Finance and Accounting courseThis is a two-day course, which can be held at any time, even on weekends to make it easy to get attendance of the appropriate people. You can use company premises. You decide the classroom size and those you want trained. The course combines lectures and syndicate work.On this course, the manager learns how to make financial pro-formas; to understand financial jargon; to cope with financial planning, budgeting; and to make investment decisions effecting the development of his part of the business. You need to know what is required to satisfy the people who actually finance your job - the investors in your company - and secondly, you need to understand and argue your business case with the financial people within your organisation."
Why is this course important?This is one of four courses required for any person interested in investment, project or development work. Development work is more risky than operational activities since the unknown element of the work is much greater. The problem lies more in the area of making and controlling timely changes which are required to update the operations, than with the day to day routine management of the operations.We have found there is seldom a shortage of ideas or people. The problem is to get the agreement and commitment of those people actually working in, or for, the organisation to do the right things at the right time and to insure that there is adequate attention to the control and quality of the actions of people who must some how work together to carry out the purposes and objectives of the organisation. Managers are also concerned that employees don't rush off "half cocked" to make idiot mistakes which cost money and even more important lost time. It is the developmental aspect, the management of change, not the day to day operational issues which makes executive life difficult. Most organisational problems and difficulties arise from the need to make changes. Underlying all such developmental decisions lies the financial aspect of the proposal or plan, which everyone who is involved should be able to both understand and to actually “run the numbers”. Of the four basic skills required to successfully cope with developing an organisation -- Planning, Estimating, Organisation design, and Finance--Finance is the most important and often the least understood. This course is designed to make anyone fully competent not only to understand finance, but to read operating statements and balance sheets, and to actually create estimated financial pro-formas for any project. The course spends one day on the language and understanding of accounting and finance and the second day working on a specific start up company to make a financial and business plan. The case example requires the student to use ratio’s and a calculator to calculate a 5 year financial statement and a balance sheet for this start up company and then successfully answer the following questions
|