Diploma of Financial Management
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Course Outline
Introduction / Program Overview
Basic principles of accounting & financial reporting
- The history and basics of double entry accounting.
- Distinctions between cash and accrual basis.
- The basic chart of account for a design firm.
How to read and interpret an income statement and balance sheet
- The order and construction of income statement, balance sheet and statement of cash flows.
- Understanding the relationship between income statement and balance sheet.
How to use financial ratios and comparative data to analyze performance
- How to calculate important industry financial ratios.
- Putting those metrics into context by benchmarking against industry statistics.
- How to interpret the metrics and relate them to the activity within the business.
How to use financial ratios and comparative data to analyze performance (continued)
Predictive financial metrics
- How to use forward looking metrics to proactively manage your business.
Case study analysis (group exercise)
- Putting it all together in a group case study exercise.
Cash flow management
- Learn the importankce of cash flow management.
- What factors contribute or detract from positive cash flow.
- Learn several methods for reducing accounts receivable collection time.
Sources of capital and how to fund a growing business
- Understand the basic sources of capital a business can employ.
- What are their comparative costs, and risks.
- What is the optimal capital structure for an A/E or environmental consulting firm.
Financial reporting/project management systems
- Learn about the various project-based accounting software systems currently available to the industry.
- What sort of system is right for your firm.
- What basic functionality and reports should you expect from a system.
Basics of open book management & incentive compensation
- What is open book management and why should you be practicing it.
- Learn what sort of information you should be reporting, in what form, and to whom.
- The latest trends in incentive compensation.
- Various forms of incentive compensation and their pros and cons.
Course Final Test
Duration 30 hours
Cost: 990 L.E. |
