Accounting, Financial Communication and Decision Making
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Course Details
- Introduction
- Objective
- Who should attend
- Course Location
Financial communication occurs as a part of public relations and is aimed at present and potential shareholders and investors. The purpose of this form of communication is to support and above all to strengthen the company's stock market value and prospects, but also its credibility to shareholders and investors.
This is important because key personnel in an organization use accounting information which is often said the ‘language of business’; hence it is essential to understand and to be able to use this language.
This course will introduce you to the language of accounting and financial business, financial communication and decision-making. It will provide a comprehensive illustration of how accounting information is collected, recorded, how it is analyzed and presented both internally and externally, to support effective management, control, and decision making.
The course will introduce various tools for conducting financial analyses that will support management decision-making. There will be an emphasis on the relevance of each tool in the context of decision-making and assumed objectives. The 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.
Course Outline
An introduction to Accounting
- What is accounting?
- What forms can accounting take
- Definition and importance of profit
- Decision scenarios explored
- Funding business operations
- Who is interested in profit?
- Cash vs. Accrual accounting
- Cash flow forecasting and improvement
- The significance of accounting data
- The job of the Finance Function
- The accounting equation and financial related accounting systems.
- Reporting facts and applying judgment.
- Preparing the Income Statement and Balance Sheet.
- Accounting standards and bookkeeping benchmarks.