The Effective Accountant Seminar

Ref	FI 520	FI 332	FI 560
Dates	10 - 14 October 2010	12 - 16 June 2011	20 -24 November 2011
Venue	Dubai	Dubai	Dubai
Fees	US$ 3850	US$ 3850	US$ 3850
CPE Credits	30	30	30

INTRODUCTION

The modern accountant works in an environment of continuous change. Their role has been irrevocably changed by globalisation, which has created a worldwide marketplace with a new level of competitiveness for every business, and improved and cheaper technology, which has made the recording, processing and reporting of financial information less expensive.

Today’s effective accountant communicates a story about what has happened in a business to the users of financial information, so that these users may make decisions on the efficient allocation of resources. The users may be the internal management of the business or others outside the business who have a need to understand developments within it. In this programme you will learn:

Where the information to tell the story comes from
How this information is assembled into a meaningful story
How to use analytical tools to enhance the story
How the information you provide can lead to effective resource allocation
How financial information may be used for predictive purposes
How recent change has affected information flow and decision making tools

WHO SHOULD ATTEND?

Beneficial to all employees working in a financial environment and anyone who wants to gain an insight into the role of an accountant, or who aspires to this position as part of their continuing development

PROGRAMME OBJECTIVES

Understand the sources of information in the business
Examine how this information is organised, classified and presented
Utilise effective analytical tools to understand the business
Participate fully in the management of their business
Critically review the financial and other management systems of their business
Understand how change has impacted the role and effectiveness of the accountant in business

TRAINING METHODOLOGY

You will learn by active participation during the programme through the use of exercises, case studies, questionnaires, syndicate and group discussion, and discussions on "real life" issues in their organisations.

PROGRAMME SUMMARY

The programme examines the developing role of the accountant in business and encourages participants to address how they may make a contribution to the effective management of the business. The programme challenges participants to identify areas for increasing their involvement in the management of the business with a view to continuous improvement within their organisation.

PROGRAMME OUTLINE

DAY 1 - Accounting is an information system

Sources of information
Users of financial information
Users requirements for information
Information flow in a business
Quality of information
Differences between financial and management accounting

DAY 2 - Financial Reporting

Internal and external reporting
What the Income Statement tells us about profitability
What the Balance Sheet tells us about financial strength
Purpose and use of the Cash Flow Statement
Using financial ratios to enhance our understanding
Employing other financial analysis techniques
Interpreting results and making comparisons between businesses

DAY 3 - Management Reporting

The emphasis on the customer and the external environment
Developments in Management Accounting and Reporting
Timing and accuracy of data collection and reporting
Benchmarking
The balanced scorecard

DAY 4 - Planning, Budgeting and Forecasting

The relationship between long and short-term planning
Strategic planning
Use of budgets for managing resources
Preparing a departmental budget
Basic forecasting techniques

DAY 5 - Product Costing

How we classify costs and set standards
Different costing methods used in business
- Absorption costing
- Standard costing
- Activity-based costing
Comparing actual performance with the budget

To Register on this seminar, please click here