At the end of this training, participants should be able to:

• Explain the nature and role of financial statements and their interpretation
• Use the language of accounting and finance to communicate effectively with financial professionals
• Review the financial performance and financial position of an organization using the appropriate financial ratios and break-even analysis techniques
• Use budgetary control to compare actual against planned performance and to identify corrective actions
• Evaluate investment projects using DCF and other appraisal methods

Contents:

The Business & Financial Environment

• The business environment                 
• The role of financial management
• Developing a strategic financial plan
• The role & purpose of financial & management accounting
• Accounting conventions, policies & International Financial Reporting Standards (IFRS)
• The executive’s role in corporate governance

Executive Management & Control of Budgets

• The purpose and importance of budgeting
• Different budgeting models – Are They Relevant for Your Business?
• Preparing, negotiating & implementing the budget
• Controlling the budget
• Variance analysis
• Using budgets to aid decision making: Cost / Volume / Profit (CVP) analysis & break-even analysis

Financial Statements & Financial Analysis for Executive Decision Making

• Corporate financial information: - Internal & external
• The key elements of published annual financial reports            
• Financial statements analysis to evaluate financial performance to improve liquidity, profitability, & efficiency
• Working capital management
• Cash flow statements and calculating free cash flow
• Predicting business failure with ratios and other key indicators

Strategic Financial Decision Making

• Financing the business – Why and when?
• Financing principles, short-term vs. long-term, debt vs. Equity
• Sources and types of finance
• Determining the cost of long-term finance - The cost of capital models:
• Review of external growth strategies:
• Review of restructuring strategies: Demergers, spin-offs, unbundling, MBO, MBI, BIMBO

The Executives Role in Capital Investment

• The capital investment process
• Basic appraisal techniques – ARR and Payback
• Why you should consider the time value of money?
• Discounted cash flow appraisal techniques – NPV and IRR
• Practical issues to consider in NPV appraisal - Inflation, Capital Rationing, Risk and Uncertainty
• Managing risk & uncertainty

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participants will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

This course is available in the following locations:
Nigeria - $3000
Ghana    - $6000
Rwanda - $7000
UK - $8000
USA - $8000