The Role of Financial Statement Analysis in Management Decision-Making Self-Study Webinar (10 Hours)

Overview: 

Budgeting is an essential tool for supporting business growth, improving profitability and gaining an edge in our fiercely competitive global economy. This self-study webinar presents new and effective approaches to budgeting and focuses on:

  • An in-depth discussion of reality-based budgeting
  • The importance of strategic planning in establishing an effective budget
  • Why the traditional emphasis on earnings does not work
  • Approaches to minimizing the time it takes to create an effective budget
  • How you make budgeting a vital management tool
  • Today's best practices in budgeting
Objective: 

To demonstrate to the accountant the value of advanced budgeting techniques, which include integrating corporate strategies into the business model and budgeting process. You will see how today's best practices in budgeting are being applied in leading corporations and how this process facilitates capital formation, growth and profitability.

Emphasis: 
  • Case studies of CFOs' approach to financial planning and budgeting
  • Why traditional budgeting does not serve today's corporate needs
  • The importance of the business model in the budgeting process
  • Performance-based budgeting concepts
  • Computerize the budgeting process without spreadsheets
  • Budgeting best practices 
    – Partaking in a best practice survey evaluating a company's budgeting process
    – Defining the term "meeting the budget"
  • A checklist to evaluate the effectiveness of your budgeting process
  • The importance of budget and forecast review meetings
  • New dynamics in financial management and budgeting
  • Improving budgeting process efficiency, shortening preparation time and reducing revisions
  • Making the budget work throughout the year

• Identify the various approaches to, and uses for, financial statement analysis

Identify the terminology associated with strategic planning for both established entities and startups

Recognize the priorities of corporate long-term strategic planning

Recognize common types of projections developed by financial analysts

Recognize common types of ratios developed by financial analysts

Identify the primary reasons behind the failure of some corporate strategies

Identify the differences between raising capital for private vs. public entities

Identify the implications of funding through venture capitalists

Recognize the common categories of information contained in strategic planning documentation

Identify the formula for common financial analysis ratios

Identify the ramifications of trends in common financial ratios

Identify the components of a SWOT analysis

Recognize a lender’s criterion for the granting of credit

Recognize the fundamental conflict of national credit rating agencies

Identify the range of scores of the national credit agencies and their implications for borrowers and lenders

Identify the methods used by cash flow challenged entities to preserve their cash

Recognize the significance of the Altman Z score and its implications for borrowers and lenders

Recognize effective working capital management techniques

Recognize the different valuation methods used in acquisition planning

Identify the factors influencing an entity’s cost of capital

Identify common approaches to, and uses of, benchmarking
 

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Price: 
$199.00
Prerequisite: 

Basic knowledge of financial accounting and budgeting.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
10.00
NASBA Field of Study: 
Finance