INTRODUCTION FOR FINANCE AND COST ANALYSIS FOR PROFESSIONAL
In today’s changing business conditions, there is a need for all functional or business owners and decision makers to understand and appreciate the fundamentals of financial analysis in their respective areas or business units. The crux of financial analysis lies with its purpose, which is focus short-term liquidity or its long-term planning. Financial statements analysis provides a picture of the company’s financial condition.
By acquiring this skill, this will enable them to better understand and analyses finance and costs to stay ahead with competition. This programme will equip professionals to read and understand various financial analysis reports and to learn financial management methods (basic accounting) but also strategies necessary to decide how to accomplish corporate financial goals.
Who should attend: Professionals in accounting and finance fields who seek to upskill finance and costs analysis to advise key decision makers for crucial business decision.
COURSE OBJECTIVES
On completion of the programme, participants will be able to:-
- Identify key financial concerns via variance analysis report for current’s company’s situation.
- Understand various cost and management accounting methods that can speed up decision making for key business decisions and reduce costs.
- Know how to analyse and evaluate key financial statement via financial ratios and relevant indicators in view to contribute towards improving organisation’s performance.
- Perform KPI analysis for tracking operational performance.
- Understand and apply solid cash management strategy.
COURSE CONTENT
Principles of Corporate Planning and Control
- Building financial knowledge through key financial terminologies
- Understand principles of strategy planning and control.
- Practical understanding of practical finance and accounting concepts like is going concern which indicator of business solvency.
Financial Statements and Reports
- Understanding financial statements
- Types of financial statements: Profit & Loss, Cash Flow, Balance Sheet & its importance and usefulness
Ratio Analysis – Case study
Evaluation business performance and viability through:
- Margin analysis
- Return of Investment (ROI), Gearing (leverage) & liquidity ratios
Cash Management and Cash Analysis
- Understanding concept of free cash flow and interpreting cash flow statement
Cost and management accounting methods for decision making.
- Absorption costing method of reporting
- Marginal costing of reporting
- Perform cost driver analysis and propose cost reduction
- Cost benefit analysis
- Activity based costing
Working Capital Management
- Obtain key financial management tips to ensure financial liquidity.
Capital Budgeting
- Calculate and Understand Cost of Capital
- Understanding common investment appraisal method i.e Net Present Value, Internal Rate of Return
Financial Decisions and Risk.
