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
Read more about Digital Transformation
Read more about Project management
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.