* All fees are exclusive of vat
** PREMIUM - Customize your learning experience
A 5-day Training Program to provide participants with the fundamental principles of finance in a telecommunications environment.
• Present the importance of finance and an introduction to key accounting and financial matters
• Provide a sound understanding of financial statements and some tools used to interpret those statements to understand the financial status of a company
• Explore the basic concepts of cost to evaluate the cost of business activities
• Learn how to analyze business investments and projects
• Give guidelines to communicate effectively with key financial decision-makers
•Managers
• Finance and accounting professionals
• Telecommunications managers and executives looking to complement their skill-set by gaining a good understanding of management accounting
Introduction to accounting and financial matters
• The importance of finance
• Financial accounting vs. management accounting
• Generally Accepted Accounting Principles (GAAP)
• Accountability and responsibility for financial information
Basic principles of accounting
• Use of financial statements
• Financial statements
• Financial statement build-up exercise
• Financial ratios
Network overview: What to cost
• Network generalities
• The evolution of wireless networks
• 2G networks
• 2.5G networks
• 3G networks
• Incumbent operator versus new operators
Costs, accounting, and activity-based cost evaluations
• Types of costs
• Revenue recognition and cost allocation
• Role of management accounting
• Activity-Based Costing (ABC)
• Costing in telecommunications
o The top-down approach
o The bottom-up approach
Analyzing business investments
• Investment analysis
• Cost of capital and hurdle rate
• Analysis methods and tools
• Communicating with financial decision-makers
Planning, budgets and performance measures
• Planning process overview
• Business plans, what ifs and strategy
• Balanced Scorecards and KPIs
• Budgets and control
• Variance analysis
• Measurement and continuous improvements
Averest Training Certificate of Completion or delegates who attend and complete the training course
This course is certified by:
This Course can be customized delivered to a group at your facility saving time and money.