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Management has now become an integral part of the operation in a wide range of organizations. Financial analysis, Budgeting and Financial Acumen provide an understanding of the various aspects of an organization from calculative aspect to other related practices in the organisation. Topics in the seminar are viewed in the context of shareholders and financial decision-makers. The seminar provides a clear insight of decision-making process, various valuations methods, planning and interpreting financial information.
What Do Participants Learn?
Which specific variables, relationships, and trends are likely to be helpful in analyzing problems?
How reliable are available financial data, and how are uncertainty and risk likely to impact on the outcomes of decisions?
In the economic and financial analysis, what are the implications and relative importance of cash flow as distinct from accounting profit?
What limitations are inherent in financial data and the key financial statements, and how will these affect the financial analysis?
How important are qualitative judgments in the context of decision-making?
Understand strategic planning and budgeting
Link finance and operations for budgeting purposes and strategy execution
Learn how to build a comprehensive performance measurement system
Learn costing and budgeting terminology used in business
Understand the importance of a well-defined costing and budgeting process
Understand cost behavior more accurately
Be able to perform and interpret variance analysis
Who Should Attend?
Interns, financial analysts
Corporate planning and business development professionals
Middle and junior management as a useful element in their career advancement
What Will the Learning Experience Include?
Comprehensive pre-program activities include:
Web-based information forms & surveys completed by attendee.
Direct consultation with the attendee about the expectations.
During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
Participants learn from expert trainers who have both academic and business experiences.
Highly applicable training content & instructive activities for adding depth to training topics.
**A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Explore & Practice
Apply & sustain the learning experience by using this ongoing support:
To ensure participant has new skills or behavior progress.
Optional, fee-based mentoring & coaching with the trainer.
Training materials & additional documents (e-books, pdf files, presentations and articles)
Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
The practice of financial/economic analysis
The value-creating company
Corporate value and shareholder value
A dynamic perspective of business
The agency problem and corporate governance
What information and data to use?
The nature of financial statements
The context of financial analysis and decision-making
Ratio analysis and business performance
Management’s point of view
Owners’ point of view
Lenders’ point of view
Ratios as a system – pyramids of ratios
Integration of financial performance analysis
Economic value added (EVA)
Predicting financial distress
Introduction to budgeting: definition, types, and structure of budgets.
Accounting ledgers: sales, purchases and nominal ledgers.
Cash recording and bank reconciliations: the importance of bank reconciliations.
Profit, cash, and expenses: the difference between cash and profit; paying and accounting for expenses.
Financial planning and budgetary controls: why budget and how to set and manage budgets effectively.
Variance analysis: establishing adverse and favorable variances.
Evaluation and review of budgets.
Common budgetary problems and pitfalls.
Management and financial accounts: differences and why they are both important.
Financial statements: profit and loss account, balance sheet, notes and accounting policies.
The interrelationship of financial projections
Standard costing and variance analysis
Cash forecasts and cash budgets
Dynamics and growth of the business system
Financial growth plans
Key Features of Financial Acumen
Investigate the key elements of the three primary financial statements – the income statement, the balance sheet, and the statement of cash flows.
Understand how to review metrics related to the income statement — revenue growth, profitability and expense management– to glean insight into areas of opportunity.
Learn why management of the balance sheet metrics is critical to overall financial performance.
Discover how the statement of cash flow metrics provides powerful insights into client’s ability to fund your solutions.
Courseware includes examples, industry-specific guidance and practical insight to test your knowledge.