Best Accounting Training Course

Overview

Accounting training. No-one in business will succeed if they are not financially literate – and no business will succeed without financially-literate people. This is the ideal programme for managers and other professionals or specialist who don’t have a financial qualification or background but who nonetheless need a greater/better understanding of the financial management in business decision-making and  to succeed in their career. This course builds and create confidence in participants to discuss and understand business – related Accounting training and financial matters in no time.

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LEARNING OBJECTIVES 

• Understand and speak the basic finance language 

• Gain greater confidence with basic finance concepts 

• Apply financial concepts and methods in business decision making 

• Translate/relate your department performance into financial terms 

• Make smarter and informed decisions that delivers higher profitability 

• Enhance your value to your organization and expand your professional expertise 

• Better communicate with confidence your contribution to the bottom line

LEARNING OUTCOMES 

At the end of the course, participants will: 

§ Be familiar with the concept of basic accounts 

§ Understand how they can be used to manage performance 

§ Appreciate the contribution that financial information makes to business decisions 

§ Be more adept in decision making 

§ Be encouraged to want to explore your own organisation’s finances in more depth

Key Coverage Areas

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* Concept of Value Creation, 

* Understanding Financial Statements, 

* Analyzing Financial Ratios, 

* Working Capital and Operating Cycles, 

* Understanding and Controlling Costs, 

* Capital Investment Appraisal

* Financial Instruments and Risk Management

* Short-Term and Long-Term Financial Planning

* Evaluating Financial Performance

* Business Valuation & Corporate Restructuring

* Understanding Management Accounting

* Financial Forecasting & Managing Growth

Who Should Attend?

Business Managers, Department Heads & Managers, Profit Centre Managers, Sales & Marketing Managers, Any Managers or Executive with a non-financial background

Accounting Training Course content

The Need for Financial Intelligence

Understanding the foundation

Understanding the art

Understanding analysis

Understanding the big picture

Finance within the Organization

The makeup of the finance function

Managing Money

Where does money come from?

Where does it go?

Accounting training for Business

The three key questions

• How are we doing?
• How did we do?
• What are we going to do?
• Financial Accounting training  and Management Accounting – the differences

Annual Report

The key elements of published reports and accounts.

Balance Sheet

Classifications

• Types of assets
• Types of Liabilities
• Working capital

Profit and Loss

Classifications

• Revenue
• Types of Costs
• Levels of Profit
• Layout

Revenue and Costs

Relationship between revenue and costs

Marginal Costs and Marginal Revenue

Opportunity costs

Breakeven analysis

Law of diminishing returns

Profit maximization

Ratio Analysis

Types of  ratios

Liquidity

Management

Leverage

Profitability

Investment

Budgeting

Definition

Reasons for budgeting

Variance analysis

Evaluation

Types of budgets

Human side of budgeting

Tips for successful budgeting

The Cost of Capital and Capital Investment Appraisal

Defining the cost of capital

Weighted Average Cost of Capital (WACC)

Capital Asset Pricing Model (CAPM)

The capital investment process

Capital Investment appraisal

Payback period

Accounting training Rate of Return

Net Present Value (NPV)

Internal Rate of Return (IRR)

Capital rationing

Strategy and Financing the Business

Financing the business, including short-term versus long term, and debt versus equity

Understanding the drivers in your business

Building your management dashboard

The effect of competitive strategy and how to gain competitive advantage

•      The balanced scorecard and critical success factors
•      Avoiding paralysis by analysis
•      Introduction to economic value added (EVA)

Accounting Training Course format

Practical: This course is heavy on reality and light on theory. Our trainers will introduce the concepts clearly, and then focus on real-world skills that connect the big picture to your job. Courses are updated regularly and trainers are active in the industry so your knowledge will be fresh and relevant.

Active: Training consists of concise briefings on best practice, backed up by interactive learning activities like workshops, role-plays, case study analysis, coaching, brainstorms and structured group discussions. You will not sit passively through long lectures.

Stimulating: This course is interesting, intellectually stimulating and delivered in a relaxed and professional style.

Inspiring: All REMOIK Pinnacle trainers are hands-on communication professionals with years of experience. We don’t employ academic teachers – we insist on good-humoured enthusiasts who will inspire your creativity.