The Finance and Accounting MBA is an intensive 10-day seminar designed to sharpen your management skills and focusing on current best practices in finance and accounting. Finance is a core process/function in a business that requires executive attention. Accounting is the language of business; understanding and applying this language to your business, in general, remains the single most valuable competence of management. Prepare yourself by enhancing your personal competence in identifying best practices in finance and in accounting.
• Consider methods for improving management performance • Gain insights into the successful implementation of teams • Study the techniques for strategic planning • Develop negotiation skills • Analyse the Baldrige Award criteria for excellence • Examine the application of management best practices • Identify best practices for the roles of CFO, controller, treasurer, and accountants in the content of, and relationships between, financial statements (income statement, balance sheet, and statement of cash flows) • Discuss best practices in the use of financial statements to evaluate the financial/strategic performance of an organization • Utilise best practices in discounted cash flow (DCF) techniques and their application to financial decision-making • Identify best practices in corporate performance management using key success factors, weak financial signals, and strong financial signals in various industry sectors • Illustrate how best practices in EVA® (Economic Value Added), SVA (Shareholder Value Added), and RI (Residual Income) can be used to value competing strategies • Define best practices in the value creation/destruction process in mergers and acquisitions from the market perspective and signals to management from the market • Clarify best practices in the roles of directors, auditors, and others in their respective roles in corporate governance • Identify best practices in the various sources of financial and business data that provide insights into business and financial strategies • Identify best practices in the details of financial control, risk management, and financial reporting from the perspectives of the internationally recognized professional associations • Enhance personal networks of similarly minded high potential managers Who Should Attend?
• Financial and non-financial professionals who wish to test their high performance and high potential knowledge, skills, and attitudes with other similar individuals • Anyone who wishes to reinforce their knowledge of financial functions/processes and who requires a more integrative financial view
Day One: People Management
• The importance of sociotechnical management • Organizational values and visionary leadership • Introduction to the Malcolm Baldrige quality award-standard of excellence • Organizational and personal learning • Employee training, well-being, satisfaction, and commitment • Enhancing your coaching skills
Day Two: Leading Teams
• Work teams and project management • Understanding team member styles • Managing conflict in a productive manner • Creating a virtual team • Evaluating team effectiveness
Day Three: Strategic Management
• Management by fact and vision • The strategy development process • Strategic planning and implementation • SWOT analysis and performance improvement techniques • Integrating the value chain for enhanced performance
Day Four: Negotiating for results
• Gaining insight into the negotiating process • Characteristics of an effective negotiator • Developing negotiating strategies • Employing persuasive negotiation techniques • Achieving the benefits of effective negotiating • Negotiation exercises
Day Five: Operational Excellence
• The Malcolm Baldrige quality award-standard of excellence practice • Matching organizational strategies with operational results • Achieving competitive advantage through operational excellence • Business models and business process re-engineering • Public responsibility, citizenship and value creation • Lessons from the best-performing companies and Benchmarking your operation against the best
Day Six: Managing Profits and Funding
• The role of financial management – CFO, Treasurer, and Controller • The need for Financial Information • Sources of Financial Information • Creating and managing the Income Statement • Creating and managing the Balance Sheet • Financial Statements and footnotes
Day Seven: Cash Flow and Cash Management
• The importance of cash flow • Managing the Cash ‘gap’ • Causes and effects of cash of the 2008 Credit Crisis • Money instruments • Using Microsoft Excel’s Solver to manage cash flow • Identifying Key Financial Ratios
Day Eight: Measuring and Managing Financial Performance
• Why Return on Capital Employed is so important • Marginal Performance Improvement – How small changes can create big gains • Managing Working Capital • Measuring Corporate Valuation • Using tools like the Altman Z Score to measure Financial Health • Accounting Principles, Auditing, and Corporate Governance
Day Nine: Financial Strategy and Balancing the Scorecard
• Taking a strategic financial approach • Vision, Mission, and Objectives from a Financial Perspective • Creating cascading financial objectives • Balancing the Scorecard • How business culture impacts financial performance • Cost Models
Day Ten: Capital Projects and Managing Funding
• Net Present Value and Internal Rate of Return • Balancing Debt and Equity • Weighted Average Cost of Capital • Investment Screening Criteria • Capital Asset Pricing Model • EVA … the advantages and disadvantages
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