About this Course

Businesses, like your organisation, exist primarily to generate wealth for stakeholders. Wealth is, more often than not, expressed in financial terms. It is vital that you possess a sufficient level of financial literacy to better understand and perform your role in meeting your organisation's financial objectives, or what we call creating value for your organisation.

Learning Outcomes:

The first part focuses on understanding, analysing and interpreting the Balance Sheet, Income Statement and the Statement of Changes in Equity which are within the domain of Financial Accounting. Relevant concepts, principles and procedures such as Double-entry (debit and credit) Accounting will be explained. This will benefit you not only in understanding the financial statements but also your organisation's financial performance and position. You will also be able to appreciate the financial criteria and yardsticks typically used for performance evaluation.

The second part starts with explaining the Statement of Cash Flows and its related analytical ratios, and the importance and relevance of the Cash Flow Forecast to effective Cash Flow Management. This is followed by sessions on budgeting and budgetary control, and capital budgeting techniques which are essential to decision-making in all organisations within the domain of Management Accounting. This will enable you to engage and communicate more effectively and constructively with your superiors, subordinates and peers, thus elevating your contribution, relevance and potential in your organisation.

Course Outline:

The Financial Statements

• Balance Sheet
  
• Profit and Loss Statement
  
• Statement of Changes in Equity
  
• Accrual vs. Cash Accounting
  
• Effects of Transactions on Financial Statements
  
• End-of-Period (EOP) Adjustments
  

Analysis and Interpretation of Financial Statements

• Financial Ratios
  
• Profitability
  
• Efficiency
  
• Solvency
  
• Weighted Average Cost of Capital
  

Cash Flow Management

• Cash Flow Statement
  
• Sources and Applications of Cash
  
• Cash Flow Statement vs. Income Statement
  
• Why Hold Cash?
  
• How Much Cash to Hold?
  
• Cash Flow Forecast
  

Budgeting and Budgetary Control

• Interdependency of Budgets – Master Budget
  
• Types of Budgets – Uses, Merits and Drawbacks
  
• Comparing Actual Performance with Budget
  
• Variances
  

Capital Budgeting

• Characteristics of Investment Appraisal Projects
  
• Time Value of Money (TVM)
  
• Discounted Cash Flows (DCF)
  
• Capital Budgeting Techniques
  
• Net Present Value (NPV)
  
• Internal Rate of Return (IRR)
  
• Payback Period (PB)
  

Who Will Benefit?

This financial training course will benefit managers, executives, budget holders and mid-career professionals who may not have the relevant financial experience or qualification.

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