Code | Date | City | Fees | Register |
---|---|---|---|---|
E024 | March 31, 2024 - April 4, 2024 | Istanbul | $ 5000 |
Register Course.. |
E024 | July 28, 2024 - August 1, 2024 | Dubai – UAE | $ 5000 |
Register Course.. |
E024 | October 1, 2024 - October 3, 2024 | Dubai – UAE | $ 3000 |
Register Course.. |
E024 | January 12, 2025 - January 23, 2025 | Online | $ 0.00 |
Register Course.. |
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Objectives
- Comprehend the nature of modern Business finance.
- Acquire skills in financial analysis, planning and control.
- Learn costing and budgeting terminology used in business
- Determine full costs of outputs for the goods and services provided
- Master traditional techniques and recent best practices
- Link finance and operation for budgeting purposes and strategy execution
- Learn how to build a comprehensive performance measurement system
The Delegates
- Financial professionals, finance controllers treasurers and inventory professionals
- Senior professionals with a direct responsibility for financial management and control
- Accountants, planners, & cost professionals
- Any professional who has responsibility for any portion of the planning process
- Any professional, at a medium and senior level, who is a part of the financial decision making team
- New interns and trainees with finance related responsibilities
Contents
- Management and Financial Accounting: Key Concepts and Terminology
- Identify the major differences and similarities between financial and managerial accounting
- Understand the role of management accountants in an organization
- Linking strategy to planning and costing
- The key role of budgeting and cost control in contemporary organizations
- Towards a cross-functional process-view of the organization
- Understand your processes: integrating financial and non-financial aspects
- Understanding the Financial Statements
- Cost analysis :
- What is costing?
- Cost concepts and terminology
- Different costs for different purposes
- Fixed Vs Variable costs: the Cost-Volume-Profit analysis model
- Contribution Margin analysis
- Manufacturing vs. non-manufacturing costs
- Period Vs. Product costs: inventory evaluation and control
- Traditional vs. Advanced Techniques in Cost-control :
- Under-costing and over-costing: the consequences for profitability
- How to refine a costing system?
- Indirect Vs. Direct costs
- Traditional Cost Allocations systems Vs. Activity-Based Costing
- Cost hierarchy & Cost drivers
- Linking resources, activities and management
- Introducing Activity-Based Budgeting and Management
- Budgeting: Flexible Budgets and Variance Analysis:
- The role of budgeting
- Define the master budget and explain its major benefits to an organization
- Describe the difference between a static budget and a flexible budget
- Compute flexible-budget variances and sales-volume variances
- Discuss the behavioral implication of budgeting
- The budgeting process in your organization: how to improve it?
- Which tools shall we use to complement budgeting and costing?
- Problems, Case Study and Exercises
- Measuring Corporate Performance: The Balanced Scorecards and Six-sigma
- Broadening performance measurement systems
- The key role of customer satisfaction and business process reengineering
- Beyond budgeting: integrating financial and non-financial issues
- Introducing the Balanced Scorecard
- The key perspectives
- Introducing the Strategy maps
- Introducing Six-sigma
The Discount
10% in case of Three P. (or more)