Essential Finance And Accounting Skills
Master the financial tools and techniques essential for effective, successful management
18 - 22 May 2008 • Crowne Plaza Hotel • Dubai |
Course Agenda
Course Timings: Registration will be at 8.00 on Day One. All five days will commence at 8.30 and conclude with lunch at 14.30. There will be two refreshment breaks at appropriate intervals.
Day Three – Tuesday, 20 May 2008
Budgeting And Divisional Performance Appraisal
• Aims of budgeting
• Budgeting principles
• The mechanics of preparing budgets
• Fixed budgets
• Flexible budgets
• Activity Based Budgeting (ABB)
• Rolling/continuous budgets
• Principles of cash budgeting
• The mechanics of cash budgeting
• The format of a cash budget
• Depreciation, notional costs, opportunity costs and cash flow budgets
• Non-trading cash flow inflows and outflows
• Features of a budgetary control system
• Performance measurement
• Financial performance measurement
• Non-financial performance measures
 | Case Study |
Project Appraisal – The Investment Decision
• Deciding between competing projects and maximising your limited resources
• Return On Capital Employed (ROCE) – why it is used, what it tells you and its limitations
• Time value of money and discounting
• Internal Rate of Return (IRR) - standard, modified
• Discounted cash flow techniques: the vital importance of net present value
• Payback period – the problems of short-termism in investment appraisal
• Sensitivity analysis – how sensitive are key decisions to potential changes in circumstances?
| | Case Study |