Advanced Accounting & Finance Management
two weeks
Course Overview
Course Objectives
- Define the nature and scope of corporate financial reporting.
- Critique the concepts, rules, and procedures for corporate financial reporting.
- Interpret financial statements according to IFRS, FAS, SEC, and other standards.
- Incorporate risk management and corporate governance into business practices.
- Analyze the financial performance of an organization through its financial statements.
- Apply discounted cash flow (DCF) methods to financial decision-making.
- Navigate the budgeting process, including performance evaluation.
- Understand cost behavior and its impact on management decisions.
- Communicate and scrutinize financial information effectively.
- Appreciate the integration of finance, accounting, and governance.
- Implement business plans that align with strategic intent.
- Reduce territorial disputes between business functions.
- Enhance skills in all areas of finance, accounting, and governance.
- Lead the finance and accounting process.
- Recognize increasing professionalism to address current and future challenges.
Course Audience
- Financial controllers.
- Chief accountants.
- Finance or accounting managers, supervisors.
- Staff accountants.
- General ledger accountants.
- Professionals in accounting and finance who wish to upgrade their skills.
Course Methodology
tive and practice-oriented approach that combines both theoretical foundations and real-world applications. The methodology ensures active participation and effective knowledge transfer, focusing on immediate applicability in the workplace.
The training methodology includes:
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Expert-Led Presentations: Structured sessions to explain key concepts in accounting, finance, budgeting, risk management, and governance.
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Case Studies & Best Practices: Analysis of real-world corporate examples, including both successful and unsuccessful cases.
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Hands-On Workshops: Practical exercises in preparing budgets, analyzing financial statements, and evaluating investment decisions.
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Group Work & Discussions: Collaborative problem-solving activities that enhance teamwork and communication skills.
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Role-Playing & Simulations: Stakeholder management, risk communication, and governance decision-making.
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Financial Modeling & Tools: Use of spreadsheets and analytical techniques for valuation, WACC, CAPEX evaluation, and scenario analysis.
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Action Planning: Participants will develop tailored action plans to apply learned techniques directly within their organizations.
Course Outline
Day 1 :Foundations of Accounting and Financial Reporting
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Unit 1: Accounting: An Introduction
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Nature, forms, and importance of accounting
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Profit, decision-making, and funding operations
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Cash vs. accrual accounting and forecasting
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Accounting policies and standards
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Unit 2: Financial Statements, Accounting Policies, and Reporting Standards
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Income statement components
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Costs and expenses: fixed, variable, and mixed
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Depreciation, amortization, and depletion
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Balance sheet: assets, liabilities, and equity
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Cash flow statement and working capital cycle
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Day 2 :Budgeting and Managerial Decision-Making
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Unit 3: Making and Communicating Decisions Using Budgets
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Master budget as planning, control, and communication tool
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Sales, operating, financial, cash, and capital budgets
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Variance analysis and performance improvement
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Unit 4: Financial vs. Management Accounting
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Objectives and roles of financial vs. managerial accounting
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Cost concepts: variable, fixed, sunk, opportunity, relevant
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Cost-volume-profit analysis and breakeven scenarios
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Cost/benefit analysis in decision-making
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Day 3 :Business Value, Finance, and Capital Structure
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Unit 5: Ultimatum Goal of Planning – Valuation and Performance
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Responsibility centers and segment reporting
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Business valuation methods
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Shareholder value creation and value-based methodologies
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Unit 6: What is Finance and Working Capital
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Definition and scope of finance
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Working capital components and ratios
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Liquidity vs. bankruptcy considerations
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Unit 7: Capital Structure – Significance and Impact
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Equity and debt capital
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Cost of capital and WACC
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Financial and operating leverage
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Day 4 :Investment and Risk Management
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Unit 8: CAPEX – Investment Decisions with What-if Risks
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Time value of money
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Cash flow estimation and forecasting
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NPV, IRR, MIRR, and Profitability Index
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Post-implementation audits and risk analysis
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Unit 9: Risk Management and Corporate Governance Integration
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Types of financial and operational risks
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Risk appetite and performance measures
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FRM/ERM strategies and governance alignment
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Emerging risk concerns: supply chain, alliances, reputation
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Day 5 :Corporate Governance and Strategic Alignment
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Unit 10: Corporate Governance
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Definitions, environment, and models
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Shareholders vs. stakeholders perspectives
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Board structures: one-tier vs. two-tier, CEO duality
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Role of independent directors
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Corporate governance practices and emerging trends
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Principal-agent theory and accountability
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Final Workshop & Case Study
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Integrated case study covering financial statements, budgeting, valuation, risk, and governance
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Group presentations and feedback
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Action planning for workplace application
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