Financial Accounting Excellence

This course will:

• Demonstrate how the cash flow statement shows the cash inflows and outflows of an organization.
• Show you how to apply management principles to the financial resources of an organization.

By attending this course, you will understand the part played by accounting in creating and monitoring strategy.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Cash-flow Statements

• Cash is king!
• Understanding the sources and uses of cash
• The difference between cash flow and profit
• Exercise – Prepare a Cash Flow Statement

Financial Management

• Types of financial management
• Analysing financial statements
• Reporting to shareholders
• Creative accounting – managing policies and procedures

Strategic Accounting

• What is strategic accounting?
• The Balanced Scorecard
• Risk and Uncertainty
• decision-making about the future

The Changing Role of the Finance Function

• Improving people effectiveness
• Match finance roles to outcomes
• Monitoring finance function performance

Course Review

• Summary and recap of key learning objectives
• Action Planning

This course is suitable for:

• Accountancy staff in pursuit of promotion.
• Accountancy staff who need to have a deeper understanding of accounting and how this can improve results.
• Anyone who wants to understand how the financial function relates to the general management of an organization.

Upon completion of this course, you will be able to:

• Explain the relevance of cash flow and how it is reported.
• Define the function of financial management.
• Show how organizations use accounting to create and monitor their strategies.
• Implement an Action Plan at your workplace using the knowledge and skills acquired through the course.