Course Description
This comprehensive 5-day course equips professionals with essential skills in accounting, financial decision-making, and effective communication. Participants will learn to analyze financial statements, create budgets, and present complex financial information clearly. The course combines theoretical knowledge with practical applications to enhance strategic decision-making abilities.
Learning Objectives
- Interpret and analyze financial statements to inform business decisions
- Develop effective budgeting and forecasting techniques
- Apply cost analysis methods for improved profitability
- Enhance financial communication skills for various stakeholders
- Implement performance measurement and management techniques
- Understand the ethical considerations in financial reporting and decision-making
Course Modules
Day 1: Fundamentals of Financial Accounting
- Introduction to accounting principles and financial statements
- Balance sheet analysis and interpretation
- Income statement and cash flow statement essentials
- Key financial ratios and their significance
Day 2: Cost Accounting and Decision-Making
- Cost behavior and break-even analysis
- Activity-based costing and its applications
- Relevant costing for decision-making
- Capital budgeting techniques
Day 3: Budgeting and Performance Management
- Budgeting process and types of budgets
- Flexible budgeting and variance analysis
- Balanced Scorecard and KPI development
- Performance evaluation and responsibility accounting
Day 4: Financial Analysis and Forecasting
- Advanced financial statement analysis
- Financial modeling and scenario planning
- Cash flow forecasting techniques
- Valuation methods for business decision-making
Day 5: Financial Communication and Ethics
- Effective presentation of financial information
- Stakeholder communication strategies
- Ethical considerations in financial reporting
- Case studies in financial decision-making
Practical Wins for Participants
- Ability to make data-driven financial decisions
- Enhanced skills in creating and managing budgets
- Improved financial communication with stakeholders
- Practical tools for performance measurement and management
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
