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 allowdecision 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 financial management, budgeting and budgetary control  course, participants will be able to:

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

• Prepare analyses of various special decisions, using relevant costing and

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

• The nature and significance of appraising long-term
• How to use a range of investment appraisal techniques to assess and compare
• The advantages and limitations of each
• The nature of a limited
• The main external sources of finance available to limited companies, and their
• The role of a stock
• The reporting requirements placed upon the directors of a
• The main elements of working
• 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

3.  TARGET AUDIENCE

• Chief Officers and company
• Managers and
• Those who wish to examine the ways in which financial statements and other financial information may improve the quality of decision
• Accounting and financial specialists, professionals and practitioners who wish to develop a greater understanding of the key concepts and applications of
• 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
• Accounting and finance staff of entities that have been mandated to be IFRS
• This course provides financial training for anyone (at any level) who needs to understand financial

4.  COURSE OUTLINE

1. FINANCIAL REPORTING

1. Conceptual Framework

• The International Accounting Standards Board (IASB)
• The purpose of a conceptual framework
• Qualitative characteristics of useful financial information
• Going concern assumption
• Definition, recognition and measurement of the elements of financial statements
• Concepts of capital
• Future developments

1. Elements: Part 1

• Owners’ equity:share capital and reserves
• Fair value measurement
• Revenue from contracts with customers
• Provisions, contingent liabilities and contingent assets
• Income taxes
• Financial instruments
• Share-based payment

1. Elements: Part 2

• Inventories
• Employee benefits
• Property, plant and equipment
• Leases
• Intangible assets
• Business combinations
• Impairment of assets

1. Presentation and Disclosures

• Financial statement and presentation
• Statement of cash flow
• Operating segments
• Other keynotes disclosures

1. Economic Entities

• Consolidation: controlled entities
• Consolidation:wholly owned subsidiaries
• Consolidation: intragroup transactions
• Consolidation: non-controlling interest
• Translation of the financial statements of foreign entities

B.        MANAGEMENT ACCOUNTING

1. The Changing Role of Managerial Accounting
2. Job-Order Versus Process Cost Accounting
3. Activity Based Costing (ABC)

1. Incremental Analysis & Alternative Inventory Costing Methods
2. Pricing and Budgetary Planning
3. Budgetary Control and Responsibility Accounting, & Standard Costs and Balanced Scorecard

C.        FINANCIAL MANAGEMENT

1. Investment Appraisal Techniques

• Accounting rate of return
• Payback period
• Net present value
• Discounting to present value
• Internal rate of return

1. Sources of Company Finance

• The nature of limited companies
• Share capital
• The stock exchange
• Venture capital
• Loan and capital and debentures
• Retained profits
• Reporting requirements

1. Managing Working Capital

• The scale of working capital
• Managing inventories

• Managing trade receivables
• Managing cash
• Managing trade payables

D.        BUDGETING, BUDGETORY CONTROL AND REPORTING

1. Understanding Budgets

• Common Types of Budgets
• What Information do I Need?
• Who Should Be Involved?
• What Should a Budget Look Like?
• Pricing and Budgetary Planning
• Budgetary Control and Responsibility Accounting, & Standard Costs and Balanced Scorecard

1. Budgeting Made Easy

• Factoring in Historical Data
• Gathering Related Information
• Adjusting for Special Circumstances
• Putting It All Together
• Computer Based Methods

1. Advanced Forecasting Techniques

• Using the Average
• Regression Analysis
• Extrapolation
• Formal Financial Models

1. Managing the Budget

• How to Tell If You’re on Track
• Should Your Budget be Updated
• Keeping a Diary of Lessons Learned
• When to Panic

1. Making Smart Purchasing Decisions

• 10 Questions You Must Ask
• Determining the Payback Period
• Deciding Whether to Lease or Buy
• Thinking Outside the Box

1. A Glimpse into the Legal World

• A Brief History

• The Sarbanes-Oxley Act
• CEO/CFO Certification
• 8th Company Law Directive

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/

INTRODUCTION

The course helps participants on how to professionally manage foreign aid for the achievement of the intended purpose. It guides them in to applying concepts and principles of financial management in management of project financed by foreign aid, with specific attention to those funded by the World Band and African Development Bank.

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