Course description
The management of a firm may improve its understanding of the cash flow into and out of the organization with the assistance of finance and accounting, allowing them to make more educated business choices. The creation of profits for the company and the maintenance of a satisfactory rate of return on investments are the primary focuses of strategic financial management. The organization can determine how much money and resources it will need to achieve its goals and overall mission. It can also formulate a strategy for future expansion to ensure the company’s continued viability. A sound financial system allows for this to happen
Why study advanced financial strategy and accounting skills training courses?
Any profitable organization’s primary goal is to maximize stakeholders’ value over and above profits. Understanding financial strategies and accounting skills to be to do so will give you an upper hand in creating wealth for your shareholders. Rcademy has designed this training course to provide you with the power to maximize operating profits by correctly and efficiently increasing revenue streams while simultaneously cutting operational costs. Furthermore, by understanding financial strategies and mastering accounting skills, you will learn to evaluate and adopt the most appropriate economic systems to enable any organization to thrive.
Upcoming start dates
Suitability - Who should attend?
Who should attend?
The Advanced Financial Strategy and Accounting Skills Training Course by Rcademy are suitable for:
- Investment analysts
- Finance and treasury professionals
- Departmental managers
- Head office team members
- Capital investment managers and analysts
- Strategy, planning, and budgeting managers
- CEOs and start-up founders
- Entrepreneurs
- Finance executives
- Senior and experienced finance personnel
- Finance officers seeking to gain knowledge in finance strategies
Outcome / Qualification etc.
The main objectives of The Advanced Financial Strategy and Accounting Skills Training Course by Rcademy are to enable participants to:
- Understand how to create achievable goals for corporates by creating better objectives
- Measure financial operations to support the budgeting process
- Evaluate capital investment structures using various means
- Create a costing system for the organization
- Link finances to costs for objective setting and target optimization
- Develop an appropriate financial strategy for their organizations
- Effectively manage working capital and cash to reduce costs and improve cash flow
- Learn to develop their success metrics
- Master accounting and finance jargon to understand business processes
- Link strategies to costing and performance evaluation
- Understand and learn the best practices to manage organizational performance
Training Course Content
Module 1: Finance Strategy and Liquidity Management
- Predicting corporate distress and failure
- Optimum capital structure – Practice – Theory
- Financial gearing – Impact on profitability – Risk
- Predicting corporate pain and Failure
- Sources of business finance – Debt – Equity
- Financial model application -Cash flow forecasting
- Liquidity management
- Cash flow
Module 2: Cost Analysis
- Period vs product costs
- Different costs for different purposes
- Contribution margin analysis
- What is it costing?
- Manufacturing vs non-manufacturing costs
- Cost concept and terminology
Module 3: Measuring Corporate Performance
- The key perspectives
- Ensuring the satisfaction of the client
- Introducing six-sigma
- Introducing the balanced scorecard
- Beyond budgeting – Non-financial issues – Integrating
- Broadening performance measurement systems
- Introducing the strategy maps
Module 4: Traditional Vs Advanced Techniques in Cost-Control
- Introducing activity-based budgeting and management
- Indirect vs direct costs
- Linking resources, activities, and management
- Understanding how to distribute costs effectively
- How to refine a costing system?
- Cost Hierarchy and cost drivers
- The effects of over-costing and its impact on business
Module 5: Financial Accounting and Management
- Understanding the financial statements
- Linking strategy to planning and costing
- Achieving a better process appraisal for organizations
- Role of financial officers in developing organizations
- The Role of cost control in contemporary organizations
- Identifying the crucial differences in management styles
Module 6: Variance Analysis and Flexible Budgets
- Techniques, tools, and methods that apply to budgets and costs
- Computing financial budgets and how it affects sales volume
- The role of planning financial expenditures
- Understanding static and flexible budgets
- The behavioral implication of budgeting
- Master budget and its importance in an organization
- Tools used to complement costing in an organization
- Problems
Module 7: Corporate Governance and Business Growth
- Understanding how even great companies can fail
- Innovation killers in an organization
- Business restructuring and reorganization
- The workings of mergers and acquisitions
- Long-term business growth strategies
- Purpose and Principles of corporate governance
- Understanding business model disruption
Module 8: Financial Performance Management
- Implementing an effective performance management system
- Building a winning business model
- Financial Planning: Budget and Beyond
- Tools for strategic analysis and strategic development
- Measuring and improving return on investment
- Managing and enhancing shareholder value
- Agency theory and its impact on the firm’s goals
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...