2 days’ workshop
Introduction:
As an accountant or finance manager or Financial Controller, your strategic Financial Management & accounting skills is very crucial for Organisations stability, liquidity and growth. You will move from being the business support role to engaging actively with senior management in driving your organization!! If you are serious, this is the seminar for YOU.
Course Objectives
Impact of investment decision on your Financial statements (income statements, cash flow, balance sheet & statement of equity)
Linking financial ratios to swot analysis for strategic decision making process via problem solving framework
Using Financial risk management model to identify & mitigate risks
Using excel tools for investment decision making
Applying Cost-Volume-Profit Analysis & goal seek for breakeven analysis
Using relevant costing for decision making (eg, add or drop; replacement decision, pricing decision)
Understand the Impact of operational & financial budgets on your organization
Methodology
Case Study & Group Discussion. Real-current financial & business cases will be analysed and scenario solutions will be discussed within the workshop.
Who Should Attend
Entrepreneurs, Bankers, Accountants, Finance managers, CFO, CEO & Business Managers and those who are serious in strategic financial Management & accounting skill development
Special Feature: NOTE: Please bring laptop along
Course Outline
Day 1
Module 1: Fulfilling Strategic Objective of An Organisation
Formulation of Business Turnaround Strategies (Case Study)
Asset conversion
Fees & Collection
Cost reduction
Manpower review
Stock management
Exercises
Module 2: Analysis of Financial Statements including Z scores
Linking financial ratios to swot analysis
Applying strategic decision making process via problem solving framework
Key ratios (Profitability Ratios, Efficiency Ratios, Liquidity Ratios & Gearing Ratios)
Module 3: Project Evaluation
Importance of investment decision making
Forecasting Relevant Project Cash Flows
Project evaluation Techniques – Payback, NPV, IRR
Excel applications – using the payback, NPV and IRR functions
Accepting or Rejecting Projects
Exercise
Module 4: Cost Management and Decision Making
Use relevant costs to make decisions
Outsourcing or Make-or-Buy Decision
Decision to Add or Drop a Product, Service, or Business Unit
Relevant Costs of Replacing Equipment
Pricing Decisions
Exercise
Day 2:
Module 5: Financial Risk Management
Analysing the potential risks facing an organization
Initiate mitigating controls to manage identified risks (eg, competitive & operational risks)
To weight the financial impact and probability of specified risks versus the cost of controls
Facilitate a cost & benefit decision analysis
Exercise
Module 6: Converting Budgeting Into KPI Using Dashboard
Key metric driver
Weightage
Measurement Unit
Design scoring standards
Link performance to rewards
Exercise
Module 7: Cost-Volume-Profit Analysis
Relationship between components and assumptions of CVP
Break-even point determination
Marginal analysis for making short-term decisions
Exercise
Module 8: Burning Issues of CFO