FINANCE & ACCOUNTING - Accounting, Decision Making & Financial Commuincations
By combining techniques, analysis, problems, and examples with real case studies the workshop provides delegates with key cost awareness and budgetary skills, which are essential in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis. It provides a conceptual backdrop both for the financial/economic dimensions of systematic business management and for understanding the nature of financial statements, analyzing data, planning and controlling.
PARTICIPANTS WILL BE ABLE TO:
-The content of and relationships between financial statements, including, income statement, balance sheet, and statement of cash flow
-How to use financial statements to evaluate the financial performance of an organization
-Discounted cash flow (DCF) techniques and their application to financial decision making
-The budgeting process, including performance evaluation
-How profit margin, asset utilization, and financial leverage are used by managers to maximize the return to investors
-Cost behavior and its impact on management decisions
No particular level of prior knowledge is needed.