/  Accounting, Decision Making, and Financial Communication
Pay Attention Please ! The course location "Champs Elysees" is subject to availability . We may change the course location if there is no availability and we will let you know about the location changing directly if it changes. The exact course time will be clear before one week prior to course start date.
BMC Training provides on 14 Oct 2018 Accounting, Decision Making, and Financial Communication course [Finance , Accounting and Budgeting] in Paris,France

Intorduction

This course will provide a comprehensive illustration of how accounting information is collected, recorded, how it is analysed and presented both internally and externally, to support effective management, control, and decision making. This is important because key personnel in an organization use accounting information which is often said to be the ‘language of business’; hence it is essential to understand and to be able to use this language.

This course will also introduce delegates to the systems and structures of financial and management accounting and their value in ensuring the success of the business. Delegates will be exposed to, and enjoy an ‘MBA Level’ experience in terms of content, instruction, discussion, and team exercises.

This course will feature:

  • The finance function, and financial and management accounting systems
  • The income statement, balance sheet, and cash flow statement
  • How to accurately determine product or service costs
  • Accounting techniques for effective decision making
  • Using budgets to control the business

Objectives

  • Members of the operational management team
  • Managers who have responsibility for divisional performance
  • Managers who have responsibility for support functions
  • Consultants who provide advice on systems and operations
  • Senior staff members of any department

Content

Day One

Introduction to Accounting

  • The importance of accounting information
  • The role of the Finance Function
  • The accounting equation and financial accounting systems
  • Recording facts and applying judgement
  • Preparing the Income Statement and Balance Sheet
  • Accounting principles and accounting standards

Day Two

Accounting Reports

  • The format and contents of the Income Statement
  • The format and contents of the Balance Sheet
  • The effect of depreciation and impairment on profit
  • Identifying and valuing inventory
  • Preparing the Cash flow Statement
  • The importance of cash flow in business

Day Three

Management Accounting for Control and Decision-Making

  • Collecting and analyzing costs
  • The structure of direct and indirect costs
  • Dealing with overheads – absorption costing or ABC?
  • Cost-Volume-Profit and break even analysis
  • Decision making – make or buy
  • Decision making – the effect of limiting factors

Day Four

Communicating the plan through Budgeting

  • Corporate planning and corporate objectives implemented through budgeting
  • The budgeting process and timescale
  • Sales budget forecasting techniques
  • Cascading the budgets across the whole business
  • Preparing functional budgets and the cash budget
  • Budgeting principles, methodologies and applications

Day Five

Measuring performance to inform Decision Making

  • Monthly management reporting
  • Setting and using standards
  • Identifying and calculating variances
  • Operating and planning variances – who is responsible?
  • Measuring responsibility centre performance, ROI, RI, and EVA
  • Non-financial performance – the Balanced Scorecard



Related Training Courses

Course Details
  • Code FBA109
  • Start 09:00 AM - Oct 14 2018
  • END    12:30 PM - Oct 18 2018
  • Paris , Champs Elysees
  • +44 2087206971
  • Training@bmc.net

Fees Per Person

5400 GBP + VAT
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