge are vital for all managers in all organisations. A more challenging business and economic climate and an increase in financial delegation are making this even more so.

Many senior professionals miss formal training in finance and often feel uncomfortable when discussing financial matters with their peers and financial professionals. This interactive and engaging seminar addresses these important issues.

Key areas covered in this course include:

  • Reading, interpreting and using financial statements (internal and external)
  • Improving business cases and decision-making
  • Costing and presenting plans and proposals
  • Working more effectively with budgets
  • Delivering improved financial performance, profit & cash flow

Objectives

 

Program Objectives:

  • Read and interpret financial statements
  • Analyse business performance
  • Contribute to cash and working capital management
  • Build budgets and manage costs and budgets
  • Present business cases and utilise financing techniques to improve decision-making

 

Who Should Attend?

  • All Professionals with financial responsibility
  • Financial professionals wishing to brush up their knowledge and skills
  • Junior personnel seeking career progression
  • Senior Executives seeking to refresh their understanding or fill in some gaps in their professional development

 

Program Outline:

DAY 1

The Basics

  • Accounting Terminology and Policies
  • Accounting as an information system
  • The accounting equation- what does it mean
  • Generally Accepted Accounting Principles
  • Differentiating between cash and accrual basis accounting
  • Basic cash flow statements
  • Walking through an Annual Report
  • The annual report package
  • The role of external auditor
  • The accountant’s report and auditor’s opinion

DAY 2

How To Interpret Accounts and Financial Statement Analysis

  • Preparing income statement & balance sheet
  • Financial and liquidity ratios
  • The cash conversion cycle
  • Working capital management
  • Profitability and gearing ratios
  • DuPont Formula
  • Financial & Non-financial analysis
  • Credit analysis
  • Z- Scores and credit ratings
  • Bank lending decisions

DAY 3

Planning for Profit

  • Understanding and working with costs
  • Plan for cost reduction and profit improvement
  • Fixed and variable costs income statement
  • Break-even analysis
  • Contribution margin
  • Costing approaches – Full Absorption, Marginal, ABC
  • Standard Costing
  • New ideas in cost management – lean principles

DAY 4

Budgeting in Today’s Competitive Business

  • The Budgeting Process
  • The role of budgeting
  • Annual budgeting process
  • Identifying and resolving budgeting variances
  • Different budgeting systems in use today
  • Budgeting tips and techniques
  • Variance analysis

DAY 5

Cash Flow & Investment Decisions

  • Capital budgeting
  • Weighted Average Cost of Capital
  • Present Value
  • Internal Rate of Return – method
  • Profitability Index
  • Discounted cash flow