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Financial Analysis, Modelling & Forecasting Course

INTRODUCTION

In the globally competitive world of the 21st century business decision-makers face unprecedented levels of risk and uncertainty - to survive and flourish in this challenging environment organizations need the right tools with which to analyses problems and anticipate and manage the many opportunities and threats that may emerge.

Traditional forms of financial analysis and forecasting no longer meet these needs and the most progressive firms are using the power of financial models to help them analyses the challenge and take a more powerful approach to manage risk in their planning and forecasting. 

DURATION

5 Days

WHO SHOULD ATTEND?

  • · Finance Professionals
  • Budgeting and Planning Managers
  • Commercial Managers
  • Divisional Managers
  • Purchasing and Supply Chain Managers
  • Project Managers

COURSE OBJECTIVES

At the end of this IRES training seminar, you will learn to:

  • Appreciate the importance of the accounting and finance function
  • Understand accounting for routine business transactions
  • Be able to prepare simple financial statements
  • Be able to analyses company performance using basic ratios
  • Be aware of costing and budgeting techniques to maintain efficiency and profitability 

TOPICS TO BE COVERED

Module 1

Introduction to financial analysis

  • Identifying the relationship between cash flow and profit
  • Development of an integrated cash flow model
  • Recognising it’s all about cash
  • Understanding the relationships between the three main accounting statements
  • Exercise 1 - Accounting terminology

Fundamentals of accounting statements-the profit and loss account

  • How the P&L has changed over the last 25 years
  • Detailed review of the Profit and Loss account including explanation of all significant accounting terminology
  • Profit types - trading, asset and business
  • Inventory, depreciation, capitalised interest
  • Minority interests and consolidation
  • Exceptional and material items

Fundamentals of accounting statements-the balance sheet

  • Detailed review of the balance sheet including explanation of all significant accounting terminology
  • Understanding the fixed assets note
  • Accounting goodwill – what is it?
  • Liabilities, pension fund accounting
  • Debt and other liabilities like debt
  • Deferred tax, contingent liabilities

Financial analysis techniques-ratio analysis

  • Objectives of ratio analysis
  • Developing ratio analysis skills
  • Different types of ratios
  • How much information is there in ratios?
  • Ratio rules – avoiding errors of principle

Module 2

Cash flow analysis and accounting issues

Understanding cash flows

  • Detailed review of the cash flow statement
  • Analyzing and interpreting cash flows
  • Summarizing cash flows for analysis

Cash flow analysis

  • The four phases in the life of a business

Cash flow analysis-taking it further

  • Dealing with the consequences of growth and no-growth

Accounting abuses and update

  • Abuses of Fair Accounting
  • Basic abuses relevant to all businesses
  • More complex abuses relevant to larger groups

Global accounting in the new century

  • Overview of the International Accounting Standards Board
  • The implications of the IAS Initiative
  • Review of new standards produced in the last five years

Module 3

Financial mathematics and project analysis

The time value of money

  • Present and future values
  • Defining the discount factor
  • Exercises: Discounting calculations

Net present value -developing the concept

  • NPV’s and varying future cash flows
  • Perpetuities and annuities
  • Exercises: Annuities and perpetuities

Project analysis

  • Introduction to project analysis
  • Developing a forecast of the project cash flows
  • Identifying the key risk areas

Evaluating capital investment projects

  • Discounted cash flow techniques
  • Calculating the internal rate of return

The responsibilities of management

  • The essential aspects of the management task

Costing and break-even analysis

  • Fixed and variable costs
  • Marginal, absorption and standard costing

Module 4

Spreadsheet analysis skills

Introduction to spreadsheets

  • Using spreadsheet programmes for business analysis and forecasting
  • The issue of spreadsheet risk

Introduction to computer forecasting

  • Overview of the forecasting process
  • Creating useful models
  • Sales, growth and margins
  • Cost identification
  • Driving the cash flow

Funding structures

  • The relationship between business risk and financial risk
  • The four phases of the corporate life-cycle
  • Identifying appropriate funding structures
  • Recognizing the drivers of funding strategies

 METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817, +254(020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B. 11th November 2019.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 5 Days
Event Date 18-11-2019
Event End Date 22-11-2019
Cut off date 11-11-2019
Individual Price(Kenyan) KES 69,000
Individual Price (International) EUR 790
Individual Price(International in Dollars) USD 920
Location Nairobi, Kenya
We are no longer accepting registration for this event
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