1.     COURSE OVERVIEW

Financial management is the lifeblood of an organisation. Budgeting and forecasting are essential financial processes used in any business, no matter how large or small. This easy to understand and fun Financial Management, Budgeting and Budgetary Control and Writing of Budgets Training course aims to demystify some of the financial terms and concepts and will define key terms like ROI, EBIT, GAAP, and extrapolation.

Participants will explore the tools, concepts and techniques used by financial analysts. They will be guided through a practical and best practice approach to understanding budgets and financial reports. The end result will be a solid understanding of key finance and budgeting principles so that the participant can hold tangible discussions with relevant stakeholders, assess and create financial documents and develop reports that allow decision making based on financial data.

Besides, Financial Management, Budgeting and Budgetory Control and Writing of Budgets Course will cover most of the International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS).

The course is basically designed for working professionals in accounting field. Anyone interested to equip in latest global accounting standards will find this course helpful.

The course consists of power point presentation of conceptual framework of various IAS and IFRS standards. It includes objective recognition criteria, measurement bases, disclosures etc of all specific IASs and IFRSs.

Besides, the Management Accounting  course will help you to gain understanding of global accounting standards and their practical use in the preparation of financial statements like Statement of Financial Position, Income Statement, other comprehensive income, Statement of Equity etc

Participants develop the ability to collect, analyse, and communicate quantitative and non-quantitative information to assist management in making more effective planning and control decisions. Topics include the changing role of management accounting and basic concepts; product costing and cost accumulation; process costing and hybrid product costing systems; activity-based costing and activity-based management; activity analysis, cost behaviour and cost estimation; cost-volume profit analysis; absorption and variable costing; profit planning and activity-based budgets; standard costing and flexible budgeting; cost management tools; and decision making.

Sound financial management is a crucial aspect of any thriving business, putting professionals with even a fundamental knowledge of the subject at an advantage in both the talent market and entrepreneurial game.

Master the fundamentals of financial management with this financial management course which will empower you with the essential finance skills in a business context.

Use what you learn on this financial management course, such as: budgeting, cash flow, financial statements and cost-cutting to ensure you implement successful business management practices.

2.     COURSE OBJECTIVES

After successfully completing this management accounting course, participants will be able to:

• Apply managerial accounting and its objectives in a way that demonstrates a clear understanding of ethical responsibilities.
• Prepare various costing schedules where an analysis of cost classification, behaviour, and type is completed.
• Apply and analyze different types of activity-based management tools through the preparation of estimates.
• Analyze cost-volume-profit techniques to determine optimal managerial decisions.
• Prepare a master budget and demonstrate an understanding of the relationship between the components.
• Perform cost variance analysis and demonstrate the use of standard costs in flexible budgeting.
• Outline and apply management tools and techniques such as the balanced scorecard, operational performance measures, quality, and environmental cost management.
• Prepare analyses of various special decisions, using relevant costing and benefits.

Besides, at the end of the financial management and Reporting course, you will be able to understand:

• The nature and significance of appraising long-term investments.
• How to use a range of investment appraisal techniques to assess and compare projects.
• The advantages and limitations of each method.
• The nature of a limited company.
• The main external sources of finance available to limited companies, and their characteristics.
• The role of a stock exchange.
• The reporting requirements placed upon the directors of a company.
• The main elements of working capital.
• The purpose of working capital and the nature of the working capital cycle.
• The importance of establishing policies for the control of working capital.
• The factors that have to be taken into account when managing each element of working capital.

3.     TARGET AUDIENCE

• Chief Officers and company directors.
• Managers and executives.
• Those who wish to examine the ways in which financial statements and other financial information may improve the quality of decision making.
• Accounting and financial specialists, professionals and practitioners who wish to develop a greater understanding of the key concepts and applications of IFRS.
• Those aiming for organizational adoption of IFRS to enable greater fluency in their financial reporting and establish a global understanding of their accounting practice in an increasingly internationalized business world.
• Accounting and finance staff of entities that have been mandated to be IFRS compliant.

·        This course provides financial training for anyone (at any level) who needs to understand financial management.

After successfully completing this Budgeting and Budgetory Control course, participants will be able to:

• Understand the differences between budgets & budgeting
• Be able to implement techniques for effective budgeting
• Be able to apply advanced forecasting techniques
• Discover how to make smart purchasing decisions
• Interpret some of the legal aspects of finances

FOR MORE DETAILS AND COURSE OUTLINE PLEASE CONTACT:

PIERRE DUPLIS BRENNER

The Admission Director

AFRICA INSTITUTE FOR CAPACITY DEVELOPMENT (AICD)

HEAD OFFICE:

21 Detroit Plaza |Pretoria Road|Kempton Park|

Gauteng. SOUTH AFRICA

Telephone : +27 733797377

Whatsapp Number : +27733797377

https://aicdtraining.com/

OUR SERVICES:

TRAINING| SHORT COURSES| CONSULTANCY| RESEARCH| RECRUITMENT| MANAGEMENT CONSULTING

For more information https://aicdtraining.com/apply-online/