Event Overview An Executive Overview of Finance, Accounting, Costing and Budgeting. Sound financial management skills are essential for your business career , your success and survival in business . It is no accident that most successful business leaders have a good understanding of the principles of finance. Survival and growth in the early stages of a project depends on careful financial planning and control. And conversely, one of the most common reasons for business failure is a breakdown in the basics of financial discipline and control. This course addresses the core skills in finance, accounting, budgeting and costing which all managers require for effective contribution to organizational performance. The lecturer uses many examples, stories, case studies and videos to illustrate the principles of finance and accounting with practical, real world examples.

Download PDF Brochure June 24-26, 2007, Dubai Event Overview Who Should Attend Benefits of Attending Seminar Outline About the Seminar Leader Venue and Pricing Register

Who Should Attend

• Executives from all disciplines who need to understand financial reporting, financial measurement, business budgeting and costing terms and techniques.
• Directors, Managers, Supervisors and Accountants who require an overall review and understanding of financial reporting and measurement.
• Executives who need to set up a reliable budgetary control system or who have to monitor the budgeting and costing carried out by their colleagues
• Executives who have to plan, cost and budget new business ventures.
• Managers and Supervisors from every business discipline and department who have to run departments and plan, cost and budget during their business lives.
  

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Attend this participative seminar and learn:

• The meaning of financial statements - what do they reveal and hide?
• The art of reading management accounts - what lies behind the numbers?
• Accounting standards - why they exist, what they are and what they attempt to achieve - what happens if they are not followed?
• Why cash flow is the life blood a business and the role of line managers in improving a company's cash flow
• How businesses are valued - why there are many possible values
• How to design and install a performance management system - how is the company performing - do the figures really add up?
• Understand different types of costing and their relevance to decision making
• Managing your budget - and understanding the role and responsibility of managers in the budget process – from preparation to controlling the business
• Understand how to control overheads and how Activity Based Costing concepts can help
• When to apply Zero Based Budgeting techniques to managing departmental and operating costs
• Understand how to build sound capex and project appraisal proposals

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Day 1

0800 - 1015 : Reading financial statements – Balance sheet barrier video

1015 -1030 : Tea

1030 - 1130 : Measuring and managing for greater profitability . Return on capital employed (ROCE, ROI, RONA)

1130 – 1230 : Owners or lenders ; managing cash flow and debt

1230 - 1330 :Lunch

1330 - 1430 : Make your assets sweat – working capital management and capacity management

1430 - 1530 : Case study – using the Du Pont model

1530 - 1545 : Tea

1545 - 1630 : Learning points review , discussion of in-company applications , development of action lists

Day 2

0800 - 0900 How shareholders see a business , and how to create shareholder value. Shareholder value video – General Motors and General Electric.

0900 - 1015 : Business valuations

1015 - 1030 Tea

1030 - 1130 : Corporate governance and control ( Enron case study and video)

1130- 1230 : Business planning

1230 - 1330 : Lunch

1330 - 1430 : Capital project evaluations : preparing cash flow estimates and projections . Example of a financial model for project evaluation.

1430 - 1530 : Discounted cash flow , net present value and the time value of money

1530 - 1545 : Tea

1545 - 1630 : Learning points review , discussion of in-company applications , development of action lists

Day 3

0800 - 0900 : Costs for decision making . Break-even analysis and marginal costing. The break-even model and sensitivity analysis . Examples of business decisions.

0900 - 1015 : Performance measurement ( Balanced Scorecard video)

1015 - 1030 Tea

1030 - 1130 : Budgeting principles and practices

1130- 1230 : Exercise : Analyzing Budget reports

1230 - 1330 : Lunch

1330 - 1430 : Zero base budgeting and cost management

1430-1530 : Costing and Activity based costing

1530 - 1545 : Tea

1545 - 1630 : Learning points review , discussion of in-company applications , development of action lists

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John Stretch

John Stretch is a lecturer and management consultant , specializing in Strategy, Finance and Performance Management.

He is interested in how these topics affect one another, and how organizations try to integrate them into a single management planning and control system.

He consults and runs workshops on Value Based Management, Strategy, Rolling Forecasts, and Balanced Scorecards, in UK, South Africa, UAE, Kuwait, Bahrain and Internationally.

As a management consultant, he helps organizations to design world class management planning and control systems. He also facilitates strategic planning conferences, and participates in projects to investigate new business opportunities or improve underperforming businesses.

He has specific expertise at international level in strategy development, financial management, rolling forecasts, balanced scorecards and management incentives. He has worked with some of the largest companies in the fields of Retailing, Energy, Financial Services and Mining.

After qualifying as a Chartered Accountant in 1973, Mr Stretch was a financial manager with a major manufacturing organization. Thereafter he was a partner in the management consultancy division of Ernst & Young until 1988 when he established his own consulting firm and pursued private business interests.

He holds a Masters degree in financial modeling and an Honors degree in Finance. He is the author of a book “How business strategy works in practice” which is available on CD-Rom.

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Venue: Crowne Plaza, Dubai, UAE

Fees: USD 1900/- per delegate

Early Bird Discounts:

Register for USD 1800/- on or before May 24, 2007 and get USD 100 OFF!

Register for USD 1700/- on or before April 24, 2007 and get USD 200 OFF!

Group Discounts:

Register 3 delegates from your organization and the Fourth goes FREE!

In-house Option:

This course can also be delivered as In-house / On-site option. Please contact us if you have a group of employees to be trained at a location of your choice.

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