Share This
Home » Seminars » Finance & Budgeting » Business Financial & Accounting Skills

Business Financial & Accounting Skills

Business Financial & Accounting Skills

Code Date Venue Fees
FI006 16 - 20 Jul 2017 Dubai - UAE $5,500 Register
FI006 22 - 26 Oct 2017 Dubai - UAE $5,500 Register
FI006 11 - 15 Dec 2017 Hong Kong $5,500 Register

Introduction

Effective planning and control entails developing skills that go far beyond mastery of any one discipline. This course addresses key issues, such as cost analysis, continuous improvement of cost assignment, budgeting, management control, and performance evaluation. In so doing, the seminar pushes delegates to understand the cause-and-effect relationship among business strategy and vision, operational objectives, measures and targets, as well as advanced performance measurement and reporting.

The training seminar focuses on:

  • Master the finance and accounting jargon to understand business processes
  • Cost analysis for budgeting purposes and decision making
  • Financial and operational measures to support the budgeting process
  • Best practices to manage organizational performance
  • Link strategy to costing and performance evaluation

Objectives

  • Understand the finance and accounting jargon
  • 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

Training Methodology

The seminar will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each tool in an operations environment. Each learning point will be re-enforced with practical exercises. Difficult mathematical concepts are minimized and handled in a visual way that is easy to understand with examples demonstrated.

Organisational Impact

  • Cost and budgeting awareness will be enhanced
  • Higher chances to select a budgetary system that works
  • Broadened knowledge of performance management techniques
  • Better attitude to link cost and budgeting to strategy and performance measurement
  • Deeper understanding of cause and effect relationship for budgeting purposes
  • Better awareness of non-financial implications of budgeting

Personal Impact

  • Delegates will understand the costing and budgeting methods most useful to them
  • They will understand how to construct a relevant and efficient budget
  • They will learn to evaluate the usefulness of costing techniques in accurately calculating and ensuring profitability
  • They will reinforce and expand their knowledge by linking budgeting to strategy and performance measurement
  • They will broaden their understanding by linking financial and operational issues

Who Should Attend?

  • 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

SEMINAR OUTLINE

DAY 1

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
  • Video, Examples & Discussions

DAY 2

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
  • Case study

DAY 3

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
  • Video, Case Study and Examples

DAY 4

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

DAY 5

Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma

  • Broadening performance measurement systems
  • The key role of customer satisfaction and business process re-engineering
  • Beyond budgeting: integrating financial and non-financial issues
  • Introducing the Balanced Scorecard
  • The key perspectives
  • Introducing the Strategy maps
  • Introducing Six-Sigma
  • Video, Case Study and examples

Accreditation

  • Quality Logo



Business Financial & Accounting Skills


Upcoming Dates

Code Date Venue Fees
FI006 16 - 20 Jul 2017 Dubai - UAE $5,500
FI006 22 - 26 Oct 2017 Dubai - UAE $5,500
FI006 11 - 15 Dec 2017 Hong Kong $5,500

Introduction

Effective planning and control entails developing skills that go far beyond mastery of any one discipline. This course addresses key issues, such as cost analysis, continuous improvement of cost assignment, budgeting, management control, and performance evaluation. In so doing, the seminar pushes delegates to understand the cause-and-effect relationship among business strategy and vision, operational objectives, measures and targets, as well as advanced performance measurement and reporting.

The training seminar focuses on:

  • Master the finance and accounting jargon to understand business processes
  • Cost analysis for budgeting purposes and decision making
  • Financial and operational measures to support the budgeting process
  • Best practices to manage organizational performance
  • Link strategy to costing and performance evaluation

Objectives

  • Understand the finance and accounting jargon
  • 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

Training Methodology

The seminar will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each tool in an operations environment. Each learning point will be re-enforced with practical exercises. Difficult mathematical concepts are minimized and handled in a visual way that is easy to understand with examples demonstrated.

Organisational Impact

  • Cost and budgeting awareness will be enhanced
  • Higher chances to select a budgetary system that works
  • Broadened knowledge of performance management techniques
  • Better attitude to link cost and budgeting to strategy and performance measurement
  • Deeper understanding of cause and effect relationship for budgeting purposes
  • Better awareness of non-financial implications of budgeting

Personal Impact

  • Delegates will understand the costing and budgeting methods most useful to them
  • They will understand how to construct a relevant and efficient budget
  • They will learn to evaluate the usefulness of costing techniques in accurately calculating and ensuring profitability
  • They will reinforce and expand their knowledge by linking budgeting to strategy and performance measurement
  • They will broaden their understanding by linking financial and operational issues

Who Should Attend?

  • 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

SEMINAR OUTLINE

DAY 1

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
  • Video, Examples & Discussions

DAY 2

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
  • Case study

DAY 3

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
  • Video, Case Study and Examples

DAY 4

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

DAY 5

Measuring Corporate Performance: The Balanced Scorecards and Six-Sigma

  • Broadening performance measurement systems
  • The key role of customer satisfaction and business process re-engineering
  • Beyond budgeting: integrating financial and non-financial issues
  • Introducing the Balanced Scorecard
  • The key perspectives
  • Introducing the Strategy maps
  • Introducing Six-Sigma
  • Video, Case Study and examples

Quality Logo

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

 

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.



© 2017. Material published by GLOMACS shown here is copyrighted.
All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Print Logo
P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae


© 2017. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

DMCA.com Protection Status

Send to Colleague

© 2017. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.





Sending your message. Please wait...

Send Successfully

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Print Page

© 2017. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.






Sending your message. Please wait...

Close

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Download PDF

© 2017. Material published by GLOMACS shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.






Sending your message. Please wait...

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Download Training Calendar


Trusted by

ABDUL LATIF
ADCO
ADDAX
ADDC
ADIA
ADMA
AL KHAFJI
CHEVRON
CMA
LLOYD REGISTER
MARIF
MOBILY
OMIFCO
PDO
PETRO RABIGH
Qatar Foundation
qatargas
RasGas
Riyad Bank
SAUDI FOOD & DRUG
SHELL
STC
TADAWUL
TOTAL
TRANSCO
BAPCO
Qatar Petroleum

View all Clients

Want to stay in touch with what's happening in Glomacs?
Join the conversation on our social media channels:

Facebook Twitter LinkedinYouTube