• Goals of financial management 
• Cash cycle of the enterprise
• Reporting the results: the four financial statements

Workshop:Participants will work through a year in the life of a business. They will determine the effect of a set of transactions on assets, liabilities, working capital and owner’s equity

• Profit & Loss Account
• Balance Sheet
• Cash Flow Statement
• Fixed costs and break-even analysis
• Understanding changes in owner’s equity and financial position
• Measurements of business performance: ratio analysis – profitability, liquidity, working capital efficiency, gearing and return on investment
• Strategic financial analysis
• Financing a project

Workshop:Participants will calculate key financial ratios for a typical company. You will also analyze and make recommendations on capital structure, future expenditure and return on investment (ROI)

Project budgeting and methods to evaluate cash flows

• Factors affecting discount rates
• Capital budgeting
• Accounting rate of return, ARR or ROI
• Payback period
• Net present value (NPV)
• Internal rate of return (IRR)
• Types of budgets
• Risk management
  • Qualitative and Quantitative risk analysis
• Asset management
• Fixed assets and depreciation

Workshop:Investment decisions for a new project and deciding on which project

Controlling the project

• Controlling schedules and budgets
• Organisational requirements for project control
• Earned value metrics (EVM)
• The value of real-time ABC for control
• Example: application of earned value techniques

Workshop:Controlling project costs and durations using earned value techniques