Finance & Budgeting

Who is it for?

Ideal for:
• Finance Professionals
• Accounting Professionals
• Budget Analysts
• Financial Analysts
• Business Owners and Entrepreneurs
• Managers and Executives
• Anyone involved in financial planning and decision-making within an organization.

What will I get out of it?

• Solid understanding of financial concepts, accounting principles, and financial terminology, improving their financial literacy.
• Skills to analyse financial data, interpret financial statements, and make strategic decisions that align with the organization's goals and objectives.
• Learn how to create budgets, forecast financial performance, and plan for future financial needs, ensuring effective resource allocation.
• Develop risk assessment and management techniques, helping participants identify and mitigate financial risks that can impact the organization.
• Gain knowledge about financial regulations, accounting standards (such as GAAP and IFRS), and tax laws, ensuring compliance and accurate financial reporting.
• Learn techniques for evaluating investment opportunities, conducting cost-benefit analyses, and making investment decisions that maximize returns.
• Acquire skills in preparing financial reports, understanding income statements, balance sheets, and cash flow statements, and communicating financial information effectively.
• Acquire tools and methods to analyse costs, improve cost efficiency, and optimize expenses, contributing to enhanced profitability.
• Certification that can enhance career prospects and professional credibility.

Course Outline:

• Introduction to Finance and Accounting:
o Role of Finance and Accounting in Business
o Financial Statements: Balance Sheet, Income Statement, Cash Flow Statement
o Accounting Principles: Accrual vs. Cash Basis, Double-Entry Accounting
• Financial Statement Analysis:
o Understanding Financial Ratios: Liquidity, Profitability, Solvency
o Trend Analysis: Analysing Financial Performance Over Time
o Interpreting Financial Statements for Decision-Making
• Cash Flow Management:
o Cash Flow Forecasting and Budgeting
o Managing Working Capital: Receivables, Payables, Inventory
o Cash Flow Statement Analysis and Improvement Strategies
• Budgeting and Forecasting:
o Budget Preparation: Sales, Operating Expenses, Capital Expenditure
o Variance Analysis: Actual vs. Budget Comparison
o Rolling Forecasts and Long-Term Financial Planning
• Cost Management:
o Cost-Volume-Profit (CVP) Analysis
o Break-Even Analysis and Margin of Safety
o Activity-Based Costing (ABC) and Cost Allocation
• Financial Planning and Analysis:
o Financial Modelling Techniques
o Scenario Analysis and Sensitivity Testing
o Investment Appraisal Methods: NPV, IRR, Payback Period
• Capital Budgeting:
o Capital Expenditure Decision-Making
o Risk Assessment in Capital Budgeting
o Evaluating Investment Proposals and Capital Rationing
• Ethical Considerations in Finance and Accounting:
o Ethical Principles in Financial Reporting
o Corporate Governance and Accountability
o Fraud Prevention and Detection
• International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP):
o Understanding Global Accounting Standards
o Transitioning from GAAP to IFRS
o Implications for Financial Reporting and Analysis
• Interactive Workshops and Case Studies:
o Financial Statement Analysis Exercises
o Budgeting and Forecasting Simulation
o Real-Life Case Studies on Financial Decision-Making