An online intensive professional development training course on
Accounting,
Decision Making &
Financial Communication
Financial Information for Effective Business Management
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15 -
19 Jul 2024
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$ 3,950
|
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30 Sep -
04 Oct 2024
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$ 3,950
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Also Available in
Classroom - In-Person Course
Brochure
Why Choose this Online Training Course?
This Accounting, Decision Making & Financial Communication online training course will provide a comprehensive illustration of how accounting information is collected, recorded, how it is analysed and presented both internally and externally, to support effective management, control, and decision making. This is important because key personnel in an organization use accounting information which is often said to be the ‘language of business’; hence it is essential to understand and to be able to use this language.
This Accounting, Decision Making & Financial Communication online training course will also introduce delegates to the systems and structures of financial and management accounting and their value in ensuring the success of the business. Delegates will be exposed to, and enjoy an ‘MBA Level’ experience in terms of content, instruction, discussion, and team exercises.
This AZTech online training course will feature:
- The finance function, and financial and management accounting systems
- The income statement, balance sheet, and cash flow statement
- How to accurately determine product or service costs
- Accounting techniques for effective decision making
- Using budgets to control the business
What are the Goals?
By the end of this AZTech online training course, participants will be able to:
- Prepare income statement, balance sheet and cash flow statement
- Explain the difference between profit and cash flow
- Interpret cost behaviour and its impact on product costing
- Use accounting techniques to improve profitability and efficiency
- Construct functional and departmental budgets
Who is this Online Training Course for?
This AZTech online training course is suitable for a wide range of professionals who wish to achieve career progress by expanding their financial knowledge. However, it will be most suitable for operational and middle Managers who wish to better understand and make use of financial information in their management roles, for example:
- Members of the operational management team
- Managers who have responsibility for divisional performance
- Managers who have responsibility for support functions
- Consultants who provide advice on systems and operations
- Senior staff members of any department
How will this Online Training Course be Presented?
This AZTech online training course uses a range of training methods designed to achieve effective learning, and to maintain the interest and enthusiasm of delegates. The presenter will discuss, develop and build a framework of core knowledge of accounting and reporting, illustrating these with real-world examples.
A range of techniques will be presented, explained, and reinforced using exercises and examples. Delegates will have the opportunity to participate in teamwork exercises, analyzing financial data to control operations, measure performance and make profitable decisions.
The Course Content
Day One: Introduction to Accounting
- The importance of accounting information
- The role of the Finance Function
- The accounting equation and financial accounting systems
- Recording facts and applying judgement
- Preparing the Income Statement and Balance Sheet
- Accounting principles and accounting standards
Day Two: Accounting Reports
- The format and contents of the Income Statement
- The format and contents of the Balance Sheet
- The effect of depreciation and impairment on profit
- Identifying and valuing inventory
- Preparing the Cash flow Statement
- The importance of cash flow in business
Day Three: Management Accounting for Control and Decision-Making
- Collecting and analyzing costs
- The structure of direct and indirect costs
- Dealing with overheads – absorption costing or ABC?
- Cost-Volume-Profit and break even analysis
- Decision making – make or buy
- Decision making – the effect of limiting factors
Day Four: Communicating the Plan through Budgeting
- Corporate planning and corporate objectives implemented through budgeting
- The budgeting process and timescale
- Sales budget forecasting techniques
- Cascading the budgets across the whole business
- Preparing functional budgets and the cash budget
- Budgeting principles, methodologies and applications
Day Five: Measuring Performance to Inform Decision Making
- Monthly management reporting
- Setting and using standards
- Identifying and calculating variances
- Operating and planning variances – who is responsible?
- Measuring responsibility centre performance, ROI, RI, and EVA
- Non-financial performance – the Balanced Scorecard
The Course Schedule
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10:30 - 11:00 |
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Welcome, Setup, Registration (Day 1 Only) |
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11:00 – 12:30 |
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First Session |
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12:30 – 12:45 |
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Break (15 minutes) |
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12:45 – 14:15 |
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Second Session |
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14:15 – 14:30 |
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Break (15 minutes) |
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14:30 – 16:00 |
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Third Session |
The Certificate
- An AZTech e-Certificate will be provided to delegates who attend and complete the online training course
