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Budgeting & Accounting

Financial Statements Preparation and Analysis

Introduction

Financial Statements are the language of business indicating:

  • The areas of profitability and loss
  • The cash flow position both sources and uses
  • The assets and liabilities
  • The financing of the business equity or debt
  • The value of the business

Financial Analysis enables you to analyse and evaluate financial statements to:

  • Assess past performance
  • Identify business Strengths, Weaknesses, Opportunities and Threats
  • Improve Decision Making
  • Implement and Evaluate Performance Measures
  • Aid the Strategic Planning Process

Those attending will leave with the skills required to both prepare and analyse financial statements to evaluate past performance and improve future financial performance profitability and cash flow.


Objectives

By the end of this course participants will learn:

  • Be able to Prepare Financial Statements.
    • Income Statement
    • Balance Sheet
    • Accompanying notes
    • Cash Flow Statement
    • Cash Budgets
    • Develop an understanding of the role and responsibilities of financial analysis and management as part of the Strategic Planning Process
    • Be able to identify the key success factors critical factors in their industry division
    • Understand the limitations of Financial Analysis
    • Be able to assess past performance
    • Identify Strengths, Weaknesses, Opportunities and Threats
    • Improve Decision Making relating to future:
      • Divisional Individual Performance
      • Capital Expenditure
      • Investment Opportunities
      • Implement and Evaluation Performance measures
      • Aid the Strategic Planning Process
      • Evaluate future market competitive trends using porter’s analysis
      • Be able to value businesses and evaluate analyse business valuations based on asset, earnings, and market evaluations

Target Audience
  • Those responsible for the preparation of financial statements
  • Managers and those with accounting and financial responsibilities
  • Financial decision makers, whose techniques of decision making, and analysis will be improved through attendance
  • Professionals acting upon the financial decisions of others, who will gain an appreciation for decision making thereby ensuring shared values within the organisation
  • Analysts whose role involves evaluating and identifying market and competitive trends

Budgeting & Accounting Outline

The course will cover the following topics:

Preparing Income Statements and Balance Sheets together with accompanying notes

  • Preparing Financial Statements:
    • the Profit and Loss Account (Income Statement).
    • the Balance Sheet
    • accompanying notes
    • Key Elements Defined and Explained
      • Profit
      • Revenue and Capital Expenditure
      • Assets - Fixed and Current
      • Liabilities - Current and Long-term
      • Reserves - Capital and Revenue
      • Working Capital
      • Net Worth
      • An introduction to IFRS, International Financial Reporting Standards
      • Annual Reports and Accounts
      • Book Value versus Market Value

 

Preparing Cash Flow Statements and Cash Budgets

  • Profit and Cash what is the difference?
  • The Cash Flow Cycle
  • Working Capital Analysis and Management
  • Cash Flow Statements
    • Preparations
    • Roles
    • Interpretation
    • Cash Budgets
      • Preparation
      • Role
      • Interpretation
      • The Analysis of Financial Statements

 

The Role and Methods of Financial Analysis

  • Financial Analysis as part of the Strategic Planning Process
  • The Role and Responsibilities of Financial Analysis and Management
    • Identifying key success factors in your industry sector
    • Financial review compared to targets and expectations and Variance Analysis
    • Financial performance measurement systems
    • Methods of Financial Analysis
      • Common Size Statements
      • Trend Analysis
      • Ratio Analysis
      • Du-Pont Analysis
      • Z scores
      • Investment Ratios
      • Cash flow Analysis
      • Peer Group Industry comparison
      • Sensitivity and Scenario Analysis
      • Establishing the need for both Financial and Non-Financial Analysis
      • Non-Financial Analysis
        • SWOT Analysis
        • LE PESTE and Co Analysis
        • Porters Analysis
  • Techniques and Models Combining Financial and Non-Financial Analysis

Analysing and Evaluating Financial Performance

  • The Analysis and Evaluation of various Case Studies using Excel to:
  • Assess past performance
  • Identify Strengths, Weaknesses, Opportunities and Threats
  • Improve Decision Making relating to Future
    • Divisional and Individual Performance
    • Capital Expenditure
    • Investment Opportunities
  • Implement and Evaluate Performance Measures
  • Aid the Strategic Planning Process

Valuation and Business Performance

  • Definitions of Value
  • Methods of Business Valuation
    • Asset Based
    • Earnings Based
    • Market
  • Value to the Investor
  • Managing for Shareholder Value
  • Creating Value in Restructuring and Combinations
  • Business Valuation for Merger and Acquisition
  • Business Restructuring and Reorganizations

  
  

Ref Location From To Cost
BA12 Kuwait 12-9-2021 16-9-2021