Highlights of the seminar:
• The strategic and operational role of the Finance Function
• The principles of accounting and financial reporting
• How to understand and analyse financial reports
• How management accounting helps to maintain control and improve efficiency
• How we can ensure that investment returns meet the stockholders expectations

Having completed this seminar you should be able to:
• Explain the nature and role of financial statements and their interpretation.
• Use the language of accounting and finance to communicate effectively with financial professionals.
• Review the financial performance and financial position of an organisation using the appropriate financial ratio and break-even analysis techniques.
• Use budgetary control to compare actual against planned performance and to identify corrective actions.
• Evaluate investment projects using DCF and other appraisal methods.

What will your organisation gain from sending employees to attend this seminar?
• Greater awareness of the role of accounting and finance
• Ability to understand the structure of accounting systems, and financial reports
• Ability to make more effective and better informed contributions to financial discussions
• Ability to use tools and techniques for financial control and financial management
• Greater understanding of the key drivers which ensure sustainable growth and competitiveness
• Awareness of how business risks can be identified, analysed, and managed

Participants will be able to further develop their personal management skills by being:
• More knowledgeable about accounting and finance systems, and the meaning of financial reports
• Better informed financially, to enable improved management decision-making.
• Better able to contribute to financial discussion, and communicate in financial language
• Better able to contribute to the effective financial management of their organisation.
• Able to evaluate alternative courses of action and identify the most effective choices with regard to the future improvement of their organisation.
• Able to liaise more effectively with other departments on financial matters.

• Sales and marketing executives.
• Supply-stream professionals.
• Project professionals.
• Internal auditors.
• Any non-financial professionals who are required to read, interpret, and contribute to business financial reports.
• Senior professionals of manufacturing, marketing, engineering.
• Human resources professionals.
• Legal professionals.
• Executive professionals who are involved with development of long-term customers, suppliers, outsourcing partners, and other global strategic alliances.
• Consultants who work with professionals and executives, to support improvements to operational and financial processes.

This interactive seminar will comprise a range of learning activities, including tutor presentations, with question and answer opportunities, demonstration and practice of analytical techniques, group exercises and discussions, using case studies and current company and market information sources. Whilst the theoretical background to financial management will be explained and justified, the main emphasis will be on putting these into a real world context by providing a practical ‘toolkit’ of financial techniques.

Day1
The Business Environment and the role of Accounting

• The business environment
• The uses and purpose of accounting
• Users of accounting and financial information
• Accounting terminology
• The dual entry accounting system
• The Income Statement – financial performance
• The Balance Sheet – financial position
• Cash flow versus profit
• The Cash Flow Statement
– Where the cash comes from and where it goes to
• The links between the Cash Flow Statement, Income Statement and Balance Sheet

Day2
The Financial Statements and Financial Analysis

• Accounting conventions and accounting standards (IFRS)
• The key elements of published Annual Financial Reports (AFR)
• Techniques for interpreting the Financial Statements
– Common-Size analysis and Ratio Analysis
• Financial statements analysis – Case Study
• Cash flow ratios – a different perspective
• Predicting business failure with ratios and other key indicators
• Publicly available sources of corporate financial information

Day3
Budgeting and Break-even Analysis

• Management Accounting – the Internal Perspective
• The importance of cost analysis – materials, labour and overheads
• Understanding overheads, and how they should be treated in internal analysis and decision-making
• Cost/volume/profit (CVP) analysis and the break-even point
• Using CVP analysis to make profitable decisions
• The purpose and importance of budgeting
• Preparing and implementing your budget
• Different budgeting models – are they relevant for your business?
• Is budgeting an effective management technique?
• Issues of risk, uncertainty, motivation and asymmetric behaviour

Day4
Budgetary Control and Capital Investment Appraisal

• Budgetary control with monthly management reports
• Standard costing and variance analysis
• Case study on calculating and interpreting variances
• Internal growth strategies – types of capital investment
• Basic appraisal techniques as a filtering process – ARR and Payback
• Why you should consider the time value of money
• Discounted cash flow appraisal techniques – NPV and IRR
• Practical issues to consider in NPV appraisal –
• inflation, capital rationing, risk and uncertainty
• Investment Appraisal exercises using spreadsheets

Day5
Financing the Business and Re-organization Strategies

• Financing the business – why and when
• Financing principles, short-term versus long-term, debt versus equity
• Sources and types of finance
• Determining the cost of long term finance: the cost of capital models:
• Cost of Equity (Ke) – Dividend Valuation Model
• Cost of Equity (Ke) – Capital Asset Pricing Model
• Cost of Debt (Kd)
• Weighted Average Cost of Capital (WACC)
• Review of external growth strategies:
• Mergers, acquisitions and joint ventures
• Review of restructuring strategies: Demergers, spin-offs, unbundling, MBO, MBI, BIMBO

CDGA attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.