PROFESSIONAL FINANCIAL MANAGER - BEST PRACTICES

TRAINING OVERVIEW

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

This DixonTech training course spans five days, covering essential accounting principles, financial statement analysis, costing, budgeting, financial markets, financing options, and investment strategies. Each day focuses on specific topics, offering in-depth insights and practical applications to enhance participants' financial knowledge and decision-making skills. The course employs various interactive methods, including lectures, case studies, and hands-on exercises, ensuring a comprehensive and engaging learning experience. Participants will gain a solid understanding of financial concepts and the ability to apply them effectively in various business scenarios.