This course brings together the key elements of financial statement analysis. It will enable participants to ask the right questions, see the real risks facing businesses and investors, feel more confident in their ability to comment on business activities and performance, and analyze financial health for management. These skills and the required technical knowledge will be put into practice throughout the course using interactive examples and case studies, putting theory and technique into context.
List and differentiate between the important components of basic financial statements
Explain financial statements' ratios and design Excel sheets and graphs for financial statements analysis
Give examples of creative accounting schemes and discuss the validity of the used accounting rules
Assess the quality of financial reports and evaluate the quality of the reported earnings and cash flows
Analyze the financial position and performance of a company over a period of time and draw conclusions regarding its sustainability
Forecast financial statements based on the analysis of the historical performance of a company
Chief accountants
Accounting managers
Senior accountants
Finance directors
Finance managers
Financial analysts
Financial controllers
Financial accounts managers
Heads of finance departments
Credit controllers
Corporate financiers
Credit risk analysts
Bankers, and relationship managers.
Users of financial data
Content of the annual financial report
Regional versus global standards
Non-financial elements of the annual financial report and their importance
Emotional and cognitive biases affecting analysts’ judgment
Understanding the income statement, balance sheet, and cash flow statement
Other comprehensive income components
Top-down approach for analysis
Macroeconomic factors to assess country exposure
Indicators of GDP, unemployment rates, inflation, and interest rates
Deficit-to-GDP, debt-to-GDP and GDP growth rates
Industry analysis: understanding Michael Porter's five forces shaping an industry's long term profitability
Starbucks, Apple Inc., Nike, and McDonald’s cases
Common size analysis to improve comparability
Calculating trends and growth patterns
Profitability
Liquidity
Efficiency and working capital management
Financing structure and risk
Altman Z-score to assess potential bankruptcy
Using graphical representation
Financial cosmetics and creative accounting
Signals to read from inventory balances
LIFO liquidation technique
Valuing inventory at net realizable value: looking for signals of obsolete inventory
Analyst's consideration when examining inventory
Evaluating how capitalizing versus expensing costs affect financial statements and ratios
Interest capitalization
Research and development costs capitalization
Effect of different depreciation methods on financial statements
Impairment of business units and operating segments
Revaluation of long-lived assets
The choice of operating lease or finance lease
Using special purpose vehicles for balance sheet manipulation
Stock options and stock grants instead of bonuses
Case study: creative accounting scandals of Enron, Worldcom, Parmalat
Framework for assessing a company's quality of financial reports
Potential problems that affect the quality of financial reports
Beneish model: M-score to describe the degree to which earnings are manipulated
The program opens by exploring the key leadership skills and how to apply them in the organization. Using this initial analysis, the program explores managing yourself as a leader, leading a team, creating breakthroughs through innovative leadership, communicating effectively with others, and imparting leadership values to your team members. All attendees will return to their organizations better equipped to meet the challenges and demands of leadership.
This is a fast-paced, dynamic, and highly informative advanced leadership program. It seeks to develop and enhance your personal, team, and organizational leadership skills.
This seminar is designed to provide practicing or potential leaders with the knowledge and skills required by the role. This leadership programme enables your leaders to critically explore the key idea that the most important function of a leader is to help their people move through the stages of team development.
Alliances in business are a natural route for development – but not all contracting relationships can truly be seen as alliances. A good, trusting and open relationship is essential for a long-term and successful alliance – and this needs to be practiced by the negotiators involved. Negotiation is inevitably at the heart of every process to achieve what you want, whether in an agreement, bargaining for an item, or closing a deal. At the end of each negotiation, the goal is to seek a win/win outcome – an essential characteristic of long-lasting alliances. This course provides an essential framework for effective negotiation — which will be vital for building and exploiting an alliance - from building the relationship, critical thinking to prioritize goals
Health, Safety, and Environmental Management Systems are based on a proactive process for incidents prevention as well as reactive monitoring of performance. Risk assessment is required to be applied to all activities that impact on health & safety, production, asset, environment, and the Company reputation.
All businesses in the current environment need a competitive edge. This can be gained through innovative and exciting products and services, or effective and efficient world-class employees. Top performing organizations are passionate about their most valuable resource - their staff. To maintain their high standards a large proportion of their time and energy is spent on continuous professional development, not only of their employees but of their business. This course investigates the tried and trusted management processes, procedures, and methodology used by many blue-chip companies. They use the tools to develop high levels of performance from their staff. This in turn ensures the future and reputation of their companies through innovative development, service, and evaluation. This course offers participants practical solutions to work-related issues.
Enterprise Risk Management known as (ERM) has evolved considerably since the seventies. From simply 'buying' insurance, it has now grown in importance to become a prime function in many organizations as part of a bigger system known as Governance, Risk, and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome those risks. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management. However, the most accepted ERM system is the one designed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). This system, which is the one covered in this course, teaches the steps needed to control risk. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission, and corporate strategies. Then, the course goes through the steps management needs to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate, and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial and physical risk as well as risk in different industries.