Conference on Finance and Accounting

Overview:

Introduction:

This conference is designed to provide participants with a strong foundation in the principles of finance and accounting, focusing on the key elements needed to analyze financial statements, manage budgets, and improve financial decision-making. Through it, participants will gain practical knowledge and skills in financial reporting, analysis, and control, helping them contribute more effectively to their organization’s financial success.

Conference Objectives:

By the end of this conference, participants will be able to:

• Understand the core principles of finance and accounting.

• Analyze financial statements for better decision-making.

• Manage and control budgets efficiently.

• Apply financial ratios and metrics to assess business performance.

• Utilize financial data to support strategic planning and growth.

Target Audience:

• Finance Managers.

• Accountants and Auditors.

• Business Managers and Owners.

• Budget Analysts.

• Financial Consultants.

Conference Outline:

Unit 1:

Introduction to Finance and Accounting:

• Overview of financial accounting vs. management accounting.

• Understanding key financial statements: income statement, balance sheet, and cash flow statement.

• The accounting cycle and its importance in financial reporting.

• Key financial concepts: assets, liabilities, equity, revenue, and expenses.

• Best practices for maintaining accurate financial records.

Unit 2:

Financial Statement Analysis:

• Techniques for analyzing financial statements to assess business performance.

• Key financial ratios: liquidity, profitability, efficiency, and leverage ratios.

• Trend analysis and benchmarking for performance evaluation.

• Interpreting financial statements to identify strengths and weaknesses.

• Case study: Analyzing a real company’s financial statements.

Unit 3:

Budgeting and Financial Planning:

• The budgeting process: forecasting revenue and expenses.

• Different types of budgets: operating, capital, and cash flow budgets.

• Techniques for controlling budgets and managing variances.

• Aligning budgets with strategic organizational goals.

• Tools and software for effective budgeting and financial planning.

Unit 4:

Cost Management and Control:

• Understanding fixed, variable, and overhead costs.

• Techniques for controlling costs and improving profitability.

• Activity-based costing (ABC) and its application in cost control.

• Using break-even analysis to make informed financial decisions.

• Best practices for reducing operational costs without sacrificing quality.

Unit 5:

Financial Decision-Making and Strategic Planning:

• The role of finance in strategic business decisions.

• Using financial data to inform investment and growth decisions.

• Risk assessment and mitigation in financial decision-making.

• Evaluating capital investment projects using techniques like NPV and IRR.

• Methods for integrating finance into strategic planning processes.