Course Outline

Course Outline

The 5-day Finance & Accounting Mini-MBA

Ref No. Dates Venue Fee (US$)  
FI 005 01 - 05 Jul 2019 Geneva 5000 Register
FI 005 05 - 09 Aug 2019 California 5500 Register
FI 005 14 - 18 Oct 2019 London 5000 Register
FI 005 02 - 06 Dec 2019 New York 5500 Register

The 5-day Finance & Accounting Mini-MBA

Introduction

Finance is a core process/function in business that requires executive attention. Accounting is the language of business; understanding and applying this language to your business in general remains the single most valuable competence of management. Professionals need to enhance their personal competence in identifying best practices in finance and in accounting, to benchmark financial and analytical skills in a complex and changing environment.

PROCLAD Academy’s 5-day Finance & Accounting training course, based on Mini-MBA concept, focuses on world-class companies and their finance function and accounting processes to show participants which elements have achieved best practices status, enabling them to remove much of the mystique associated with the management of finance and accounting.

The key features of PROCLAD Academy’s 5-day Finance & Accounting Mini-MBA training course are:

  • Testing key assumptions of managing finance and control
  • Enhance organizational networks by developing and using best practices
  • Identify and implement best practices in finance and accounting
  • Enhance best practice financial management principles
Learning Objectives

Participants on PROCLAD Academy’s 5-day Finance & Accounting Mini-MBA training course will be able to:

  • Identify best practices for the roles of CFO, controller, treasurer, and accountants in the content of, and relationships between, financial statements (income statement, balance sheet, and statement of cash flows)
  • Discuss best practices in the use of financial statements to evaluate the financial/strategic performance of an organization
  • Understand best practices in discounted cash flow (DCF) techniques and their application to financial decision-making
  • Identify best practices in corporate performance management using key success factors, weak financial signals, and strong financial signals in various industry sectors
  • Understand best practices in how EVA (Economic Value Added), SVA (Shareholder Value Added), and RI (Residual Income) can be used to value competing strategies
  • Define best practices in the value creation/destruction process in mergers and acquisitions from the market perspective and signals to management from the market
  • Clarify best practices in the roles of directors, auditors, and others in their respective roles in corporate governance
  • Identify best practices in the various sources of financial and business data that provide insights into business and financial strategies
  • Identify best practices in the details of financial control, risk management, and financial reporting from the perspectives of the internationally recognized professional associations
Target Audience

PROCLAD Academy’s 5-day Finance & Accounting Mini-MBA training course is intended for, but not limited to:

  • Operational management team members
  • Professionals with responsibility to provide advice on operations or strategy
  • Professionals who have responsibility for the control of risk
  • Leaders who have responsibility for divisional performance
  • Anyone who wishes to reinforce their knowledge of financial and accounting function/processes
Training Methodology

PROCLAD Academy’s 5-day Finance & Accounting Mini-MBA training course is a carefully planned mix of succinct tutor input, practical illustration of tools and concepts, group work on case studies, feedback, and selective work on individual issues. The training process is based on the systems to enable complete learning.

Since many of the examples are in Excel®, delegates need to bring their own laptop for this training course.

Course Outline
  • The role of financial management – CFO, Treasurer, and Controller
  • The role of functional management in respect to financial management
  • The basic financial statements and their articulation
  • Evaluating performance and why ROI is still a good place to start
  • Competitive perspectives related to financial statements
  • Best practices in preparing, presenting, and populating financial statements
  • Identifying key success factors in industry sectors
  • Deriving lessons learned from Day 1
  • Short-term success evaluations process and measures
  • Weak signals for future strategic adjustments
  • Buy, sell, or hold investments
  • Best practices in financial review compared to targets and expectations
  • Financial performance measurement systems
  • Best practices in finding and using key accounting assumptions
  • Compare business system to financial results
  • Deriving lessons learned from Day 2
  • Best practices in annual reports using GAAP, IFRS, or other standards
  • Role of exchange commissions and social policy
  • Best practices in reconciling accounting standards and reporting
  • Best practices in examining corporate governance and shareholder value as well as stakeholder value
  • Benchmarking external reviews, industry reports, and analyst reports
  • Best practices in boards of directors and their move to financial literacy
  • Benchmarking shareholder value measures
  • Deriving lessons learned from Day 3
  • Best practices in asking financial managers to guide the understanding of an industry sector with ratios and other financial statements
  • Benchmarking treasury management – cash, FOREX, working capital, and CAPEX
  • Best practices in controllership – planning, control, costing, and profitability
  • Benchmarking value creation from the controllership function
  • Finding best practices in non-financial inputs to financial statements
  • Learning best practices for the cash to capital to cash (Karl Marx) and how to leave an industry sector
  • Activity based costing, time-based costing, and competence based costing and financial analysis
  • Deriving lessons learned from Day 4
  • Best practices in NPV as the ultimate decision criterion
  • Benchmarking the use of real options as a next generation best practice
  • Presenting and communicating to executive audiences the best practices in finance and accounting
  • Demonstrating next generation model building
  • Challenging the finance function to best practices
  • What applications of lessons learned in Best Practices in Finance and
  • Accounting are applicable in your company and in your markets
  • Personal learning plans to continue Best Practices in Finance and Accounting