Professional Financial Manager - Best Practices

Often referred to as the business language, accounting serves as the communication tool for managers conveying a company's financial information to external stakeholders. Financial illiteracy is a luxury no professional in the business realm can afford. Regardless of size, industry, or origin, a company's narrative unfolds through its financial records, encompassing income, debt, revenue, expenses, compensation, and customer retention costs as evident on financial statements. Even non-financial managers must navigate financial justifications and decisions, requiring comprehension of the language of finance. This DixonTech training course is a vital introduction to financial language, providing insights into accounting systems and procedures for effective business understanding.

TRAINING TOPICS

• How to identify, understand, and record transactions in the accounting system
• Applying economic principles and professional judgement
• Analysis and interpretation of the financial statements
• Cost-Volume-Profit and break-even analysis
• Preparing and using budgets to control all aspects of our business.
• An overview of financial and money markets
• Choosing the best financing products for your business
• Foreign currency transactions and managing exchange rate risk.
• Identifying investment opportunities that fit your corporate strategy.
• Incorporating risk into the investment decision

By attending this DixonTech training course, delegates will be able to:

• Be aware of how financial markets can support efficient business operations.
• Read and understand annual financial reports and be aware of how they are prepared.
• Understand how business accounting systems work.
• Identify and appraise wealth-generating investments.
• Apply a range of management accounting techniques to maintain or improve profitability.

TRAINING IS TAILORED TO

• Financial and business advisors
• Business entrepreneurs
• Members of the operational management team
• Those who are starting their careers in finance and accounting.
• Non-executive board members on the Audit Committee

TRAINING METHODOLOGY

This DixonTech training course employs a dynamic training methodology, blending theoretical concepts with practical applications. It incorporates interactive lectures, real-world case studies, and group discussions to enhance participant engagement. Hands-on exercises and simulations provide a practical understanding of accounting systems and procedures. Comprehensive electronic resources, tools, and templates are provided for immediate application. The course aims for a participatory approach guided by experienced instructors, fostering a holistic learning experience.

DAY ONE: 

FUNDAMENTALS OF ACCOUNTING

• Session 1: Introduction to Accounting Principles
• Session 2: Identifying, Understanding, and Recording Transactions

DAY TWO:

FINANCIAL STATEMENT ANALYSIS

• Session 3: Applying Economic Principles and Professional Judgment
• Session 4: Analysis and Interpretation of Financial Statements

DAY THREE:

COSTING AND BUDGETING

• Session 5: Cost-Volume-Profit and Break-even Analysis
• Session 6: Budgeting for Business Control

DAY FOUR:

FINANCIAL MARKETS AND FINANCING

• Session 7: Overview of Financial and Money Markets
• Session 8: Choosing the Best Financing Products for Business

DAY FIVE:

INVESTMENT STRATEGIES AND RISK MANAGEMENT

• Session 9: Foreign Currency Transactions and Exchange Rate Risk
• Session 10: Identifying Investment Opportunities and Incorporating Risk