Excellence Accounting and Budgeting for Managers #252012

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This 5-day intensive course is designed to empower managers with the essential financial acumen and practical skills needed to drive informed decision-making and enhance organizational performance. Participants will gain a comprehensive understanding of core accounting principles, budgeting techniques, and financial analysis tools, enabling them to effectively manage resources, control costs, and contribute to the financial success of their organizations.

Upon successful completion of this course, participants will be able to:
• Understand fundamental accounting principles and financial statements.
• Develop and manage effective budgets that align with strategic objectives.
• Analyze financial data to assess performance and identify areas for improvement.
• Interpret financial reports and communicate financial information effectively.
• Apply cost accounting techniques to optimize resource allocation and control expenses.
• Utilize financial analysis tools to evaluate investment opportunities and make sound financial decisions.
• Understand the impact of financial decisions on profitability and cash flow.
• Implement effective financial controls and risk management strategies.
• Integrate financial considerations into day-to-day management decisions.

This course is designed for managers and professionals who are responsible for financial decision-making, including:
• Department Managers
• Project Managers
• Team Leaders
• Business Unit Managers
• Operations Managers
• Sales Managers
• Marketing Managers
• Entrepreneurs and Small Business Owners
• Anyone seeking to enhance their financial literacy and management skills

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a binder containing a copy of the presentation
• slides and handouts
• Post-assessment

• Introduction to Accounting Principles and Concepts
• Understanding Financial Statements: Balance Sheet, Income Statement, Cash Flow Statement
• Key Accounting Terms and Definitions
• The Role of Accounting in Decision-Making
• Hands-on Exercise: Analyzing a sample financial statement.

• The Importance of Budgeting and Planning
• Developing a Comprehensive Budget: Top-Down vs. Bottom-Up Approaches
• Budgeting Methods: Zero-Based Budgeting, Activity-Based Budgeting
• Forecasting and Budget Variance Analysis
• Hands-on Exercise: Creating a departmental budget.

• Cost Behavior and Cost Classifications
• Direct Costs, Indirect Costs, and Overhead Allocation
• Cost-Volume-Profit (CVP) Analysis
• Activity-Based Costing (ABC)
• Case Study: Applying cost accounting techniques to improve profitability.

• Ratio Analysis: Liquidity, Profitability, and Solvency Ratios
• Financial Performance Metrics and Key Performance Indicators (KPIs)
• Break-Even Analysis and Contribution Margin Analysis
• Investment Appraisal Techniques: Net Present Value (NPV), Internal Rate of Return (IRR)
• Hands-on Exercise: Performing financial ratio analysis.

• Internal Controls and Risk Management
• Cash Flow Management and Forecasting
• Capital Budgeting and Investment Decisions
• Financial Reporting and Communication
• Integrating Financial Considerations into Strategic Planning
• Group Project: Developing a financial strategy for a hypothetical business scenario.
• Q&A and Wrap-up Session.

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