An Intensive 5-day Training Course
The Effective Accountant
Building Financial Accuracy and Professional Excellence
CLASSROOM DATES
INTRODUCTION
The modern day accountant works in an environment of continuous change. Their role has become more challenging by globalization and advancing technology and competition, which has created a worldwide marketplace with a new level of competitiveness for every business and improved and cheaper technology.
An effective accountant communicates the story effectively and accurately about what has happened in a business to the users of financial information, as well providing useful and relevant information, so that these users may make effective informed decisions.
In this EuroMaTech training course you will learn:
- How to be truly a modern day Entrepreneurial Accountant
- How to use analytical tools to enhance business decision making
- 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
TRAINING 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
WHO SHOULD ATTEND?
- Accountants and Finance Professionals
- All Employees working in a financial environment wanting to enhance their skills
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.
TRAINING SUMMARY
This EuroMaTech training course is about taking the finance professional and would be accountants to the next level, the developing role of the accountant and finance professional in the business and encouraging them to address how they may make an effective contribution to the management of the business.
This EuroMaTech Effective Accountant training course challenges participants to identify areas for increasing their involvement in the management of the business with a view to continuous improvement within their organisation.
TRAINING 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
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at [email protected]
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us [email protected]
