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Cape Town

Understanding Finance to Influence Strategic Decisions

ID  326

Finance and Accounting Training Courses

Understanding Finance to Influence Strategic Decisions

Cape Town

Hotel Name
Hotel Meeting Room

03 Feb 2025 : 07 Feb  2025

25 Hours

5450 USD

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Training Details

Introduction

A good understanding of fundamental financial concepts enables professionals at every level to make better strategic decisions and achieve improved performance. This seminar is designed to increase understanding on how finance and accounting tools can play a significant role in supporting the strategic planning and decision-making process. It will provide insight on how financial metrics connect with other non-financial measures to assess that the organizations’ goals and objectives are met. In doing so, the seminar will also explore the role of finance and accounting concepts within practices such as budgeting, costing and performance management. Overall, this highly interactive seminar has been designed to review a number of techniques available to professionals to support their strategic decisions and evaluate the multiple performances achieved.

Seminar Objectives

The objectives of this seminar are to enable delegates to:

  • Take strategic decisions supported by a solid financial understanding
  • Link strategic planning with budgeting, costing and performance measurement
  • Support the achievement of goals and objectives with ad-hoc resource allocation
  • Understand the structure of the financial statements (income statement, balance sheet, and cash flow statement)
  • Understand how costs behave
  • Explore traditional and innovative approaches to Budgeting and Cost Control
  • Use the technique of discounted cash flow (DCF) for capital budgeting and evaluation of capital project investment, using net present value (NPV) and internal rate of return (IRR)
  • Connect the financial and non-financial elements of strategic decisions and analysis

Training Methodology

This seminar is presented in a very user-friendly way to suit individuals with varying levels of financial knowledge and experience. The seminar will be conducted along workshop principles with formal presentations, case studies and interactive worked examples. The seminar combines theory and practice. The purpose is to use a mix of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

Our aim is for this to be an enjoyable learning experience.

Organizational Impact

The organization will gain through:

  • Recognition of the importance of finance and accounting as a critical component of the strategic decision-making process, and the development of managers to be able to think strategically to:

    • understand and anticipate the financial factors that form the basis of strategic decision-making
    • evaluate the financial consequences of alternative strategic decisions
    • all of which should ultimately result in better strategic planning, and improved company performance
  • Increased awareness of the importance of budgeting, costing and performance measurement for strategic purposes
  • Use of the financial statements and other internal financial documents such as cost analysis and budgets that will help managers make more informed and therefore better management decisions
  • Use of techniques that will support the company in its more effective planning and evaluation of capital investment projects;
  • Increased awareness of the connections between budgeting, costing and strategic planning
  • Ability to connect financial and non-financial drivers of the business
  • The sharing of knowledge gained throughout other divisions and departments of the company.

Personal Impact

Delegates will develop an understanding of:

  • The influence of financial considerations on an organization’s strategic decision-making
  • How to understand the financial statements: balance sheet; income statement; statement of cash flows, in order to make more informed and therefore better financial decisions
  • How to link budgeting, costing and performance measurement
  • How to develop and manage the financial aspects of their role more effectively, enhance their performance, broaden their role, and appreciate how their decision-making may impact on their own department or business unit and the organization as a whole
  • How to interpret the connection between the financial and non-financial drivers of the business
  • How to improve their self-confidence in dealing with finance and financial professionals
  • How to be better placed to liaise effectively with other professionals on financial issues.

Who Should Attend?

An understanding of how finance and accounting influences strategic decision-making is crucial for every role and at every management level in the organization. In addition to interns, financial analysts, financial controllers, accountants and others active in the planning process this seminar has been designed for business professionals from:

  • sales and marketing
  • engineering
  • project management
  • purchasing
  • logistics
  • human resources

and any other non-financial areas that need or wish to understand the financial aspects of the strategic decision-making process.

Programme Outline

Day 1 – Business Fundamentals: the link between the Management Systems and Strategic Planning

  • What is strategy?
  • The strategic management system
  • Mission, Vision, Goals and Objectives: exploring the links
  • Strategic planning: the key features
  • Corporate objectives, action and initiatives: the concept of accountability
  • Budgeting, Costing and Performance Measurement to support strategic decision making

Day 2 – Fundamentals of Financial Statements and the link with the budget

  • Financial statements – key concepts
  • Balance sheet
  • Income statement
  • Statement of cash flows
  • The key role of planning and budgeting
  • Budgeting future financial statements

Day 3 – Budgeting and Costing to support strategic decisions

  • Resources and costs to support strategic decisions
  • The different typologies of expenses to be budgeted
  • Fixed and variable expenses
  • Breakeven analysis and contribution margin
  • Direct and indirect costs
  • How to design and refine costs systems for decision making purposes

Day 4 – Capital Budgeting

  • Future values, present values and Discounted Cash Flow
  • Capital budgeting principles
  • Methods of evaluating capital investment projects
  • Accounting rate of return (ARR) and payback
  • Net present value (NPV) versus internal rate of return (IRR)
  • What is the method used in your organization to select and evaluate projects/investments?

Day 5 – Measuring Financial and non-financial performance to support strategic decisions

  • Understanding Financial and non-financial KPIs
  • Connecting multiple measures and objectives within a balanced dashboard
  • Integrated thinking to support strategic decisions
  • Linking risk management to strategic decisions
  • Integrating financial and non financial communication
  • Summarizing the main takeaways from the seminar

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:

    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

  • Scientific Assessment:

    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

  • Brainstorming and Role-playing:

    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

  • Practical Cases:

    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

  • Final Evaluation and Certificates:

    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality for Training and Administrative Consultations, provided they have completed at least 80% of the program days.

  • Training Materials:

    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

  • Post-Training Follow-up:

    • European Quality for Training and Administrative Consultations provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

  • Customized Training Programs:

    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

  • Utilizing Technology:

    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

  • Specialized Trainers:

    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.

  • Encouraging Participation:

    • European Quality encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

  • Focus on Personal Transformation:

    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.

  • Continuous Assessment:

    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

  • Terms and Conditions:

    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

  • Prices and Discounts:

    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality for Training and Consultancy is certified

ISO 9001-2015

All rights reserved

Course Options

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78
03 Feb 2025   :  07 Feb 2025
Cape Town
5450$
03 Feb 2025   :  07 Feb 2025
Athens
4950$
10 Feb 2025   :  14 Feb 2025
California
6950$
10 Feb 2025   :  14 Feb 2025
Washington
6950$
17 Feb 2025   :  21 Feb 2025
Berlin
4950$
23 Feb 2025   :  27 Feb 2025
Dubai
3250$
24 Feb 2025   :  28 Feb 2025
Florida
6950$
24 Feb 2025   :  28 Feb 2025
Zurich
5450$
24 Feb 2025   :  28 Feb 2025
Copenhagen
4950$
02 Mar 2025   :  06 Mar 2025
Dubai
3250$
02 Mar 2025   :  06 Mar 2025
Beirut
2950$
14 Apr 2025   :  18 Apr 2025
Los Angeles
6950$
21 Apr 2025   :  25 Apr 2025
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5950$
27 Apr 2025   :  01 May 2025
Dubai
3250$
05 May 2025   :  09 May 2025
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5950$
19 May 2025   :  23 May 2025
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4950$
19 May 2025   :  23 May 2025
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4950$
25 May 2025   :  29 May 2025
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3250$
26 May 2025   :  30 May 2025
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3950$
26 May 2025   :  30 May 2025
Tbilisi
4950$
01 Jun 2025   :  05 Jun 2025
Cairo
2750$
01 Jun 2025   :  05 Jun 2025
Riyadh
2950$
08 Jun 2025   :  12 Jun 2025
Dubai
3250$
09 Jun 2025   :  13 Jun 2025
Madrid
4950$
15 Jun 2025   :  19 Jun 2025
Kuwait
3250$
15 Jun 2025   :  19 Jun 2025
Salalah
3450$
16 Jun 2025   :  20 Jun 2025
Beijing
4950$
22 Jun 2025   :  26 Jun 2025
Amman
2950$
22 Jun 2025   :  26 Jun 2025
Dubai
3250$
30 Jun 2025   :  04 Jul 2025
Jakarta
3450$
06 Jul 2025   :  10 Jul 2025
Jeddah
2950$
06 Jul 2025   :  10 Jul 2025
Sharm El Sheikh
2950$
14 Jul 2025   :  18 Jul 2025
Cyprus (Larnaka)
4950$
14 Jul 2025   :  18 Jul 2025
Amsterdam
4950$
20 Jul 2025   :  24 Jul 2025
Casablanca
3950$
20 Jul 2025   :  24 Jul 2025
Dubai
3250$
27 Jul 2025   :  31 Jul 2025
Dubai
3250$
28 Jul 2025   :  01 Aug 2025
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4950$
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4950$
11 Aug 2025   :  15 Aug 2025
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4950$
17 Aug 2025   :  21 Aug 2025
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3950$
18 Aug 2025   :  22 Aug 2025
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4950$
24 Aug 2025   :  28 Aug 2025
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3250$
25 Aug 2025   :  29 Aug 2025
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2950$
31 Aug 2025   :  04 Sep 2025
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2950$
01 Sep 2025   :  05 Sep 2025
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5950$
07 Sep 2025   :  11 Sep 2025
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3250$
15 Sep 2025   :  19 Sep 2025
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4950$
21 Sep 2025   :  25 Sep 2025
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3250$
22 Sep 2025   :  26 Sep 2025
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6950$
29 Sep 2025   :  03 Oct 2025
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4950$
29 Sep 2025   :  03 Oct 2025
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4950$
06 Oct 2025   :  10 Oct 2025
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4950$
06 Oct 2025   :  10 Oct 2025
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4950$
13 Oct 2025   :  17 Oct 2025
Dublin
4950$
13 Oct 2025   :  17 Oct 2025
Washington
6950$
19 Oct 2025   :  23 Oct 2025
Dubai
3250$
20 Oct 2025   :  24 Oct 2025
California
6950$
26 Oct 2025   :  30 Oct 2025
Cairo
2750$
26 Oct 2025   :  30 Oct 2025
Riyadh
2950$
03 Nov 2025   :  07 Nov 2025
Kuala Lumpur
3950$
10 Nov 2025   :  14 Nov 2025
London
4950$
16 Nov 2025   :  20 Nov 2025
Dubai
3250$
17 Nov 2025   :  21 Nov 2025
Madrid
4950$
23 Nov 2025   :  27 Nov 2025
Kuwait
3250$
24 Nov 2025   :  28 Nov 2025
Beijing
4950$
30 Nov 2025   :  04 Dec 2025
Amman
2950$
01 Dec 2025   :  05 Dec 2025
Barcelona
4950$
07 Dec 2025   :  11 Dec 2025
Jeddah
2950$
08 Dec 2025   :  12 Dec 2025
Jakarta
3450$
14 Dec 2025   :  18 Dec 2025
Dubai
3250$
14 Dec 2025   :  18 Dec 2025
Sharm El Sheikh
2950$
15 Dec 2025   :  19 Dec 2025
Hong Kong
5950$
21 Dec 2025   :  25 Dec 2025
Dubai
3250$
21 Dec 2025   :  25 Dec 2025
ON LINE
1750$
22 Dec 2025   :  26 Dec 2025
Amsterdam
4950$
28 Dec 2025   :  01 Jan 2026
Doha
3650$
29 Dec 2025   :  02 Jan 2026
Stockholm
4950$

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12 Courses

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