MINI MBA Accounting & Finance

BRIEF COURSE INFORMATION

MINI MBA Accounting & Finance
Location: UAE
N/A
Category: Finance, Accounting and Banking

COURSE DESCRIPTION

This skull session is designed to cover the role and importance of accounting and finance in today’s business world. It will provide an ‘MBA level’ understanding in terms of content, instruction, discussion, and team exercises.

The skull session includes a broad illustration of how accounting information is collected, recorded, analyzed and presented both internally and externally, to support effective management, control, and decision making.  The skull session offers insights into the main factors that are essential to the successful financial business of corporations, including the efficient allocation of resources, within the economic, competitive, and physical environment. The skull session will also put emphasis on the importance of admirable corporate governance and business of financial risks.

This skull session will feature:

  • The finance function, and financial and business accounting systems
  • The income statement, balance sheet, and cash flow statement
  • Using budgets to control the business
  • The relevance and importance of finance to the achievement of your business
  • Techniques available to determine the most profitable and worthwhile investments for your business
Course Objectives

By attending and participating in this program, delegates will be provided with an overview of the approach and methodologies associated with the fast close growth and profit insightful practical understanding by being able to

  • Understand the importance of the fast close growth on financial and operational decision-making within an organization
  • Examine fast close processes, strategies and outstanding practices as well as consideration of organizational documentation policies and procedures
  • Understand the importance of departmental requirements for financial reporting as well as the need for on-going improvements to the closing process
  • Provide faster and more accurate information for monthly and year-end account closings with the goal of enhancing communication with internal and external financial statement users
Who Should Attend?

This skull session is suitable for a wide range of professionals who wish to achieve career improvement by expanding their financial knowledge. However, it will be most suitable for operational and middle Managers who wish to senior understand and make use of financial information in their business roles, for example

  • Members of the operational business team
  • Managers who consist of responsibility for divisional performance
  • Managers who consist of responsibility for support functions
  • Consultants who provide advice on systems and operations
  • Senior staff members of any department
Course Outline

Module One: Introduction to Accounting

  • The importance of accounting information
  • The role of the Finance Function
  • The accounting equation and financial accounting systems
  • Recording facts and applying judgement
  • Preparing the Income Statement and Balance Sheet
  • Accounting principles and accounting standards

Module Two: Accounting Reports

  • The format and contents of the Income Statement
  • The format and contents of the Balance Sheet
  • The effect of depreciation and impairment on profit
  • Identifying and valuing inventory
  • Preparing the Cash flow Statement
  • The importance of cash flow in business

Module Three: Management Accounting for Control and Decision-Making

  • Collecting and analyzing costs
  • The structure of direct and indirect costs
  • Dealing with overheads – absorption costing or ABC?
  • Cost-Volume-Profit and break even analysis
  • Decision making – make or buy
  • Decision making – the effect of limiting factors

Module Four: Communicating the plan through Budgeting

  • Corporate designing and corporate objectives implemented through budgeting
  • The budgeting growth and timescale
  • Sales budget forecasting techniques
  • Cascading the budgets across the complete business
  • Preparing practical budgets and the cash budget
  • Budgeting principles, methodologies and applications

Module Five: Measuring performance to inform Decision Making

  • Monthly business reporting
  • Setting and using standards
  • Identifying and calculating variances
  • Operating and designing variances – who is responsible?
  • Measuring responsibility Institute performance, ROI, RI, and EVA
  • Non-financial performance – the Balanced Scorecard
Course Methodology

A variety of methodologies will be used during the skull session that includes:

  • (30%) Based on Case Studies
  • (30%) Techniques
  • (30%) Role Play
  • (10%) Concepts
  • Pre-test and Post-test
  • Variety of Learning Methods
  • Lectures
  • Case Studies and Self Questionaires
  • Group Work
  • Discussion
  • Presentation
Course Fees

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

Course Timings

Daily Course Timings 08:00 – 08:20       Morning Coffee / Tea 08:20 – 10:00       First Session 10:00 – 10:20       Coffee / Tea / Snacks 10:20 – 12:20       Second Session 12:20 – 13:30       Lunch Break & Prayer Break 13:30 – 15:00       Last Session

VISITORS who viewed this COURSE also viewed