Review Of The Fundamentals: Profit And Loss, Balance Sheet, Cash Flow
- Framework and regulations within both financial and management accounts
Generally accepted accounting practice and the mindset of scorekeepers
Basic Business Economics Revisited
- Cash flow versus profitability
- Fixed, variable, direct and indirect costs Break-even analysis - historic and predictive
Market Economics
- Impact of economics on financial markets
- Understanding impact of economic statements
- Understanding effects of political events on markets
Review Of Relative Financial Performance
- Examination of up-to-date comparative financial performance studies, surveys
- Comparison of financial statements - profit and loss, balance sheet and cash flow
- What financial indicators to look for in customers, and how to manage problems identified
Review Of Current Financial Issues
- The financial issues and dynamics underlying the selling of various services
- Managing the eternal triangle of price, volume and market share
- Pricing and costing - setting selling price, estimating volumes, coping with price sensitivity and elasticity of demand
Financial Analysis And Evaluation - Business Planning, Budgeting And Financial Reports
- Overview of environmental analysis, competitor analysis and strategy development
- An examination of budgets as a breakdown of the strategic plan into manageable interactive activities
- Their use, content and role as part of the planning and control process
- Review of financial reports as a reflection of the
- Financial Analysis And Evaluation Cost Planning And Management
- Traditional analysis of cost structure into fixed and variable cost and the significance of this classification in planning
- The role and limitations of contribution and break-even analysis in short term planning and decision making
Financial Analysis And Evaluation - Cost Planning And Management (Total Costing)
- Examination of standard versus activity based costing and the implications for planning and decision making
- Understanding the implications of casual analysis of cost and identification of cost drivers to cost planning and management
Cash And Treasury Management
- What determines corporate structure and how it links to financial structures
- Role, function and activities of treasury functions
- Cash flow problems
- Practical tips for better cash flow management
- Cash management within profit, cost and investment centered organizations
- Pros, cons and pitfalls for the unwary
- Dealing with the shifting emphasis from an income to a cash measured business
- Within joint ventures managers are required to control cash as well as income issues
- Need to establish what the cash/working capital situation would be if a joint venture was a new entity rather than a carryover from both parents
- How to manage the critical topics of cash and working capital
- Advantages and disadvantages of managing a business entirely on income results
- Advantages and disadvantages of managing entirely on cash and the strategic impact if this is not managed correctly
Budgeting
- The traditional approach of rigid annual budgets, standard costs and corresponding variance analysis versus the modem approach of rollingforecasts linked to continuously updated standard costs; what are other businesses doing at the "cutting edge" of budgeting?
- Links from budgeting to cash flow forecasting, project appraisal and management information
- What is the impact on a marketing plan if cash and income focuses are not correctly balanced
- What directors need to consider and do differently when managing a business that focuses on cash flow rather than just income
- Projecting cash requirements
Other Performance Indicators
A formalized approach to improving management information, the current shift from the traditional P&L with cost and variance analysis to specifically formulated and targeted information; how to create your own specific KPIs, selective/segmented and non-financial performance indicators.
- Towards a more "Balanced Scorecard" approach of holistic management information
Business Finance
- Business vehicles
- Financing Needs and Techniques
- Debt and Equity finance
- Accessing Stock Markets
Managing and Marketing Financial Services and Products
- Managing professional staff
- Organizational issues and strategies
- Marketing and brand issues
- Business development
- Understanding individual client needs