Advanced Financial Accounting for Non-accountants (Brussels)

HRODC Postgraduate Training Institute
In Brussels, Belgium (Belgien)

5001-6000

Wichtige informationen

  • Kurs
  • Brussels, belgium (Belgien)
  • Dauer:
    5 Days
  • Wann:
    Freie Auswahl
Beschreibung

Limited Objectives: Having completed this seminar delegates should be able to: Understand strategic planning and decision-making framework. Provide a strategic view of the business environment. Understand and explain the nature and role of financial statements and their interpretation. Understand accounting and finance terminology and use the necessary accounting and financial jargon to communicate effectively with the financial professionals. Review the financial performance and financial position of an organisation. Develop operating and resource budgets.
Suitable for: This course is designed for: Vice Presidents of manufacturing and commercial businesses. Marketing, Engineering and HR Managers, Project Managers, Sales and Marketing Executives, Supple Extreme Professionals, Internal Auditors, Public Accountants, Asset Accountants, Attorneys

Wichtige informationen

Voraussetzungen: Degree or Work Experience

Veranstaltungsort(e)

Wo und wann

Beginn Lage
Freie Auswahl
Freie Auswahl
Brussels, Belgium
Rue du Fosse-Aux-Loups, 1000, Belgien, Belgien
Plan ansehen

Was lernen Sie in diesem Kurs?

Decision Making
Business Environment
Risk
Budgeting
Financial Accounting
Cash Flow
Balance Sheet
Investment
Accounting
IT
Performance
Marketing
Accounting MBA
Finance
Financial
Planning
IT risk
Accountants
Capital Investment
Financial Training

Themenkreis

Course Contents, Concepts and Issues:

The Strategic View of Business Environment

The Accounting Environment

  • The Uses and Purpose of Accounting
  • Users of Accounting and Financial Information
  • Various Groups of Stakeholders: Internal and External Users
  • Accounting Language and Terminology
  • Cash versus Profit, Accruals and Monetary Concepts
  • Profit and Profitability
  • Accounting Reports and Statements

Statement 1: The Balance Sheet – The Financial Position

  • The Structure of the Balance Sheet
  • What Does The Balance Sheet Tell Us About The Company?
  • Limitations of the Conventional Balance Sheet

Statement 2: The Profit And Loss Account (Income Statement) – Financial Performance

  • What Is Profit?
  • The Structure of the Profit and Loss Account
  • What Does The Profit And Loss Account Tell Us About The Company?
  • The Links between the Profit and Loss Account and Balance Sheet

The Financial Statement and the Financial Analysi

Statement 3: The Cash Flow Statement – Financial Flow

  • Cash vs. Profit
  • What Is Included In The Cash Flow Statement?
  • Why Is Cash Flow So Important?
  • The Structure of the Cash Flow Statement
  • The Links between Three Accounting Statements: The Cash Flow Statement, Profit and Loss
  • Account and Balance Sheet

 

The Annual Report and Financial Analysis

  • The Key Elements of Published Reports and Accounts
  • Ratio Analysis: Profitability; Efficiency and Performance; Liquidity; Investment; Cash Flow; the DuPont System
  • Cash vs. Profit as a Measure of Performance, EBITDA
  • Predicting Business Failure – The Altman Z-Score
  • Sources of Financial Information
  • The Use of Non-Financial Information Together With Financial Information

Budgeting and Short-term Planning 

Break-Even Analysis: Cost/Volume/Profit Analysis

  • Cost/Volume/Profit (CVP) Relationships
  • Break-Even Analysis
  • Single And Mixed Products
  • The Impact of Cost Structure Changes
  • Limitations of CVP Analysis

Budgeting

  • Purposes of Budgeting
  • The Budget Process, Including Activity Based Budgeting
  • Uncertainty and Risk – Worst and Best Outcomes
  • Motivation and the Behavioural Aspects of Budgeting
  • Problems in Budgeting

Budgetary Control and Long-Term PLanning DCF and Capital Investment Appraisal 

Capital Investment Decisions

  • What Is An Investment?
  • Investment Appraisal Criteria and Investment Decisions
  • Time Value of Money
  • Free Cash Flows
  • Capital Rationing and Control of Capital Investment Projects
  • Risk and Uncertainty and Decision-Making – Sensitivity Analysis

Budgetary Control

  • Organisational and Accounting Control Systems
  • Standard Costing
  • Flexed Budgets and Variance Analysis
  • Types of Variances and the Reasons They Occur
  • Planning and Operational Variances

Financing the Business and Strategic Accounting

Internal and External Sources of Finance

  • Financing the Business
  • Sources of Finance
  • Gearing
  • Weighted Average Cost of Capital (WACC)
  • Cost of Debt and Equity Capital
  • Risk Analysis and CAPM
  • Strategic Accounting
  • Outline of Strategic Management Accounting
  • Competitor Information and Strategic Positioning
  • Competitive Advantage
  • Strategic Accounting Systems, and the Balanced Scorecard
  • New Role for Managers and Accountants