Mastering
Accounting, Budgeting
& Performance Measurement

• The development of business organizations
• The role of Finance and the Finance Function
• Sources and types of finance for business organizations

Teamwork exercise: preparing a business plan to present to potential investors

• The development of business organizations
• The role of Finance and the Finance Function
• Sources and types of finance for business organizations

Teamwork exercise: preparing a business plan to present to potential investors

• The structure of the financial accounting system
• The Income Statement and Statement of Financial Position

• The development of business organizations
• The role of Finance and the Finance Function
• Sources and types of finance for business organizations

Teamwork exercise: preparing a business plan to present to potential investors

• The structure of the financial accounting system
• The Income Statement and Statement of Financial Position

Teamwork exercise:  Financial accounting and reporting case study

• The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
• The financial and non-financial elements of the AFR

Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders

• The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
• The financial and non-financial elements of the AFR

Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders

• The difference between cash flow and profit

• The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
• The financial and non-financial elements of the AFR

Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders

• The difference between cash flow and profit

Teamwork exercise: Preparing and presenting a Cash Flow Statement

• The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
• The financial and non-financial elements of the AFR

Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders

• The difference between cash flow and profit

Teamwork exercise: Preparing and presenting a Cash Flow Statement

• How to analyse and interpret the AFR

• The purpose and format of the Annual Financial Report (AFR), prepared according to IFRS.
• The financial and non-financial elements of the AFR

Teamwork exercise: Assessing the effectiveness of the AFR as a means of communicating with our key stakeholders

• The difference between cash flow and profit

Teamwork exercise: Preparing and presenting a Cash Flow Statement

• How to analyse and interpret the AFR

Teamwork exercise and presentation: Assessing a company’s performance and position by analyzing their AFR

• Understanding the difference between management accounting and financial accounting
• Calculating the cost of our products and the problem of overheads (indirect costs)
• Overhead apportionment – absorption costing versus Activity Based Costing

Teamwork exercise: Preparing cost estimates for a contract bid

• Understanding the difference between management accounting and financial accounting
• Calculating the cost of our products and the problem of overheads (indirect costs)
• Overhead apportionment – absorption costing versus Activity Based Costing

Teamwork exercise: Preparing cost estimates for a contract bid

• Cost-Volume-Profit and break-even analysis
• Budgeting – objectives and process

• Understanding the difference between management accounting and financial accounting
• Calculating the cost of our products and the problem of overheads (indirect costs)
• Overhead apportionment – absorption costing versus Activity Based Costing

Teamwork exercise: Preparing cost estimates for a contract bid

• Cost-Volume-Profit and break-even analysis
• Budgeting – objectives and process

Teamwork exercise: preparing next year’s budgets for a manufacturing business

• Understanding the difference between management accounting and financial accounting
• Calculating the cost of our products and the problem of overheads (indirect costs)
• Overhead apportionment – absorption costing versus Activity Based Costing

Teamwork exercise: Preparing cost estimates for a contract bid

• Cost-Volume-Profit and break-even analysis
• Budgeting – objectives and process

Teamwork exercise: preparing next year’s budgets for a manufacturing business

• Analysing the differences between budget and actual, using Variance Analysis

• The time value of money – future values and present values, perpetuities and growth

Group discussion: Identifying new investment opportunities for your business: 

• The time value of money – future values and present values, perpetuities and growth

Group discussion: Identifying new investment opportunities for your business: 

Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback

• The time value of money – future values and present values, perpetuities and growth

Group discussion: Identifying new investment opportunities for your business: 

Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback

• The cost of capital - Equity and Debt

• The time value of money – future values and present values, perpetuities and growth

Group discussion: Identifying new investment opportunities for your business: 

Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback

• The cost of capital - Equity and Debt

Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)

• The time value of money – future values and present values, perpetuities and growth

Group discussion: Identifying new investment opportunities for your business: 

Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback

• The cost of capital - Equity and Debt

Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)

Teamwork exercise: Advanced appraisal methods – Net Present Value (NPV) and Internal Rate of Return (IRR):

• The time value of money – future values and present values, perpetuities and growth

Group discussion: Identifying new investment opportunities for your business: 

Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback

• The cost of capital - Equity and Debt

Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)

Teamwork exercise: Advanced appraisal methods – Net Present Value (NPV) and Internal Rate of Return (IRR):

• Dealing with capital rationing using the Profitability Index method
• Dealing with forecasting uncertainty using Sensitivity Analysis

• The time value of money – future values and present values, perpetuities and growth

Group discussion: Identifying new investment opportunities for your business: 

Teamwork exercise: Basic appraisal methods – Accounting Rate of Return and Payback

• The cost of capital - Equity and Debt

Teamwork exercise: Calculating the Weighted Average Cost of Capital (WACC)

Teamwork exercise: Advanced appraisal methods – Net Present Value (NPV) and Internal Rate of Return (IRR):

• Dealing with capital rationing using the Profitability Index method
• Dealing with forecasting uncertainty using Sensitivity Analysis

Teamwork exercise: Comprehensive investment appraisal mini-case

• Interest rate risk

Group discussion: The role of Treasury

• Interest rate risk

Group discussion: The role of Treasury

• Managing interest rate risk using options and swaps

• Interest rate risk

Group discussion: The role of Treasury

• Managing interest rate risk using options and swaps

Teamwork exercise: Devising an effective interest rate swap

• Interest rate risk

Group discussion: The role of Treasury

• Managing interest rate risk using options and swaps

Teamwork exercise: Devising an effective interest rate swap

• Foreign currency risk
• Managing foreign currency risk using natural techniques
• Managing foreign currency risk using transactional techniques

• Interest rate risk

Group discussion: The role of Treasury

• Managing interest rate risk using options and swaps

Teamwork exercise: Devising an effective interest rate swap

• Foreign currency risk
• Managing foreign currency risk using natural techniques
• Managing foreign currency risk using transactional techniques

Teamwork exercise: Hedging the risks of a foreign currency transaction

• The complexity of managing contemporary organizations
• Strategic planning, budgeting and management control systems
• The key elements of budgeting: objectives, initiatives and resources
• Understanding the context for budgeting & the role of the controller
• What are the advantages and the disadvantages of budgeting
• What is it the situation in your organization? How to improve it?

• What are the essential inputs of the budgeting process?
• What is zero-based budgeting?
• Costing for budgeting: key terms and concepts
• Variable vs. Fixed costs
• The important role of contribution margin
• Cases, problems and examples

• Complementing traditional costing with activity-based costing
• Direct vs. indirect cost
• Cost allocation: traditional costing and activity-based costing (ABC)
• From traditional budgeting to Activity-based budgeting (ABB)
• The importance of costs analysis
• Cases, problems and exercises

• Capitalized vs. period costs
• Capital budgeting
• Payback period
• Net-present value
• Internal rate of return
• What is it the situation in your organization?

• What are the limits of budgeting and financial reporting?
• What are the drivers of the business model?
• What are the trades-off in place?
• Beyond budgeting: integrating financial and non-financial issues
• The balanced scorecard and KPIs
• Case, problems and examples