Who should attend
Executive & Section Head level in the company
About the course
After completion of this training program, delegates will be able to:
- Grasp a thorough understanding of the wide range of financial terms and concepts
- Apply the financial concepts and policies behind the management decision processes
- Recognize the impact of effective working capital management on company cash flow
- Control business operations through effective budget management and be able to assess and control the impact of day-to-day business activities on a company’s profitability
- Communicate effectively with financial executives and top management and be able to interpret and analyze financial statements
- Understand the project, the process & the manager
- Understand how you involve people in your project
- Defining exciting project outcomes
- Motivating the project management team
- Communication as a project management tool
- Practical tools and techniques
- Moving projects on to a successful outcome
- The course has developed in order to plan, co-ordinate and control the complex and diverse activities of modern industrial and commercial projects.
- The purpose of this course is to foresee or predict as many dangers and problems as possible; and to plan, organise and control activities so that the project is completed as successfully as possible in spite of all the risks.
## Course Outline
- What is Accounting
- Concept and Importance of Finance
- Elements of Finance
- Risk & Return Parameters
Review of Financial Terms and Concepts
- Determining the structure of Financial Statements
- Relating the income statement to the balance sheet and cash flow statement
- Budgeting Process
Overview of Time Value of Money
- The Interest Rate
- Simple Interest
- Compound Interest
- Amortizing a Loan
- Compounding More Than Once per Year
- The Income Statement
- Defining Revenue, Cost of sales, Gross Profit
- The conceptual nature of profit
- Differentiating between capital & revenue expenditures
- The effect of inventory valuation on profitability
- Overhead and Administrative expenses
The Balance Sheet
- Subcomponents of Assets, Liabilities and Equity
- Distinguishing between Fixed and current assets
- Intangible assets (Good well, etc.)
- Depreciation and amortization
- Provisions, Reserves, Accruals, & prepayments
Analysing and interpreting statements
- Utilising appropriate ratios to ascertain financial strength and viability
- Anatomy of the return on Investment
- Evaluating levels and ratios of liquidity, efficiency and profitability
- Assessing leverage levels
- Assessing and evaluating capital & cost structure
- Market value ratios
- Vertical, Horizontal & Trend Analysis
Cash Flow Statement
- Reconciling the differences between profit & cash
- Identifying the key elements of the cash flow statement
- Determining cash inflows & outflows for operating/investment/funding activities
Working Capital Management
- Forecasting future cash flow
- Controlling inventory levels
- Managing receivables and payables
- The dangers for over-rapid expansion
- What is management accounting?
- Collecting and analyzing costs
- Types of cost analysis: by type, by location, by behavior, by purpose
- What are overheads, and how should we analyze them?
- What is the Cost of Production - Marginal and Total Costing explained
- What is inventory, and how does it affect the cost of production?
- Methods of valuing inventory – FIFO, LIFO, and AVCO explained
- How to measure the break-even point and the margin of safety
- Why do we need Budget?
- Working within the context of the strategic plan
- Forecasting sales & revenues
- Calculating cost of sales and overhead
- Creating the master budget
- Actual vs. Budget
- Calculating & Interpreting variances
- Diagnosing the causes of variances
Capital Budgeting and Valuation
- Concept of capital budgeting
- Determining initial costs
- Valuation Techniques
- Capital Budgeting Methods:
- Average Rate of Return
- Payback Period PBP
- Net Present Value NPV
- Profitability Index PI
- Internal Rate of Return IRR
- What is and what is not project?
- How are projects different from operations?
- What is a project manager?
- What are the essential skills of the project manager?
- Why project fail / success?
- Terms project manager use (Top 10)
- What is the project management?
Project Management Framework
Project Life cycle
- Project Definition
- Project Planning
- Project Execution
- Project Closing
Competing project constraints
- Time - Resources
- Cost - Quality
Scope - Risk
Project and strategic planning
Project Scheduling Using M.S. Project
Critical Path Method (Crashing, Fast Tracking)
What is Scenario analysis?
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.