Advanced Financial Accounting For Non-Accountants

Human Resource and Organisational Development Consultancy (HRODC) Training Institute
London, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' Day 1 - A strategic view of the business environment

The accounting environment

· The uses and purpose of accounting
· Users of accounting and financial information
· various groups of stakeholders: internal and external users
· Accounting language and terminology
· Cash versus profit, accruals and monetary concepts
· Profit and profitability
· Accounting reports and statements
Statement 1: The balance sheet �the financial position
· The structure of the balance sheet
· What does the balance sheet tell us about the company?
· Limitations of the conventional balance sheet

Statement 2: The profit and loss account (income statement) �financial performance

· What is profit?
· The structure of the profit and loss account
· What does the profit and loss account tell us about the company?
· The links between the profit and loss account and balance sheet
Day 2 - The financial statements and financial analysis

Statement 3: The cash flow statement �financial flow

· Cash verses profit
· What is included in the cash flow statement?
· Why is cash flow so important?
· The structure of the cash flow statement
· The links between three accounting statements: the cash flow statement, profit and loss account and balance sheet
The annual report and financial analysis

· The key elements of published reports and accounts
· Ratio analysis: profitability; efficiency and performance; liquidity; investment; cash flow; the Dupont system
· Cash versus profit as a measure of performance, EBITDA
· Predicting business failure �the Altman Z-score
· Sources of financial information
· The use of non-financial information together with financial information
Day 3 - Budgeting and Short-term Planning

Break-even analysis: Cost/volume/profit analysis

· Cost/volume/profit (CVP) relationships
· Break-even analysis
· Single and mixed products
· The impact of cost structure changes
· Limitations of CVP analysis
Budgeting

· Purposes of budgeting
· The budget process, including activity based budgeting
· Uncertainty and risk �worst and best outcomes
· Motivation and the behavioural aspects of budgeting
· Problems in budgeting
Day 4 - Budgetary control, and Long-term Planning

DCF and capital investment appraisal

Capital investment decisions

· What is an investment?
· Investment appraisal criteria and investment decisions
· Time value of money
· Free cash flows
· Capital rationing and control of capital investment projects
· Risk and uncertainty and decision-making �sensitivity analysis
Budgetary control

· Organisational and accounting control systems
· Standard costing
· Flexed budgets and variance analysis
· Types of variances and the reasons they occur
· Planning and operational variances
Day 5 - Financing the business and strategic accounting

Internal and External Sources of Finance

Financing the business

· Sources of finance
· Gearing
· Weighted average cost of capital (WACC)
· Cost of debt and equity capital
· Risk analysis and CAPM
Strategic accounting

· Outline of strategic management accounting
· Competitor information and strategic positioning
· Competitive advantage
· Strategic accounting systems, and the balanced scorecard
· New role for managers and accountnts ...''

Phone:+44 (0) 20 82657008

School Address:

328 Linen Hall, 162-168 Regent Street, London. W1B 5TD, UK
122A Bhylls Lane, Wolverhampton, West Midlands WV3 8DZ, UK



Jobs & Resumes: London
Houses & Roommates: London
Travel Agencies: London

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