Course Description

Several administrators and senior manager have heard that accounting is the language of business, yet have not taken the chance to become basically literate. This course offers the accounting language in a planned process. This training will also provide a broad illustration of how accounting information is collected, documented, how it is evaluated and presented both internally and externally, to support effective management, control, and decision making. By merging procedures, analysis, problems, and examples with real case studies the training provides delegates with key cost awareness and budgetary skills, which is vital in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

Course Objectives:

By the end of this training, participants will be able to:

• Communicate and question financial data effectively
• Illuminate the difference between profit and cash flow
• Prepare income statement, statement of financial position and cash flow statement
• Recognise the content of and relationships between financial statements (income statement, balance sheet, and statement of cash flow)
• Recognise discounted cash flow methods and their application to financial decision making
• Deduce cost performance and its impact on product costing

Who Should Attend?

• Operations
• Technical
• Administration
• Procurement
• Planning
• Sales & marketing
• Research & Development
• Senior staff members of any department
• Consultants who provide advice on systems and operations
• Members of operational management team

Delivery Method:

• Discussion method
• Case study and exercise
• Role play
• Lecture

Venue:  

Fee: 

Duration: 1 Week

Date: February 7th – 11th, 2022