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Code Date Venue Fees  
FI47 17 Aug - 21 Aug Windhoek $4950 Register

Organizations are exposed to numerous risks. Risk of changing enterprise surroundings, political and technological changes and fluctuation in currency. Upskilling accounts and finance team with capability to recognize and scan and observe such risks makes the business enterprise flexible and minimizes the latent period to the risk’s faced.
In order to equip the team, with the exception of risk management core ideas, it’s essential to require a deep dive into budget analysis together with income statement, statement of changes in balance sheet and equity, comprehensive income sheet and cash flows. A centered analytical approach of balance sheet reconciliation will facilitate the team to become independent and proactive.


Who Should Attend?

Personnel working in the finance and accounts department can attend this training programme.


Course Objectives:

This Risk Management and Balance Sheet Reconciliation training programme will enable the delegates to:

  • Recognize and monitor levers or key essential control areas of working capital and carry out working capital management more efficiently and effectively
  • Carry out reconciliation of non-current and current assets and acknowledge balance sheet
  • Acknowledge problem-solving in the accounting and finance sector
  • Recognize appropriate solutions
  • Examine information to describe problems clearly
  • Ignore the decision making mistakes
  • Effectively make timely and correct decisions
  • Choose and identity solutions applicable to financial risks faced by the organization
  • Organize and strategize MIS reports and make them available to senior management for their action and review
  • Review cash flows, predict and recognize cash flow gaps in the coming month, quarter and year
  • Examine income statement and distinct types of profit reflected in the income statement
  • Effectively monitor and recognize diverse financial risks faced by the organization

Course Outline:

Introduction

  • The concept of Icebreaker
  • Overview: Housekeeping Items
  • Description: The Parking Lot

Help me Identify the Right Investment Opportunity: Reverse Role Play

  • Understanding two comprehensive income statement parameters
  • Overview of Two Balance Sheet Parameters
  • Business: The associated two most critical ratios
  • Difference between Growth Investing vs Value investing

Financial Statements objectives

  • The reason: Why are the financial statements prepared?
  • Key stakeholders: Description and overview
  • Finance: The 7 pillars
  • Associating P/ L & Balance Sheet to Cash Flows

Overview: Enterprise vs Personal Financial Statements

  • Associating Personal Financial Statement to Enterprise to recognize value creation
  • 4 Key learnings from the Exercise
  • The concept of Savings
  • Overview of Diversification
  • Understanding Liquidity
  • Overview of EMI Affordability

The concept of Value Creation in an Enterprise

  • Introduction
  • The distinct types of Profits
  • The crucial role of EBITA
  • Cash Profit vs Reported profit

Exercise: Overview

  • Recognizing Financial Statement Component Exercise

Understanding the Balance Sheet

  • Business snapshot
  • Current Liabilities, and current assets
  • Non-Current Liabilities, and non-current assets
  • Working Capital, and net worth
  • Balance Sheet: Different formats

The concept of Ratio Analysis

  • Overview of Liquidity Ratios
  • Description: Efficiency Ratios
  • Understanding Solvency Ratios
  • Analyzing Profitability Ratios

Introduction to Cash Flow Statement

  • Direct vs Indirect Approach: Cash from operations
  • Liabilities: Financing activities
  • Assets: Investing activities
  • Working capital, and income statement: Operating activities

Exercise Overview

  • Overview: Exercise on balance sheet and Income statement
  • Description and Exercise on template creation of Ratios and Ratio Calculation

Introduction to Working Capital Management

  • Working Capital: Definition
  • Overview: Net vs Gross Working Capital
  • Operating Cycle: Concepts
  • Key Control Areas of Business: Identification
  • Understanding Working Capital Management: Risk vs Profitability vs Liquidity
  • Working Capital Management: Components vs Time
  • Long Term vs Short Term Approach: Financing working capital
  • Description: Liability vs Asset structuring decision for finance manager

Introduction to Risk Management

  • Risks in Business: Identification
  • Risk analysis and measurement
  • Risk measurement techniques
  • The concept of Arriving at Risk-Adjusted Return
  • Financial risk management: Strategies

Overview of Exercise

  • Description: Exercise on allocation of Cash flows to Working Capital
  • Analysis exercise and risk identification

Introduction to Budgeting and Forecasting

  • Description: Identifying Break Even
  • The concept of Budgeting for Future
  • Budgets types
  • Difference between Budgeting and Forecasting

Overview: Balance Sheet Reconciliation

  • Description: Reconciling for Consolidation
  • MIS: Preparation
  • MIS Analysis
  • Reconciliation: The key flag areas

The concept of Planning & Organizing

  • Introduction
  • Follow-Up Analysis
  • Assessment
  • Summary

General Notes

  • All our courses can be facilitated as Customized In-House Training course.
  • Course duration is flexible and the contents can be modified to fit any number of days.
  • As for Open Enrolment Courses, we offer our clients the flexibility to chose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
  • The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
  • FREE Consultation and Coaching provided during and after the course.
Note
Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.
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