Essentials of Business Finance

Place- الموعد Date - المكان
2017-02-12 00:00:00 Cairo
2017-07-09 00:00:00 Turkey
2017-10-08 00:00:00 Casablanca

 Course Objectives:

§  Understand the financial and accounting terms used in business.

§ Develop skills in financial literacy.

§ Understand the main financial statements and how to be used to monitor and control business performance.

§  Understand the financial language, asking relevant financial questions, and making business decisions using financial criteria.

§  Highlight the need for good budget construction and the basic techniques for budgetary control.

§ Develop operating budgets

§ Understand how cash budgeting can affect motivation and control

§ Understand the way in which financial information is collected, organized and classified within the financial systems of the organization

§ Learn a range of financial analysis skills for enhancing and interpreting the financial data of the organization

§ Understand how planning and budgeting can assist managers in business, and appreciate why many organization are replacing budgeting with other management models

Course Outline:

§  The World of Finance and Accounting.

§  Why Do We Have Accounting Systems?

§ Needs Determine the Form of Accounting Data

§ The Goal of Good Management is to Create Value

§ The Three Management Functions

§  Data Characteristics of Financial vs. Managerial Accounting

§ New Management Trends to Create Value

§ What is profit?

§ Definition of Profit.

§ Importance of Profit.

§ How much profit can we make?

§ Management by the Numbers

§ Understanding Volume Based Cost Behavior Patterns

§ Contribution Margin Based income Statements

§ Cost-Volume-Profit (CVP) Analysis

§ Using CVP to Manage

§ How does the CVP Chart Change to Reflect Cost Management

§  What Questions Can we Answer?

§ The Importance of Cash Flow

§ How money works in business.

§  Why profit and cash are not the same.

§ How much cash can we take?

§ The Cash Management Process

§ Planning Motivates Control Through Evaluation

§ Budgeting in an Uncertain Business World — Solvency Management

§ Factors Influencing the Need for Budgeting & Planning

§ What Makes the Budgeting Process Successful?

§ Breaking Down The Financial Statements Barrier

§ Assets and Liabilities.

§ Working Capital Management.

§ Key ratios to improve asset utilization and profitability.

§ Expenditure Planning & Financial Decision Making

§ Cost benefits analysis.

§ Capital expenditure decisions.

§ What is Capital Expenditure?

§ Nature of Capital Investment Decisions

§ What is Capital Budget?

§ Stages of Capital Budgeting Process

§ Relevant Cash Flows

§ Methods of Evaluating Capital Investments

§ Sensitivity analysis.

§ Budgeting for Profit

§ Definition of a budget.

§ Purpose of a budget.

§ How to construct a budget.

§ How to use a budget for financial control. 

§ Motivation and Control Through Budgeting

§ The Motivational Cycle

§ The Control Environment

§  How Much Accounting Control Do We Need?

§  Types of Controls

§  Centralized vs. Decentralized Controls

§ Responsibility Centers used in Accounting Control Systems

§  Limitations for 'Management by the Numbers' or Accounting Control

§ Evaluation of Managers and Divisions

§  Cost of Capital Employed

§ Accounting Performance Measures

§ Do Our Accounting Systems Encourage Good Judgment?