Day1
The Accounting Process - From
Transactions To Financial Information
-    The accounting records
-    Income  vs  expenditure
-    Assets vs liabilities
-    The basic interaction between the financial statements
-    The world of accounting (brief overview)
-    Capital vs revenue expenditure
-    Other terminology and jargon
-    Case study - Tesco plc
-    An Applied Review Of A Set Of Financial
-    Statements Which Will Develop Key Accounting
-    Concepts And Balances
Balance Sheet
-    Intangible assets
-    Tangible assets
-    Current assets
-    Prepayments
-    Cash
-    Provisions
-    Accruals
-    Liabilities
-    Share capital and reserves
Profit And Loss Account vs Balance Sheet
-    The categorizations within
-    The inter-relationship
-    Depreciation
-    Taxation
-    Revenue recognition
-    Case Study: Tesco plc - Navigating Around An Annual Report
The Annual Financial Statements
-    Why they are produced
-    Contents
-    What to look for
-    What they don't show
Day 2
The Accounting Rule Book
-    Why?
-    Accruals
-    Prudence
-    Substance
-    True and fair
-    Materiality
The Driving Force Behind Financial Information
The Users Of Financial Information And Their Different Needs
Meeting Those Needs
-    The role of the finance function
-    Different types of accountants
-    Financial accounting vs management accounting
-    The Mechanics Of Financial Statement Preparation
-    Double Entry Bookkeeping
-    Basic entries
-    rial balance
-    Extracting basic financial  statements
-    ¢Group Exercise I
-    Constructing a set of financial statements
-    ¢Group Exercise II
-    Constructing a set of financial statements Analysis Of The Financial Statements - applied to the previous group exercise
Analysis Of The Profit And Loss Account
-    Profit margins
-    Return on capital employed
-    Asset turnover
-    EBITDA
-    Interest cover
-    EPS (basic)
-    Dividend per share (basic)
Analysis Of The Balance Sheet
-    Liquidity
-    Gearing
-    Working capital
Day 3 Calculating And Analysing Ratios For Tesco plc
The Cash Flow Statement
Double Entry Bookkeeping
-    Cash flow and cash management
-    Cash vs profit
-    Cash flow statements - the relationship with  other financial information
-    ¢Group Exercise:
-    Analyzing Accounts To Identify Cash
-    Movements
Deriving A Cash Flow Statement
-    Reconciling profit to cash flow
-    Constructing a cash flow statement
¢Group Exercise:
Producing Basic Cash Flow Statements
Analyzing A Cash Flow Statement
-    Working capital management
-    EBITDA convertibility
-    Cash based interest cover
-    Free cash flow - what is it and how can we
-    use it?
-    ¢Group Exercise:
-    Analyzing Basic Cash Flow Statements
Day 4
¢Group Exercise:
-    Analyzing The Tesco plc Cash Flow Statement
-    Examining Accounting Problem Areas
-    Investigating Problematic Areas Of The Financial Statements
-    Provisions
-    Leasing  
Group Exercise:
Leasing
-    Capitalization of interest
-    Capital and reserves
-    Capital maintenance
-    Net debt
Introduction To Management Accounting Costing - Essential Tools For Effective Management
-    Direct vs indirect costs
-    Labour cost and learning curves (how to
-    calculate a learning effect)
-    Fixed vs variable costs
-    Overheads
-    Allocation, apportionment and absorption
-    ¢Group Exercise:
-    Overhead Allocation
-    Break even analysis
-    Ensuring fixed costs are covered
Planning And Budgetary Control
-    Financial vs management accounting
-    Expectations of management accounting and
-    what can be done  to improve the information flow
-    Purposes of budgets
-    The links with the strategic plan and culture
-    Budgets as motivators
-    Types of budgets (eg. zero / priority based budgets)
-    Methods of budget preparation and the budget cycle
-    Post-budgeting review
-    Variance analysis, how and why it is performed
Day 5 Project Appraisal - The Investment Decision
-    Return on capital employed
-    Why it's used, what it tells us and its limitations
-    Payback period and short-termism
-    Discounted cash flows (DCF), net present value (NPV) & internal rate of return (IRR)
-    ¢Group Exercise:
-    Investment Appraisal And Maximising Gains
-    The cost of capital
-    Weighted average cost of capital
-    Managing capital structure
Introduction To Company Valuation
Company Valuation
-    Why value a company?
-    What drives value?
-    How to value a company - two  main methods
-    Comparable companies
-    Discounted cash flow valuation
-    Basic CAPM
-    Case study - Valuing Tesco plc
-    Review Of The Last Five Days And Open
-    Discussion
-    Close Of Course