Advanced Accounting and Finance for Managers Virtual Training

  • Time

    10:00am - 3:00pm

  • End Date

    30 May, 2022 - 01 Jun, 2022

  • Price

    ₦175,000

Event Details

Upon completion of this course, you will be able to:

  • Prepare a set of basic financial statements.
  • Interpret financial accounting information.
  • Interpret profit and cash budgets and identify potential problems.
  • Identify appropriate pricing strategies to fit different market needs.
  • Incorporate financial evaluation into operational decision making and problem solving.

 

CONTENT

Introduction to Accounting

  • The two forms of accounting: financial accounting and management accounting
  • The regulatory and conceptual framework
  • Qualitative characteristics of useful financial information
  • Types of business entity
  • The annual report and financial statements

 

Accounting Concepts and Systems

  • Statement of comprehensive income (income statement)
  • Statement of financial position (balance sheet)
  • Statement of cash flows
  • Preparing a set of financial statements
  • The income statement: the cost of sales working
  • Underlying concepts: measurement rules and fundamental accounting concepts
  • Three further property, plant and equipment issues
  • Recording accounting information

 

Financial Analysis:

  • Financial statement analysis for investment purposes
  • Other users and their needs
  • Horizontal analysis and trend analysis
  • Vertical analysis
  • Ratio analysis
  • Weaknesses and limitations

 

Financial Analysis:

  • The drive for information
  • Stakeholder management
  • Corporate social responsibility reporting
  • Earnings announcements, conference calls, and investor presentations
  • Media relations: press releases and newspaper coverage
  • Social media and internet bulletins

 

Business Planning

  • Business planning and control: the role of budgets
  • The budget-setting process
  • Basic steps of preparing a budget
  • Budgeting in different types of organization
  • Limitations and problems with budgeting                     
  • Improving business planning and budgeting

 

Budgets and Performance Management

  • Responsibility centres
  • The controllability principle
  • Profit-related performance measurement
  • Standard costing and variance analysis
  • Performance management in investment centres
  • Non-financial performance indicators
  • The balanced scorecard
  • Performance measurement in not-for-profit organizations
  • External influences on performance

 

Cash Flow

  • How much cash does a business need?
  • Methods of establishing cash balances
  • Cash forecasting: the cash budget
  • Cash management: strategies for improving cash flow
  • Interpreting and analyzing a cash-flow forecast

 

Pricing Decisions

  • The accountant’s perspective – costing and pricing
  • Absorption costing and full-cost-plus pricing
  • Marginal-cost-plus pricing
  • Activity-based costing (ABC) pricing
  • Life-cycle costing and pricing
  • The economist’s perspective
  • The marketer’s perspective
  • Combining the three perspectives: establishing an appropriate pricing strategy
  • Pricing strategies
  • Target pricing and target costing

 

Investment Decisions

  • Investment appraisal – the basics
  • Traditional evaluation techniques
  • Incorporating real-world complexities into investment appraisal
  • Investment appraisal within the context
  • Taking a broader strategic view

 

Operational Decisions

  • Operational decision making
  • Cost-volume-profit analysis (CVP)
  • Relevant Costing

 

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.

 

DATE:

1ST BATCH: 30th May – 1st June, 2022    

2ND BATCH: 14th – 16th Nov, 2022  

Other Dates

Start Date End Date
14 Nov, 2022 16 Nov, 2022
Start Date End Date
30 May, 2022 01 Jun, 2022

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