The “Advanced Concepts in Financial Management and Budgeting for Managers” course provides the basic grounding in financial management, policies, strategies and managerial decisions as they relate to an organization’s financial well-being. The course explains and analyzes the financial concepts such as capital structure, capital investment decisions, financial ownerships and conflicts. Other financial concepts include dividends and repurchase issues, mergers, acquisitions, and divestitures, financial distress, liquidation and resolution, risk management, and economic rationalization and organization architecture. The issue of current global financial crisis as it relates to the developing world will be analyzed
The course also outlines the similarities and differences between the financial management systems in the private and public sectors and as well as between the developed and the developing economic systems. In this course, participants will learn how to develop and administer a budget that greatly enhances the performance and results of their departments or organizations. Finally, the course presents basic financial management concepts and on the principles on how government funds are established, accounted for, reconciled and reported on. The new approach learned in this course will also help the participants to consistently meet and exceed their financial expectations and goals.
Course Learning Objectives:
- To enable participants to gain the understanding of financial management and the elements of managerial finance.
- To introduce the participants to the measuring activities that drive future financial performance and the rules that shape financial statement and taxes.
- To introduce the participants to finance operations and growth at different stages; and money and other capital markets.
- To understand the practical tools for management decisions and measuring performance.
The “Advanced Concepts in Financial Management and Budgeting for Managers” course has some of the following key areas of learning:
- The basic concepts in financial management
- Financial cycle
- Government financial cycle
- The 3 primary decisions in the areas of finance
- Governance and complex financial ownership structures
- Principal-agent stakeholder relationships and conflicts
- Dividends and repurchase issues
- Mergers, acquisitions, and divestiture
- Financial distress and, liquidation and resolution
- Risk management and economic rationalization and organizational architecture
- Fundamentals of financial planning and budgeting
- Basic budgeting methods
- Expense and revenue budgets
- Recurrent and capital expenses
- Budgeting control and standard costing
- Interpreting and understanding financial statements
- Management accounting reports
- Best practices in budgeting and managing corporate funds
- Strategic planning and budgeting
- How to spot budget troubles early before a crisis develops
- How to handle common cost variations with confidence and skill
- Fraud detection and prevention
- A brand new laptop computer to take home
- Case studies
- Problem-solving exercises
- Group presentations
- Site visits
At the end of the course, participants will be able to:
- Demonstrate the ability to apply their financial knowledge in a business setting.
- Understand why a financial statement is important to a decision-making process.
- Understand and distinguish among balance sheet, income statement, and cash flow statement.
- Know how to use financial statements to enhance financial analysis.
- Be able to define and understand a balance sheet and income statement analysis.
- Improve their knowledge in different forms of business.
- Know how to start up financing, financial growth, and other forms of external financing.
- Understand and explain the merging of assets and financing; and life-circle view of financing.
- Understand and explain money and capital markets securities.
- Know the cost-benefit analysis, Accounting Return on Investment, estimating no quantifiable benefits and costs.
- Know the reporting of returns on capital.
The course is delivered in a workshop setting facilitated by seasoned professional facilitators with practical experience. Active participation is required and key to the success of the workshops. Other methods used in this course include case studies and problem-solving exercises. Assessment of participant’s performance will be measured through effective class participation, group presentation, group project, and class attendance. This course combines presentations, lectures, class discussions, group presentation, and problem-solving exercises.
Who should attend?
The course should prove valuable to all directors and managers who manage funds in their department or organization – financial managers, controllers, auditors, bankers, department heads, and managers.
Course Duration: 2 weeks
Training Locations and Scheduled Dates
New York, USA: Jun 6-17; Jul 18-29; Sep 12-23; Oct 17-28; Nov 30-Dec 12;
Washington, DC, USA: Jan 4-15; Feb 1-12; Apr 11-22; Jun 6-17; July 4-15; Aug 15-26; Oct 5-16; Dec 1-12;
Phoenix, Arizona, USA: Jan 4-15; Feb 15-26;
London, United Kingdom: Jan 4-15; Feb 1-12; Jul 4-15; Oct 3-14;
Toronto, Canada: Apr 11-22; Jun 13-24; Aug 15-26; Oct 17-28;
Course materials include PowerPoint presentation slides, carefully selected reading materials, exercises, case studies, reading references, and a brand new lptop computer.
The course fee is $3,950 for 1 week and $6, 000 for 2 weeks. The course fee covers the following: instruction, course materials, administration expenses, field trips, cultural programs and miscellaneous program-related expenses.
How to Register
To participate in this course, the applicant must:
- Send a completed application form
- Have a bachelor’s degree/or have relevant work experience at senior management level
- Be nominated by the head of his/her department
- Be a senior member of the organization
- Demonstrate a devoted interest in the course
- Have a proof of English proficiency
- Demonstrate proof of financial sponsorship for the course
Hatta International Development Center
295 Madison Avenue, 12th Floor
New York, NY 10017
Ph. 212 379 8348