Finance & Accounting: The 5-day Mini-MBA

Finance is a core process/function in business that requires executive attention. Accounting is the language of business; understanding and applying this language to your business in general remains the single most valuable competence of management. Professionals need to enhance their personal competence in identifying best practices in finance and in accounting, to benchmark financial and analytical skills in a complex and changing environment.

This Finance & Accounting training course, based on Mini-MBA concept, focuses on world-class companies and their finance function and accounting processes to show participants which elements have achieved best practices status, enabling them to remove much of the mystique associated with the management of finance and accounting.

The important features of the Finance & Accounting Mini-MBA training course are:

• Provide opportunities for testing key assumptions of managing finance and control
• Enhance organizational networks by developing and using best practices
• Identify and implement best practices in finance and accounting
• Enhance best practice financial management principles

• Identify best practices for the roles of CFO, controller, treasurer, and accountants in the content of, and relationships between, financial statements (income statement, balance sheet, and statement of cash flows)
• Discuss best practices in the use of financial statements to evaluate the financial/strategic performance of an organization
• Understand best practices in discounted cash flow (DCF) techniques and their application to financial decision-making
• Identify best practices in corporate performance management using key success factors, weak financial signals, and strong financial signals in various industry sectors
• Understand best practices in how EVA (Economic Value Added), SVA (Shareholder Value Added), and RI (Residual Income) can be used to value competing strategies
• Define best practices in the value creation/destruction process in mergers and acquisitions from the market perspective and signals to management from the market
• Clarify best practices in the roles of directors, auditors, and others in their respective roles in corporate governance
• Identify best practices in the various sources of financial and business data that provide insights into business and financial strategies
• Identify best practices in the details of financial control, risk management, and financial reporting from the perspectives of the internationally recognized professional associations

• Operational management team members
• Professionals with responsibility to provide advice on operations or strategy
• Professionals who have responsibility for the control of risk
• Leaders who have responsibility for divisional performance
• Anyone who wishes to reinforce their knowledge of financial and accounting function/processes

The Finance & Accounting Mini MBA training course uses a range of approaches to learning, including experiential group activities, individual exercises, mini-case studies, role plays, and syndicate discussions. Formal inputs are used to introduce the underpinning theory. A key part of the learning process is sharing the differing experiences participants bring, as well as experimenting with novel and sometimes challenging techniques.

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