Accounting, Decision Making & Financial Communication

This advanced training program provides an in-depth exploration of how accounting information is collected, recorded, analyzed, and effectively communicated both inside and outside the organization. It is designed to strengthen participants’ ability to support management, enhance control, and enable sound decision-making—acknowledging accounting as the “language of business” and an indispensable tool for anyone engaged in organizational leadership. The course also introduces participants to both financial and management accounting systems, highlighting the structural value these systems bring in driving business success. Delegates will benefit from an MBA-level learning experience through a balanced blend of expert instruction, interactive discussions, and collaborative, team-based exercises. Key Features Understanding the role of the finance function and the fundamentals of financial and management accounting systems. Interpreting the income statement, balance sheet, and cash flow statement. Applying costing techniques to accurately determine product and service costs. Leveraging accounting techniques for effective managerial decision-making. Utilizing budgets as powerful tools for planning, control, and performance management.

This program is designed for professionals who seek to enhance their financial acumen and advance their careers by gaining deeper insights into accounting and financial communication. It is particularly relevant for: Operational managers and divisional leaders. Department heads and functional managers. Performance-focused supervisors. Consultants advising on financial systems and operations. Senior professionals from non-financial backgrounds who require stronger financial literacy.

Day One: Introduction to Accounting The role and importance of accounting information Functions of the finance department The accounting equation and financial reporting systems Recording facts vs. applying judgment Preparing financial statements (Income Statement & Balance Sheet) Accounting principles and standards Day Two: Financial Statements & Reporting Structure and components of the Income Statement Structure and components of the Balance Sheet Depreciation, impairment, and their effect on profit Valuation and treatment of inventory Preparing and analyzing the Cash Flow Statement The significance of cash flow in business operations Day Three: Management Accounting for Control & Decision-Making Cost collection and analysis Direct vs. indirect costs Overheads: Absorption costing vs. Activity-Based Costing (ABC) Cost-Volume-Profit (CVP) and break-even analysis Decision-making frameworks (make-or-buy, limiting factors) Day Four: Budgeting as a Communication & Control Tool Linking corporate objectives with budgeting processes Budgeting cycles and timelines Sales forecasting and revenue projection techniques Cascading budgets across departments Developing functional and cash budgets Budgeting methodologies and applications Day Five: Performance Measurement & Decision Support Monthly management reporting systems Standard setting and variance analysis Responsibility accounting and performance evaluation ROI, Residual Income (RI), and Economic Value Added (EVA) Integrating non-financial KPIs using the Balanced Scorecard