Who should attend this program:
This program provides a user-friendly environment to develop the knowledge and techniques related to accounts payable that are valuable for:
- Finance and Executives and Professionals.
- Accounts Payable Managers.
- Accounts Payable Supervisors.
Program Objectives:
The use of Benchmarking helps the management of the organization learn the practices within the organization and learn from the best practices of competitors and thus make changes for improvement and work to be the best by defining the goals that should be pursued. Therefore, this program seeks to apply the latest methods to measure and evaluate financial and accounting performance.
Day 1: Advanced Framework for Measuring Financial and Accounting Performance
- Financial analysis and its relation to measurement and evaluation of financial performance.
- The importance and areas of financial analysis.
- Methods of financial analysis.
- Application of tools and methods of financial analysis.
- Horizontal analysis and general trend analysis.
- Head analysis and common size analysis.
- Examples and practical situations.
- Financial analysis tools in financial ratios and indicators.
- Financial analysis of data in government budgets of ministries and government bodies.
- Various practical situations.
Day 2: Financial analysis for the purpose of forecasting future financial performance
- Methods of detecting financial difficulties and predicting bankruptcy.
- Evaluation of the entity's ability to continue.
- Composite financial indicators for bankruptcy forecasting.
- Altman model to predict financial success or failure.
- DIBON model in financial analysis to forecast financial performance of enterprises.
- Practical cases for forecasting future financial performance.
Day 3: Measuring financial performance using benchmarking and the role of budgets in measuring financial performance.
- The idea of comparison method is best.
- The importance of the Benchmarking method.
- Identify strengths and weaknesses within the company.
- Various application cases.
- Definition of the budget and its objectives.
- Uses of budgets.
- Types of budgets.
- Principles of budget preparation.
- Considerations to be taken into account before the preparation of the budget.
- The role of forecasting in the preparation of the budget.
- Stages of the preparation of the budget.
- Budget as a planning tool.
- As a tool for monitoring and evaluating financial performance.
Day 4: Balanced Scorecard as an Input to Measure Strategic Performance (B.C.C)
- What is a Balanced Scorecard?
- Balanced Axes of Performance.
- Financial axis.
- Customer’s axis.
- Learning and growth axis.
- Axis of internal processes.
- Stages of building the card.
- Stages of measuring the strategic performance of institutions.
- Practical cases and application models.
Day 5: The Value-Added Tax (VAT):
- What Is a Value-Added Tax (VAT)?.
- How a Value-Added Tax (VAT) Works.
- History of the Value-Added Tax (VAT).
- Value-Added Tax (VAT) vs. Sales Tax.
- Special Considerations.
- Pros and Cons of a Value-Added Tax (VAT).
PLACE: London (UK)
VENUE (TBC): INDUSTRIOUS (1 and 2, 245 Hammersmith Road Floors, London W6 8PW)
LANGUAGE: English