* All fees are exclusive of vat ** PREMIUM - Customize your learning experience
The modern day accountant works in an environment of continuous change. Their role has become more challenging by globalization and advancing technology and competition, which has created a worldwide marketplace with a new level of competitiveness for every business and improved and cheaper technology. An effective accountant communicates the story effectively and accurately about what has happened in a business to the users of financial information, as well providing useful and relevant information, so that these users may make effective informed decisions.
What Do Participants Learn?
• Understand the sources of information in the business • Examine how this information is organized, classified and presented • Utilize effective analytical tools to understand the business • Participate fully in the management of their business • Critically review the financial and other management systems of their business • Understand how change has impacted the role and effectiveness of the accountant in business
Who Should Attend?
• Accountants and finance professionals • All employees working in a financial environment wanting to enhance their skills
• Those professionals with an interest in finance or aspirations to enhance their careers in the field of finance and accountant
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.
Section One: Accounting is an information system
Sources of information
Users of financial information
Users requirements for information
Information flow in a business
Quality of information
Differences between financial and management accounting
Section Two: Financial Reporting
Internal and external reporting
What the Income Statement tells us about profitability
What the Balance Sheet tells us about the financial strength
Purpose and use of the Cash Flow Statement
Using financial ratios to enhance our understanding
Employing other financial analysis techniques
Interpreting results and making comparisons between businesses
Section Three: Management Reporting
The emphasis on the customer and the external environment
Developments in Management Accounting and Reporting
Timing and accuracy of data collection and reporting
The balanced scorecard
Section Four: Planning, Budgeting, and Forecasting
The relationship between long and short-term planning