Best Practices in Financial Analysis, Planning & Control

Financial accounting is the basic means of recording and reporting financial information in a business. It is important to understand the framework and fundamental of finance, planning & control in the context of how accounting fits into the overall business environment of contemporary society. Accounting function plays a critical role in information development and communication system that supports economic decision-making and provides value to entities and society.

Participants will discover the uses and limitations of financial statements and related information and apply analytical tools in making both business and financial decisions. Topics examined include those related to the corporate financial position, operating results, cash flows, and financial strength. This Financial Analysis Planning & Control course provides an overview of the essential tools and the skills to build excellent standards into your budgeting, performance measurement & reporting system, looking at new and best practice techniques.

By attending this Best Practices in Financial Analysis, Planning & Control training course, delegates will be able to:

• Explain basic financing concepts, terminology, principles, processes and procedures that govern how the financial statements are prepared
• Know the importance of accounting in running businesses.
• Explain the components of an annual report.
• Understand how financial information can be used to analyse business operations and make economic decisions
• Effectively prepare balance sheets and income statements.
• Analyse a set of financial statements to evaluate the business- financial health.
• Differentiate the financing options available to a business and situations where each might be used.
• How to prepare and implement advanced planning and control techniques into your budgeting process
• Know how to integrate the budgeting process with the development of the company’s long-term strategic vision
• Know how to provide a decision support structure that provides timely and useful information to decision makers
• Develop ways to increase profitability and performance through streamlined planning and reporting

This PROMISE Best Practices in Financial Analysis, Planning & Control training course is suitable for a wide range of professionals includes:

• All Professionals with financial responsibility
• Managers seeking to develop their understanding of the planning & controlling methods
• Financial officers, controllers, accountants and business consultants
• Corporate governance directors and corporate compliance officials
• All professionals responsible for budget preparation and management reporting
• Anyone with direct planning and budgeting responsibility

This interactive seminar will comprise a range of learning activities, including tutor presentations, with the question and answer opportunities, demonstration and practice of analytical techniques, group exercises, and discussions, using case studies and market information sources. While the theoretical background to financial management will be explained and justified; the main emphasis will be on putting these into a real-world context by providing a practical -toolkit- of financial techniques.

Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.