Course Overview

Any managerial role requires a solid foundation in financial knowledge and abilities. This training course provides non-financial managers with hands-on practical experience to help them understand the concepts and techniques to help them in key decision-making areas, which in turn boosts the bottom line of the business. Topics covered include understanding financial statements and analysing them, cost impacts and variance analysis, decision-making and budgeting, and budgeting and decision-making processes.

Financial data may provide a clear picture of past events and a solid foundation for projecting the future. As well as showing whether goals and targets have been fulfilled, it can also show whether operations are cost-effective. It can also be used to compare and evaluate performance and profitability.

You will gain the skills necessary to make more effective and knowledgeable business decisions after taking this Zoe training course. from knowing the fundamentals of cash flow to discovering how to provide value at the corporate level. Every significant corporate finance principle is covered in this course.

Course  Objectives

• Utilize financial data to oversee and evaluate the performance of your business or department.
• Control and cut costs (Fixed versus variable costs)
• Manage the working capital as well as the effects of accumulating inventory.
• Utilize a variety of accounting strategies, tools, and processes in your organization by practicing them.
• Decipher the language of the accounts and remove obstacles to comprehension
• Gain Self-Assurance in Budget Preparation and Management Information Reading

 Organisational Benefits

• To effectively communicate with the organization’s finance specialists, use conventional financial terminology.
• Interpret a company’s, division’s, or responsibility center’s financial situation.
• Calculate and comprehend commonly used financial KPIs.
• Apply the product costing, cost-volume-profit analysis, budgeting, and variation analysis management accounting methodologies and procedures.
• understand how business and financial strategy are related.

Personal Benefits

• Recognize the roles that financial management plays in running a business.
• Describe the importance of the accounting decision and how it affects the financial statements.
• To make better decisions, use cost-volume-profit analysis and capital budgeting tools.
• The three important financial statements, the income statement, the statement of financial position, and the cash flow statement, all have different purposes.

Course Outline

Fundamental Accounting Concepts

• The Accounting Methodology
• Accrual Concept Stock Valuation: FIFO vs. LIFO Types of Accounting: Cash vs. Mercantile
• Profit Recognition
• Understanding of Depreciation/Amortization and Cap-ex vs. Op-ex
• Capital versus Intangible vs. Tangible W-I-P
• Comparison of the two extremes

Financial Statements Overview

• Notes to Accounts for the Profit & Loss Account, OCI Balance Sheet, and SOCIE Cash Flow Statement
• Analysis of Financial Statements
• Analysis of the P&L Statement
• Analysis of Balance Sheets
• Funds Process Analysis
• Ratio Evaluation
• Trend Evaluation
• Standard Size Analysis

Manage working capital

• Working capital concept
• Managing trade receivables and inventory
• Trading Payables Management
• Creating a budget and managing working capital

Capital Planning

• NPV Method for Capital Expenditure Evaluation
• IRR Approach
• Payback Approach Risk Assessment

Techniques for Cost Management and Costing

• Price Concepts
• Different Costing Methods
• Breakeven Evaluation
• Costing vs. Strategic Budgeting

Techniques for Cost Management and Costing

• Price Concepts
• Different Costing Methods
• Breakeven Evaluation
• Budgeting vs. costing: strategic cost control

Revenue Control

• Recognizing revenue and potential revenue leaks
• Comparing revenue and trade receivables
• Income versus Trade Payables
• Comparing revenue and currency management

An overview of IFRS

• Overview of the idea of accounting standards
• Discussion of Particular IFRS and Generally Applicable IFRS

 

 

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