Fundamentals Of Finance & Accounting
Course Code: FA19
►Course Objective
- 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
►Target Audience
- 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
►Course 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
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