Finance And Accounting Training

Best Practices - 5 Days

Course Overview

Finance is a core process/function in business that requires executive attention. Accounting is the language of business; understanding and applying this language to your business in general remains the single most valuable competence of management. Prepare yourself by enhancing your personal competence in identifying best practices in finance and in accounting.

In this programme you will:
• Focus on real companies and their finance function and accounting processes to show participants which elements have achieved best practices status
• Will remove much of the mystique associated with the management of finance and accounting
• Focuses on challenging you to become the strategic financial leaders of the organization
• Prepare yourself for future responsibilities by examining best practices in these important functions/processes

Who Will Benefit From The Course?

• Financial and non-financial professionals who wish to test their high performance and high potential knowledge, skills and attitudes with other similar individuals
• Anyone who wishes to reinforce their knowledge of financial functions/processes and who require a more integrative financial view

With The Help Of This Course Delegates Will Be Able To:

• 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
• Understand 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
• Understand best practices in how 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

Key areas to be covered in the programme and the accompanying documentation

DAY 1

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 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

DAY 2

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

DAY 3

Best practices in annual reports, footnotes, and corporate governance

• Best practices in annual reports using GAAP, 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

DAY 4

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
• Learning best practices for the cash to capital to cash (Karl Marx) and how to leave an industry sector
• Activity based costing, time-based costing, and competence based costing and financial analysis
• Deriving lessons learned from Module four

DAY 5

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 to best practices
• What applications of lessons learned in Best Practices in Finance and
• Accounting are applicable in your company and in your markets
• What personal learning plans have been made to continue Best Practices in Finance and Accounting

Would You Like To Make An Enquiry Or Ask A Question?

Call us for FREE on 0800 849 6732

Email us at enquiries@m-t-d.co.uk

Complete our online form

What Makes MTD Different From The Rest?

Reason # 1

We Will Design And Deliver A Custom Designed Solution Centred Around Your Training Needs And Requirements At No Additional Cost To You.

Reason # 2

Our Courses Are Rated 9.2 Out Of 10 On Our Feedback Forms And 100% Of Our Clients Say That They Would Use Us Again - Your Staff Will Be In Safe Hands!

Reason # 3

We Supply Only The Very Best Trainers For Your Event. We Will Select The Trainer That Has The Highest Skill Level And Experience Relative To Your Requirements. Our Trainers Are Specialists In Their Fields - This Means That Your Staff Receive The Very Highest Standards Of Training Content And Delivery.

Reason # 4

Every Manager That Attends A Course Run By MTD Will Receive Unlimited

Post-Course Email & Telephone Support Whilst They Are Implementing The Techniques And Strategies That They Have Covered On The Course. After All, That's When The Real Work Starts!

Reason # 5

We Offer You Great Value For Money. Our courses start from as little as £695 per day for in-house training. This provides incredible value for money especially when you bear in mind that the cost includes:

• All of the preparation time required in order to gather your requirements and to get an understanding of your training needs.

• The time and expertise required to design and develop your bespoke course

• The delivery of your event by a highly experienced and specialised trainer

• Top quality course materials, manuals, handouts, assessments etc

• Lifetime unlimited email and telephone support after the course

• Providing feedback on the success of the event and on individual training development needs

• Course certificates

Reason # 6

Our Delivery Methods Will Ensure That Your Event Is A Success Or We Will Refund Your Money In Full

Reason # 7

We Provide Flexible Solutions For Your Training Needs. Whether It Be Through A Course, One On One Coaching Or A Management Development Programme, We Can Design A Tailor Made Solution To Exceed Your Expectations