Financial Management and IFRS
What is this course ?
A financial management system is the software and processes used to manage income, expenses, and assets in an organization. In addition to supporting daily financial operations, the purpose of a financial management system is to maximize profits and ensure long-term enterprise sustainability. They help finance teams for streamline invoicing and bill collection, optimize daily, monthly, and yearly cash flow, maintain audit trails and comply with accounting regulations, Deliver better budgeting, forecasting, and planning and many more.
International Financial Reporting Standards (IFRS) are a set of accounting rules for the financial statements of public companies that are intended to make them consistent, transparent, and easily comparable around the world.
Course Contents
- Financial Management
- Concept of financial management
- Time value of money
- Interest rate and time
- Present and Future value
- Loan amortization
- Importance and use of cost of capital
- Components of Cost of Capital
- Weighted Average Cost of Capital (WACC)
- Capital Budgeting, Project classifications and decision rules
- Working Capital management , its importance and use
- Balance sheet, income statement and cash flow statement
- Analysis of financial statements
- Cash flow analysis and ratio analysis
- Revenue expenditure vs capital expenditure
- International Financial Reporting System (IFRS)
- Concept of IFRS and its first time adaptation
- Convergence Process
- Steps in transition to IFRS
- IFRS convergence in SAARC region
- Conceptual Framework for Financial Reporting
- Applicability
- Presentation of Financial Statements
- Accounting for government grants and disclosure of government assistance
- Disclosures
- and many more...
Who can participate ?
Following people can participate in this course
- Finance and account department staffs including CFO,
- Finance Officer,
- Account manager, support
staffs from account and finance department, - Business owners, project manager, administrative
manager, non-finance background officers, - Personnel who wish to sharpen their knowledge in the field of finance and who wants to understand the cross departmental functions