Certificate in Business Financial Management and Accounting Course

Why Select this Training Course?

Financial planning is essential to the successful operation of any organization. When running a company, one of the most crucial tasks for owners and managers is managing finances. The management team should consider how their actions could affect the company’s bottom line, liquidity, and overall financial health. Every facet of a company’s operations may and does affect its bottom line; thus, its proprietor has to monitor and manage all of them. Those just entering the corporate world as leaders or managers must brush up on their money management abilities. It’s a recipe for disaster to provide financial control to someone else in the corporation. Cash management and accounting are the foundation of sound financial management, and both need rigid financial rules to guarantee the accuracy of financial records. Pursuing the Business Financial Management and Accounting course at Rcademy will assist the participants in understanding the primary challenges, such as continuous improvement, cost analysis, budgeting, performance analysis, and management control in this industry.

What is the variation between accounts payable and receivable?

The amount of money an organization owes to its vendors is in accounts payable, while the money owed to the institution primarily by clients is in accounts receivable. Therefore, when one business transacts with another company, the organization will document the entry in the accounts payable on their files while the other transactions are on the charges receivable.

What is the importance of reasonable finance control and accounting in an organization?

Financial management skills are vital skills that each organization should have. Every decision that the manager of a company makes has an economic effect on the organization, and they must make decisions based on the business operations’ context. Reasonable finance control increases the business’s general value, encourages workers to save money, gives economic stability, and assists in financial planning.

The Certificate in Business Financial Management and Accounting Course by Rcademy will give the participants an in-depth understanding of the finance and accounting functions prevalent in an organization. Attendees of this Rcademy course will also improve their ability to report and assess performance thanks to a deeper understanding of the interplay between the organization’s long-term vision and strategy, its metrics, its operational objectives, and its targets. This Rcademy course helps learners review the company’s financial situation, reconcile reports, budgets, and environmental issues, and evaluate and communicate finance statements. The entire curriculum emphasizes accounting fundamentals.

Who Should Attend?

The Certificate in Business Financial Management and Accounting Course by Rcademy is ideal for-

• Planners, accountants, and cost experts
• Senior professions that directly deal with finance control and management
• Financial experts, inventory professionals, and finance controllers
• New trainees and interns with finance-associated roles
• Professionals working at the senior or medium level in the finance decision-making department

What are the Course Objectives?

The objectives of The Certificate in Business Financial Management and Accounting Course by Rcademy are to enable professionals to:

• Learn how to create a sound performance analysis system
• Determine how to link operation and finance for strategic implementation
• Learn the traditional methods and the current practices in financial management and accounting
• Determine the competitive prices for the services and goods provided in the finance management and accounting
• Understand the accounting and finance jargon
• Learn the budgeting and costing techniques used in the industry
• Understand how to make good decisions concerning the finance and accounting challenges

How will this Course be Presented?

Rcademy’s approach to teaching this material is novel, tried, and true. The training course instructors are seasoned educators in their fields. As a result, they will draw from their own experiences to teach you marketable trade skills that may be applied to solving real-world issues. The following are some of the ways this training might be presented:

• Presentations and Management Games
• Group Discussions
• Assignments and interactive exercises
• Case studies, etc.

This Rcademy program will use highly skilled and experienced professionals to deliver the learning to the attendees.

What are the Topics Covered in this Course?

Module 1: Key Terminologies and Concepts in the Finance Management and Accounting

• Understand the responsibility of the management accountant in a company
• Determine the basic variation and similarities between the managerial and financial accounting
• Linking of strategy to costing and planning
• Understand the activity of joining finance and non-finance factors
• The Basic responsibility of cost and budgeting management in contemporary institutions
• Learn about the financial statements
• Learn of the way of having a cross-functional activity- the image of an organization
• Examples, videos, and discussions

Module 2: Traditional Vs Advanced Methods in Cost Management

• Direct vs indirect costs
• Methods of Refining a costing structure
• Over-costing and under-costing: the impact on profitability
• Cost determinants and cost hierarchy
• Integrating activities, resources, and the management
• Activity-based pricing vs past price allocation systems
• Introduction of process-based management and budgeting
• Case study, video, and examples

Module 3: Cost Evaluation

• Meaning of costing
• Terminologies and price concepts
• The variable vs fixed costs: the price volume- profit evaluation technique
• Various prices for various goals
• Contribution margin evaluation
• Period vs product price: inventory control and evaluation
• Non-manufacturing and manufacturing costs
• Examples and case study

Module 4: Analysing Corporate Performance: Six Sigma and the Balanced Scorecards

• Beyond budgeting: joining of financial and no financial problems
• The primary responsibilities of client satisfaction and the company activity re-engineering
• Expanding performance control systems
• Introduction of the balanced scorecard
• The basic viewpoints
• Overview of six sigma
• Summary of the model maps
• Case study, video, and examples

Module 5: Budgeting: Variable Evaluation and Flexible Budgets

• Defining the master budgeting and illustrating its critical benefits to the institution
• The responsibility of budgeting
• Illustrate the behavioral effects of budgeting
• Compute flexible budget differences and the sales volume variations
• Determine the variation between a flexible budget and the static budget
• Which equipment assists in complementing costing and budgeting
• The budgeting activity in an institution and how to increase it
• Case study, issues, and exercises

Module 6: Control of Investment Projects

• Finding available investment capital
• Recognition and assessment of profitable project opportunities
• Approving of project suggestion
• Evaluation and management of investment projects

Module 7: Business Investment Decision Making

• Strategic decision creation
• Past and current costs analysis techniques
• The discounted cash flow evaluation equipment
• Decision-making and capital investment appraisal
• Capital budgeting principles
• Business analysis techniques

Module 8: Risk Management and Financial Strategies

• Measuring the business price of capital
• Business finance sources
• Financial risk management models
• Financial Directives to control currency threat
• Financial instructions to the control interest rate danger