You will learn about the accounting processes of recording and reporting business transactions, and how these are summarized as periodic financial reports in accordance with statutory requirements. You will also learn how these financial reports are analyzed by a variety of user groups. This course also has an inward focus and will explain why management accounting is essential to business survival, and success. It will show how budgeting can control costs and improve profitability. It will explain and develop tools and techniques for evaluating proposed new investment projects. Lastly, this course will enable you to understand the business from both a financial and strategic perspective, and how business decisions will impact on corporate profitability.
What you’ll learn
- More knowledgeable about accounting and finance systems, and the meaning of financial statements & reports
- Better informed financially, to enable improved executive decision-making
- Better able to contribute to financial discussion, and communicate in financial language
- Better able to contribute to the effective financial management of their organization
- Able to evaluate alternative courses of action and identify the most effective choices with regard to the future improvement of their organization
- Able to liaise more effectively with departments on financial matters
Requirements
Candidates must;
- Be proficient in English Language
- Have access to either a computer or smartphone with internet connectivity
- Be equipped with quality webcam and headphones
Duration & Fees
- Regular – 8 Weeks – ₦150,000
- Fast-Track – 6 Weeks – ₦225,000
Program Dates
- August – October, 2024
- October – December, 2024
- February – April, 2025
- May – July, 2025
Curriculum
- 5 Sections
- 35 Lessons
- 10
- Module 1: The Business & Financial Environment6
- Module 2: Financial Statements & Financial Analysis for Executive Decision Making6
- 2.1Corporate financial information: – Internal & external
- 2.2The key elements of published annual financial reports
- 2.3Financial statements analysis to evaluate financial performance to improve liquidity, profitability, & efficiency
- 2.4Working capital management
- 2.5Cash flow statements and calculating free cash flow
- 2.6Predicting business failure with ratios and other key indicators
- Module 3: Strategic Financial Decision Making11
- 3.1Financing the business – Why and when?
- 3.2Financing principles, short-term vs. long-term, debt vs. Equity
- 3.3Sources and types of finance
- 3.4Determining the cost of long-term finance – The cost of capital models:
- 3.5Cost of Equity (Ke) – Dividend Valuation Model
- 3.6Cost of Equity (Ke) – Capital Asset Pricing Model
- 3.7Cost of Debt (Kd)
- 3.8Weighted Average Cost of Capital (WACC)
- 3.9Review of external growth strategies
- 3.10Mergers, acquisitions and joint ventures
- 3.11Review of restructuring strategies: Demergers, spin-offs, unbundling, MBO, MBI, BIMBO
- Module 4: The Executives Role in Capital Investment6
- 4.1The capital investment process
- 4.2Basic appraisal techniques – ARR and Payback
- 4.3Why you should consider the time value of money?
- 4.4Discounted cash flow appraisal techniques – NPV and IRR
- 4.5Practical issues to consider in NPV appraisal – Inflation, Capital Rationing, Risk and Uncertainty
- 4.6Managing risk & uncertainty
- Module 5: Executive Management & Control of Budgets6
- 5.1The purpose and importance of budgeting
- 5.2Different budgeting models – Are They Relevant for Your Business?
- 5.3Preparing, negotiating & implementing the budget
- 5.4Controlling the budget
- 5.5Variance analysis
- 5.6Using budgets to aid decision making: Cost / Volume / Profit (CVP) analysis & break-even analysis
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