Financial Skills for Business Development
Details
This course covers the essential skills needed for finance staff to excel in their companies. From macro level management and financial overview to personal organization and time management, various skills are put into practice to help participants become more successful in the workplace.
Outline
Introduction
o Finance Induction
o Finance for Non-Financial Managers
o Fraud Awareness
o Introduction to Accounts Payable
o Payments to Individuals
The macro-finance picture
o Understanding the accounting cycle
o The income statement
o The balance sheet
o Changes in owners’ equity statements
o Cash flow statements
o The relationship of financial statements
o Functions of management
o Elements of a vision for finance and accounting department
o Effectiveness versus efficiency
o Supporting the operating departments
o Purpose of the finance and accounting function
Key Excel functions and tools to enhance efficiency
o Consolidating multiple sets of data
o Applying control at the data entry through data validation
o Reconciling accounts by using 'vlookup'
Organizing the finance function
o Teamwork skills in finance and accounting
o Assessing the need for team building program
o Finance as a project
o Organizing by function
o Organizing by purpose
o Staff duties and responsibilities
o The need for review and authorization procedures
o The authorization matrix and control of processes in organizations
o Cross training and backup strategies
o Scheduling the monthly accounting cycle
Budgeting
o Managing a Budget
o Managing a Budget (excluding Research Grants)
o Salary Forecasting
Research Grants
o Forecasting Research Grants Overheads
o Managing a Research Grant
Finance Skills
o Presenting Financial Data in Reports, Charts and Tables
o Writing a Business Case
o Year-end procedures
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their dutiesSpeaker/s
Special Offer
Schedules
| Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
| No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.
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