This Course is Designed For:

 Vice Presidents of Manufacturing and Commercial Businesses;
 Marketing, Engineering and Human Resources Managers;
 Project Managers;
 CEOs who are involved with development of long-term customers, suppliers, outsourcing Partners, and other Global Strategic Alliances;
 Sales and Marketing Executives;
 Supply-Stream Professionals;
 Project Managers;
 Internal Auditors;
 Public Accountants;
 Assets Accountants;
 Attorneys;
 Any Non-Financial Managers who are required to read, interpret, and contribute to business financial reports;
 It May Also Be Beneficial To Consultants and External Accountants who work with managers and executives, in the support of improvements to operational and financial processes.

Duration: 6 Days

By the conclusion of the specified learning and development activities, delegates will be able to:
 Determine the uses and purpose of accounting;
 Identify who are the users of accounting and financial information;
 Identify the different internal and external users;
 Explain some accounting language and terminology;
 Distinguish cash and profit;
 Explain the concept of accruals and monetary concepts;
 Understand the principle of profit and profitability;
 Draft accounting reports and statements;
 Determine the different parts of the balance sheet;
 Know the information contained in the balance sheet pertaining to the company;
 Specify the limitations of the conventional balance sheet;
 Define profit;
 Be familiar with the different components of the profit and loss account;
 Ascertain the information contained in profit and loss account pertaining to the company;
 Establish the links between the profit and loss account and balance sheet;
 Identify the components of cash flow statement;
 Prepare a cash flow statement for their company;
 Determine the importance of is cash flow;
 Be familiar with the structure of the cash flow statement;
 Establish the links between three accounting statements: the cash flow statement, profit and loss account and balance sheet;
 Identify the key elements of published reports and accounts and explain each;
 Differentiate cash from profit as a measure of performance, EBITDA;
 Learn how to predict business failure using the ALTMAN z-score;
 Identify the different sources of financial information;
 Determine the use of non-financial information together with financial information;
 Establish the cost/volume/profit (CVP) relationships;
 Learn how to perform break-even analysis;
 Identify the single and mixed products;
 Ascertain the impact of cost structure changes;
 Determine the limitations of CVP analysis;
 Enumerate the purposes of budgeting;
 Know the budget process, including activity based budgeting;
 Identify the possible uncertainty and risk in budgeting and planning;
 Explain the motivation and the behavioural aspects of budgeting;
 Suggest solutions to some problems in budgeting;
 Define investment;
 Differentiate between investment appraisal criteria and investment decisions;
 Understand the time value of money;
 Define free cash flows and identify the inclusions thereof;
 Explain the concept of capital rationing and control of capital investment projects;
 Utilise the sensitivity analysis in decision-making to overcome risk and uncertainty;
 Learn about organisational and accounting control systems;
 Identify the standard costs of a company;
 Realise the value of standard costing as a management tool;
 Discover how variance analysis helps management understand the present costs and control future costs;
 Determine the benefits of the organisation out of the flexed budgets;
 Enumerate the types of variances and give the reasons for their occurrence;
 Identify the different planning and operational variances;
 Enumerate the sources of finance;
 Define gearing;
 Calculate Weighted Average Cost of Capital (WACC) using the correct formula;
 Determine how cost of debt is measured;
 Ascertain the importance of equity capital;
 Perform risk analysis;
 Be familiar with the outline of strategic management accounting;
 Ascertain the importance of competitor information and strategic positioning towards the success of an organisation;
 Learn how to develop competitive advantage;
 Establish the relationship between strategic accounting systems, and the balanced scorecard; and
 Specify the new role for managers and accountants.

We offer very attractive discount for groups of 3 and more people, from the same organisation, taking the same course. This discount is between ten percent (10%) and thirty three percent (33%), depending on the group size. Even with these discounts, we can also deliver courses for groups in the country of your choice.

Please feel welcome to contact me, at any time. My e-mail addresses are: fria@hrodc.com; and fria.hrodc@outlook.com
My Direct telephone number is +442071935906