Strategic Financial and Accounting Skills

This training provides an understanding of the essential fundamentals of corporate finance, strategy, financial management, budgeting and costing.

At the end of this seminar delegates will be able to:

• Use and evaluate the various techniques of capital investment appraisal
• Develop appropriate financial strategies
• Relate financial strategy to business strategy
• Effectively manage cash and working capital to reduce costs and improve cash flow
• Link finance and operation for budgeting purposes and strategy execution
• Understand and manage an efficient costing system
• Learn how to build a comprehensive performance measurement system

CONTENT

Financial Strategy and Corporate Behaviour

• Corporate Objectives and Financial Strategy
• Financial Statements – Analysis and interpretation
• Risk and Company Financing
• Cost of Equity and Debt Capital
• Corporate Governance
• Financial Statements and regulation

Financial Strategy and Stages of Corporate Development

• Strategic Development – Analytical Techniques
• The Business Life Cycle
• Capital Structure and Weighted Average Cost of Capital
• Dividend Policy
• Cash & Working Capital
• Working capital ratios

Costs & Value Management

• Cost and Value
• Cost Analysis and control
• Strategic approaches to cost reduction and cost management
• Cost Structure and breakeven
• New theories and practice in cost analysis. control and management
• Value management
• Value based pricing
• Financial strategy and integrated cost / value analysis

Budgeting, Planning and Business Strategy

• Strategy models
• Business Strategy related to financial strategy
• Planning and budgeting models
• Linking budgets to business and financial strategy
• Delegating budgets effectively
• Beyond Budgeting

Capital Investment Decisions

• Discounted Cash Flow
• Evaluating Capital Investment Projects
• Comparison of Alternative Methods of Investment Appraisal
• Capital Budgeting

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.