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Certificate In Practical Finance & Accounting Course

February 7, 2028 - February 11, 2028
$2650
Airport Office

Certificate In Practical Finance & Accounting Course

Why Attend?

Are you able to use the essential accounting and financial tools, techniques and know-how and apply them practically in real-life business situations? This course illustrates and reinforces the use of the essential accounting and financial tools and techniques to enable non-financial and financial professionals at every level to make better-informed decisions to improve financial performance, create and increase corporate value and shareholder value, and maximize shareholder wealth.

This course covers the two separate disciplines of finance and accounting and introduces the principles, processes and techniques of accounting and finance systems used by business organizations. It illustrates how accounting and financial data and information are collected and recorded and then summarized and presented to investors and others in the form of financial statements and reports.

From an internal perspective, accounting and financial data and information may be used in a variety of ways to support the effective planning, control and management of the organization. This course also explores the financial institutions and financial markets that provide access to long-term financing for capital investment and growth, and the range of short-term finance that enables organizations to fund their daily operations and evaluates the impact of financial risk and its management.

Who Should Attend?

This course is suitable for a wide range of both non-financial and financial professionals, in all types of organizations. It will greatly benefit:

  • Those who are starting their careers in finance and accounting
  • Business entrepreneurs
  • Members of the operational management team
  • Financial and business advisers
  • Executive and non executive board members and audit committee members,
  • All those who wish to better understand the practical application of accounting and finance for the benefit of their organizations

Training Objectives

By the end of this course, participants will be able to:

  • Understand how business accounting systems work
  • Prepare, analyze and interpret the three key financial statements
  • Apply management accounting techniques to plan and control financial performance
  • Consider the range of funding and financial instruments available from financial institutions and the financial markets
  • Effectively appraise capital investments to identify corporate value-generating projects

Course  Features

  • Accounting systems that record, process and report the financial information essential for the operation of the organization
  • Preparation and analysis of the three key financial statements from summarized accounting data, the application of accounting concepts and financial reporting standards, and the use of financial judgement
  • The management accounting techniques used for planning and control, and performance improvement
  • Financial risk and its management using appropriate funding, and use of interest rate and foreign currency instruments available from the financial markets and financial institutions
  • Growth of the organization from increased corporate value and shareholder value through effective financing and capital investment to achieve the primary corporate objective of shareholder wealth maximization

Training Methodology

This course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. It presents a range of accounting and finance tools and techniques in a very hands-on way to suit individuals with varying levels of financial knowledge and experience.

The course is conducted along with workshop principles with presentations and numerous worked examples. Interactive team-based case studies and exercises reinforce the knowledge and develop the practical application of each of the learning points. Difficult mathematical concepts are minimized wherever possible and handled in a visual way that is easy to understand – our aim is for this to be an enjoyable learning experience.

Outline

Day One: The Business Accounting System

    • Why we need accounting systems
    • Identification, recording and understanding transactions in the accounting system
    • The income statement (statement of comprehensive income)
    • The balance sheet (statement of financial position)
    • The statement of cash flows
    • Applying accounting concepts, and financial reporting standards and exercising professional judgment

Day Two: Analysing and Interpreting the Annual Financial Report

    • Presentation of the financial statements
    • The differences between assets and expenses
    • Depreciation of long-term assets
    • Inventory costs and cost of goods sold (COGS)
    • Analysis of the financial statements
      Interpretation of the financial statements

Day Three: Management Accounting

    • Management accounting for effective communication and decision-making
    • Identifying product costs and measuring output
    • Cost-volume-profit (CVP) and break-even analysis
    • Preparing and using budgets to plan and control the organization
    • Actual to budget performance comparison
    • Using variance analysis to drive performance improvement

Day Four: Financing and Hedging Financial Risk

    • An overview of financial institutions and markets
    • Sourcing and raising finance
    • Choice of the most appropriate financing
    • Return on investment and the cost of capital
    • Foreign currency transactions
    • Managing foreign currency exchange rate and interest rate risk

Day Five: Maintaining Growth Through Value-Adding Investment

    • Identifying value-adding capital investment opportunities
    • Investment appraisal using accounting rate of return (ARR) and payback
    • Discounted cash flow (DCF) techniques: net present value (NPV) and internal rate of return (IRR)
    • Making investment choices when funds are limited
    • Risk and uncertainty
    • Incorporating risk into the investment decision

Event Coordinated by BASA Training

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