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Executive Mini-MBA Programme in Financial Accounting (1week)

Introduction

This finance & accounting training course is designed to cover the role and importance of accounting and finance in today’s business world. It will provide an ‘MBA level’ experience in terms of content, instruction, discussion, and team exercises.

The training course includes a comprehensive illustration of how accounting information is collected, recorded, analysed and presented both internally and externally, to support effective management, control, and decision making.  The training course offers insights into the main factors that are essential to the successful financial management of corporations, including the efficient allocation of resources, within the economic, competitive, and physical environment. The training course will also put emphasis on the importance of good quality corporate governance and management of financial risks.

This Education Select training course will feature:

  • The finance function, and financial and management accounting systems
  • The income statement, balance sheet, and cash flow statement
  • Using budgets to control the business
  • The relevance and importance of finance to the success of your business
  • Techniques available to determine the most profitable and worthwhile investments for your business
  • The relevance and importance of finance to the success of your business

What are the Goals?

By the end of this training, participants will be able to:

  • Prepare the income statement, balance sheet, and cash flow statement
  • Use accounting techniques to improve profitability and efficiency
  • Understand and evaluate corporate financial reports
  • Identify and appraise wealth-generating investments
  • Recognise, quantify, and control financial risk

Who is this Training Course for?

This training course is suitable for a wide range of professionals, but will greatly benefit:

  • Members of the Operational Management Team
  • Consultants who provide advice on operations or strategy
  • Managers who have responsibility for the control of risk
  • Managers who have responsibility for divisional performance
  • Senior Staff members of any Department

How will this Training Course be Presented?

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This will include question and answer and group discussion, to develop, and build a framework of core knowledge of the training course topics, illustrating these with real-world examples. There are also workshops, where individuals and groups can work on problems and exercises, analyzing financial data to control operations, measure performance, and make profitable decisions, under the guidance of the Instructor.  Realistic case studies, which will provide the opportunity for teams of delegates to analyse situations, explore options, and propose strategies and solutions.

 

Day One: Introduction to Accounting

  • The importance of accounting information
  • The role of the Finance Function
  • The accounting equation and financial accounting systems
  • Recording facts and applying judgement
  • Preparing the Income Statement and Balance Sheet
  • Accounting principles and accounting standards

Day Two: Accounting Reports

  • The format and contents of the Income Statement
  • The format and contents of the Balance Sheet
  • The effect of depreciation and impairment on profit
  • Identifying and valuing inventory
  • Preparing the Cash flow Statement
  • The importance of cash flow in business

Day Three: Management Accounting for Control and Decision-Making

  • Collecting and analyzing costs
  • The structure of direct and indirect costs
  • Dealing with overheads – absorption costing or ABC?
  • Cost-Volume-Profit and break even analysis
  • Decision making – make or buy
  • Decision making – the effect of limiting factors
 

Day Four: Communicating the Plan Through Budgeting

  • Corporate planning and corporate objectives implemented through budgeting
  • The budgeting process and timescale
  • Sales budget forecasting techniques
  • Cascading the budgets across the whole business
  • Preparing functional budgets and the cash budget
  • Budgeting principles, methodologies and applications

Day Five: Measuring Performance to Inform Decision Making

  • Monthly management reporting
  • Setting and using standards
  • Identifying and calculating variances
  • Operating and planning variances – who is responsible?
  • Measuring responsibility centre performance, ROI, RI, and EVA
  • Non-financial performance – the Balanced Scorecard

 Accreditation

D324

This course is recognised and accredited by Education Select Consultancy in United Kingdom. Participants will receive a completion certificate by the end of the training in Morocco. Those who are interested in completing this program in UK will receive a mini MBA accredited by British Consultancy firm, Education Select.

 

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