• Read and interpret financial statements• Analyse business
• 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
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 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 • Du Pont Formula • Financial & Non-financial analysis • Credit analysis • Z- Scores and credit ratings • Bank lending decisions 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 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 Cash Flow & Investment Decisions • Capital budgeting • Weighted Average Cost of Capital • Present Value • Internal Rate of Return – method • Profitability Index • Discounted cash flow
Who Should Attend ?
Financial Accountants Receivables and Payables Team Members Planning and Budgeting Managers