Mastering Finance and Accounting :: مركز المجد للجودة وتطوير الموارد البشرية

Training Course Objectives

Identify best practices for the roles of CFO, controller, treasurer, and accountants in the content of, and relationships between, financial statements (income statement, balance sheet, and statement of cash flows)
Discuss best practices in the use of financial statements to evaluate the financial / strategic performance of an organization
Utilise best practices in discounted cash flow (DCF) techniques and their application to financial decision-making
Identify best practices in corporate performance management using key success factors, weak financial signals, and strong financial signals in various industry sectors
Illustrate how best practices in EVA® (Economic Value Added), SVA (Shareholder Value Added), and RI (Residual Income) can be used to value competing strategies
Define best practices in the value creation/destruction process in mergers and acquisitions from the market perspective and signals to management from the market
Clarify best practices in the roles of directors, auditors, and others in their respective roles in corporate governance
Identify best practices in the various sources of financial and business data that provide insights into business and financial strategies
Identify best practices in the details of financial control, risk management, and financial reporting from the perspectives of the internationally recognized professional associations
Enhance personal networks of similarly minded high potential managers

Training Course Content

Getting started with best practices in finance and accounting

The role of financial management – CFO, Treasurer, and Controller

The role of functional management in respect to financial management

The basic financial statements and their articulation

Evaluating performance and why ROI/ROCE is still a good place to start

Competitive perspectives related to financial statements

Best practices in preparing, presenting, and populating financial statements

Identifying key success factors in industry sectors

Deriving lessons learned from Module one

Best practices in early review and projections of strategy via financial statements

Short-term success evaluations process and measures

Weak signals for future strategic adjustments

Buy, sell, or hold investments

Best practices in financial review compared to targets and expectations

Financial performance measurement systems

Best practices in finding and using key accounting assumptions

Compare business system to financial results

Deriving lessons learned from Module two

Best practices in annual reports, footnotes, and corporate governance

Best practices in annual reports using IFRS, or other standards

Role of exchange commissions and social policy

Best practices in reconciling accounting standards and reporting

Best practices in examining corporate governance and shareholder value as well as stakeholder value

Benchmarking external reviews, industry reports, and analyst reports

Best practices in boards of directors and their move to financial literacy

Benchmarking shareholder value measures

Deriving lessons learned from Module three

Best practices in industry / financial analysis and balancing the scorecard

Best practices in asking financial managers to guide the understanding of an industry sector with ratios and other financial statements

Benchmarking treasury management – cash, FOREX, working capital, and CAPEX

Best practices in controllership – planning, control, costing, and profitability

Benchmarking value creation from the controllership function

Finding best practices in non-financial inputs to financial statements

Activity based costing, time-based costing, and competence based costing and financial analysis

Where financial management fits into the balanced scorecard

Deriving lessons learned from Module 4

Best practices in net present value thinking and next generation financial modeling

Best practices in NPV as the ultimate decision criterion

Benchmarking the use of real options as a next generation best practice

Presenting and communicating to executive audiences the best practices in finance and accounting

Demonstrating next generation model building

Challenging the finance function with regards to best practices

What applications of lessons learned in Mastering Finance andAccounting are applicable to your company and in your markets

What personal learning plans have been made to enable you to continue mastering Finance and Accounting