Knowledge. Skills. Attitudes. Subject Areas

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1 Subject Areas Fundamentals of Accounting & Finance for Non-Financial Managers Understanding Financial Statements Financial Analysis Fundamentals of Financial Modeling and Forecasting Advanced Financial Modeling and Forecasting Debits & Credits: How Accounting Really Works Fundamentals of Cost Accounting Appendix Our People Course Pricing Course Calendar Contact Us

2 Fundamentals of Accounting & Finance for Non-Financial Managers In today's business world, when every manager is held accountable for the bottom line, you have to be finance savvy! Accounting & Finance for non-financial managers. It s a topic you must understand especially during challenging economic times when financial acumen is expected at every organizational level. You ve got to know how to justify a request, quantify your contributions to the company and spot profit drains immediately. Because whether you're a wizard of finance or a nonfinancial manager, performance is measured the same way in shillings and cents! Offering an accessible overview of accounting and finance for non-financial managers, this training features exactly what you need to further your career and build your future. From accruals to write-offs to receivables and payables, this training shows nonfinancial managers the concepts, tools and techniques that can help make each decision pay off on the job and on the bottom line. How You Will Benefit Get a firm grasp of the numbers side of your job Gain greater confidence with a working knowledge of business financials Learn how to think finance and translate performance into financial terms Cultivate proactive working relationships with finance professionals and enhance your value to the organization Understand the business dynamics of shillings and cents and take initiatives that meet your short- and long-term goals Take the guesswork out of your decision making and deliver a better bottom line Expand your professional expertise and your career opportunities What You Will Cover Key finance terms: assets, liabilities, capital, depreciation, capitalization, current ratio and others The accounting process: journals and ledgers, how debits and credits work Mastering the mind-set: see business in terms of shillings-and-cents decision options that pay off short- and long-term Basic accounting principles Applying accounting conventions and guidelines Developing working rules regarding your corporate financial statements Using the balance sheet to examine assets and liabilities Analyzing the income statement to assess revenues and expenses The statement of cash flow: sources and uses of funds Content and format of the annual report Understanding the footnotes Debt vs. equity financing How leveraging can increase return to shareholders Keeping your plan on target with budgetary controls

3 Fundamentals of Accounting & Finance for Non-Financial Managers What You Will Cover (contd.) Using profit-planning tools, break-even analysis, financial forecasting Cash flow: where cash comes from and how it's applied Elements of cost accounting Analyzing payback method, discounted cash flow, present value and present value index in making profitable capital investment decisions Criteria for examining the performance of divisions and product lines Understanding the cost of capital Who Should Attend This program is designed for non-financial managers in every functional area of responsibility in all industries. Entrepreneurs (ie Engineers, Techies, Architects etc), SMEs, Start-ups and anyone from a non-financial background driven to improve and understand their company s bottom line. Note: Please bring a calculator and a copy of your/an annual report (if available) Learning Objectives Make Better Bottom-Line Decisions with a Working Knowledge of the Numbers End of Business Gain a New Sense of Confidence When Dealing with Financial Professionals Expand Your Professional Expertise- Add Value to Your Future Career Understand the Business Dynamics of shillings and Cents and Take Initiatives That Optimize Results in Line with Short- and Long-term Goals Take the Guesswork Out of Your Decision Making and Deliver the Results You Need Cultivate Proactive Working Relationships with Financial Professionals and Enhance Your Value to the Organization Learn How to "Think Finance" and Translate Various Measures of Performance into Financial Terms Recommended subsequent training: OTHER TRAINING MODULES; Alpha Review s Fundamentals of Accounting & Finance for Non Financial Managers forms a great foundation to build on by pursuing other Alpha Review modules- Understanding Financial Statements, Financial Analysis, Fundamentals of Financial Forecasting & Modeling, Advanced Financial Forecasting & Modeling, Debits & Credits: How Accounting Really Works, Fundamentals of Cost Accounting.

4 Fundamentals of Accounting & Finance for Non-Financial Managers Basic Accounting Concepts The Importance of the Accounting Equation The Significance of Generally Accepted Accounting Principles (GAAP) The Accrual Process The Difference Between Accounting Profit and Cash Flow Understanding Financial Statements Understand the Purpose of and Terminology Associated with the Following Financial Statements: - Income Statement or Profit and Loss Statement (P&L) - Balance Sheet - Statement of Retained Earnings - Cash Flow Statement Prepare a Set of Simple Financial Statements Understand the Accounting Process, from the Recording of Business Transactions to the Preparation of Financial Statements Understand How Various Business Transactions Affect the Financial Statements Reviewing an Annual Report Various Components of an Annual Report Importance of Notes in Evaluating Financial Statements External Auditor s Role and the Significance of the Opinion Letter Evaluating a Company s Financial Statements Calculate the Key Financial Ratios Using the Financial Statements Use Financial Ratios to Evaluate: - An Organization s Liquidity, Leverage and Profitability - The Performance of an Organization as Compared to Its Competitors - An Organization s Performance Compared with Budgeted Goals Identify Sources of Financial Information beyond the Financial Statements Use the Dupont Formula to Evaluate Management Performance Use the Concept of Economic Value Added (EVA (R) ) and Cash Flow Return on Investment (CFROI) to Determine if a Segment of an Organization Is Adding Value to the Business Improving Profitability through Cost Analysis and Profit Planning Differentiate between Fixed and Variable Costs Help Your Organization Improve Profitability through the Use Of: - Break-even Analysis - Contribution Margin Analysis - Direct Costing in Appropriate Situations Understand Traditional Cost Accounting and Its Limitations Understand the Relevance of Activity-Based Costing in Today s Business Environment Capital Expenditure Analysis Distinguish between Capital Expenditure Budgets and Operating Budgets and Understand the Function of the Capital Budget Understand Why Cash Has a Time Value Recognize and Apply Different Methods of Evaluating Capital Expenditure and Monitoring Project Performance Budgeting More Effectively Understand the Role of Budgeting and Issues That Budgets Can Solve Understand the Budgeting Process Identify Different Types of Budgeting Systems in Use Today Analyze Budgets for Different Purposes Recognize and Apply Different Methods of Evaluating and Monitoring Operating Performance

5 Subject Areas Fundamentals of Accounting & Finance for Non-Financial Managers Understanding Financial Statements Financial Analysis Fundamentals of Financial Modeling and Forecasting Advanced Financial Modeling and Forecasting Debits & Credits: How Accounting Really Works Fundamentals of Cost Accounting Appendix Our People Course Pricing Course Calendar Contact Us

6 Understanding Financial Statements Drill down and discover what the numbers on those financial statements really mean! This training takes you step-by-step through the how-tos of financial statement interpretation. You'll gain compelling insights into the analysis techniques that investors, creditors, bankers, analysts the entire financial sector employ to evaluate companies. And you ll see how to apply sophisticated financial statement interpretation and other analytical tools with the help of Excel to evaluate current operations as well as anticipate future corporate performance. Most important, you ll leave better equipped to apply your own financial statement interpretation and make decisions that can positively impact your company s bottom line How You Will Benefit Revisit the key relationships among the three major financial statements: balance sheet, income statement and statement of cash flows Interpret how business decisions affect the critical interrelationship among the statement components Determine which pivotal business operations are driving these financial statement movements Enjoy fast, easy access to a wealth of information about a company s past, present and future Apply financial ratios to analyze trends, competitors, and future economic decisions Utilize advanced spreadsheet tools and techniques in performing financial statement interpretation What You Will Cover The critical differences between profit and cash flow and the importance of each to a business Recognizing and addressing potential problems revealed through financial statement interpretation Using comparative benchmarking to determine your company s place in the industry Discovering and using the best available financial information databases Leveraging new financial knowledge in the preparation of budgets and forecasts Discovering how lenders, creditors and shareholders view your business through probing financial statement interpretation Analyzing how spreadsheets can simplify complex comparisons of divisions, business units and entire companies Who Should Attend Every member of the finance team plus any manager or executive in any functional area who wants an incisive understanding of financial statement interpretation and the essential role financial statements play in the budgeting, operations and strategic plan of every company. Entrepreneurs thirsty for a knowledge and skills in understanding their company s numbers! Others interested in Understanding Financial Statements

7 Understanding Financial Statements Learning Objectives Use Excel to Analyze Financial Statements Explain How to Determine the Profit of an Entity By Analyzing the Financial Statements Describe the Differences Between Profit and Cash Flow Use Ratio Analysis to Assess the Financial Health of an Entity Recommended subsequent training: FINANCIAL ANALYSIS

8 Understanding Financial Statements Overview of Financial Statement Analysis Identify Industry Nuances Identify How a Company Makes Money Describe the Unique Aspects of Each Business or Industry Explain the Life Cycle of a Business The Scope and Process of Financial Analysis Explain the Applications of Financial Analysis Describe the Disciplines Involved in Effective Analysis of a Company s Financial Statements and Reports Describe the Objectives That Drive the Financial Analysis Process Cash Flow Statement Describe How the Cash Flow Statement Relates to the Income Statement Demonstrate Cash Flow Calculations Explain the Concept of Free Cash Flow Calculations Presenting Data Analysis Results Effectively Present the Results of Financial Analysis Projects and Tasks to Various Levels of Management Compare Analysis Results to Other Companies Results Income Statement Describe the Components of an Income Statement Describe the Use of Common Size Income Statements Demonstrate How to Interpret the Various Returns Presented on the Income Statement Balance Sheet Describe the Interrelationships Among the Components of the Balance Sheet Describe How to Project the True Market Value of a Company Using Market Capitalization Calculations Explain the Unique Aspects of the Balance Sheet Project Unrecorded Long-Term Debt Associated with Operating Leases and Other Off-Balance Sheet Financing instruments Explain the Meaning of WACC

9 Subject Areas Fundamentals of Accounting & Finance for Non-Financial Managers Understanding Financial Statements Financial Analysis Fundamentals of Financial Modeling and Forecasting Advanced Financial Modeling and Forecasting Debits & Credits: How Accounting Really Works Fundamentals of Cost Accounting Appendix Our People Course Pricing Course Calendar Contact Us

10 Financial Analysis Master financial analysis and keep your profit outlook right on the money. Accurate financial analysis is a fundamental element of growth, strategy and overall success. Understanding how to use financialindicators and benchmarks allows you to allocate resources and evaluate potential projects for maximum return-on-investment. Financial analysis takes the guesswork out of the planning process and enables you to keep tabs on how your business is performing. If your job requires a firm grasp of financial situations, then this hands-on comprehensive training is for you. You ll review proven analytical tools and develop a keen understanding of how and when to use them to improve your company s profit picture. How You Will Benefit Identify current vital financial indicators that are important to your organization Comprehend financial forecasting techniques that can enable management to make truly informed decisions Apply methods that can improve your company's profit picture and your stockholders' investment Know your firm's finances and what that means for the present and future What You Will Cover Your Role in Corporate Planning - Strategic planning - Capital budgeting - Financial forecasting How to Increase Company Value - Drivers of shareholder value creation - Economic Value-Added model How to Evaluate Capital Investment Proposals - How to use financial forecasting to make accurate evaluations of proposed projects - Income tax aspects of capital investments - Alternative investment proposals How to Measure Management Performance - Balance sheet analysis DuPont formula, ROI, ROA, ROE - Evaluating profit margins, asset turnover (efficiency) and leverage - Income statement analysis EPS, ROS - Past performance and project outcomes - Benchmarking company performance

11 Financial Analysis What You Will Cover (contd.) How to Use Cash Flow Analysis - Cash flow from operations, investing and financing - Ratios and metrics you can use - Identifying patterns of value - Interpreting FAS 95 "Statement of Cash Flows" - Cash flow performance indicators profitability, liquidity and solvency How to Interpret and Evaluate Financial Information - Financial statement analysis - Managing capital debt and equity - What a financial analyst looks for Capital Asset Pricing Model (CAPM): How to Calculate Present Value - The time value of money - Internal rate of return (IRR) - Net present value (NPV) - Calculation of compound growth rate - Estimation, payback and terminal value - Discounted cash flow Who Should Attend Persons with financial responsibility or seeking a refresher in analysis -including financial analysts, accountants, project managers, budget analysts, vice presidents of finance, controllers and treasurers. Others interested in Financial Analysis. Note: Please bring your organization s financial statement and a financial calculator Learning Objectives Analyze Financial Statements Apply Financial Analysis Methods and Tools to Measure Performance Against Internal and External Standards and Industry Benchmarks Make Sound Decisions Based on Accurate Assessments of Business Performance and Results Ask Better Questions to Gain a Clearer Understanding of the Business, and Focus Attention on Areas of Greatest Impact More Effectively Manage Value in the Business Recommended prior training: UNDERSTANDING FINANCIAL STATEMENTS

12 Financial Analysis The Nature of Financial Analysis List the Principal Questions Answered By Financial Analysis Identify the Financial Statement Sources of Data Used in Financial Analysis List the Major Tools Used in Financial Analysis The Planning Cycle Identify Components of the Planning Cycle Describe the Role of the Financial Analyst Income Statement and Balance Sheet Identify Key Accounts and Subtotals of the Income Statement Identify the Major Sections of the Balance Sheet and How Analysts Use Them Explain Why Companies Own Assets and How They Pay for Them Use Common Size Financial Statements Measurement of Performance Calculate the Solvency Ratios, Liquidity Ratios, and Profitability Ratios Explain How Ratios Relate to the Creation of Shareholder Value Define How Growth Rates Are Used to Indicate Performance Creating Shareholder Value Calculate a Company s Weighted Average Cost of Capital and Total Capital in Accordance with CAPM Use Bond Rating Information to Manage Leverage Analyzing Enterprise Investments: The Theory of Interest and the Time Value of Money Use a Financial Calculator Calculate Future Value, Present Value, and Compound Growth Rates Calculate and Understand Internal Rate of Return Calculate the Present Value of a Perpetuity Analyzing Enterprise Investments: Capital Project Evaluation Define the Steps Necessary to Perform a Capital Project Evaluation Create a Spreadsheet to Describe a Project Choose a Hurdle Rate for a Project Apply the Major Techniques: NPV, IRR, EPVI, Payback Give a Definition of Terminal Value Price an Acquisition Cash Flow Analyze a Company s Gross Cash Flow from Operating, Investing and Financing Activities Describe Why an Analysis That Fails to Take Cash Flow into Account Is Inadequate Define a Company s Free Cash Flow Use Cash Metrics to Measure Value Creation

13 Subject Areas Fundamentals of Accounting & Finance for Non-Financial Managers Understanding Financial Statements Financial Analysis Fundamentals of Financial Modeling and Forecasting Advanced Financial Modeling and Forecasting Debits & Credits: How Accounting Really Works Fundamentals of Cost Accounting Appendix Our People Course Pricing Course Calendar Contact Us

14 Fundamentals of Financial Modeling and Forecasting Build more powerful and more accurate forecasting models to better analyze financial data, predict revenues and costs, assessrisks and justify critical business decisions. Forecasting is critical to the functioning and success of every business, from small companies to giant corporations. In thishands-on training, you ll discover the basics you need to assemble data and build forecasts that help power the operations, finance, production and planning functions in your organization. You ll master the foundational vocabulary and skills to create forecasts on your own and learn to translate and appraise the forecasts of others. In addition, you ll understand how to interpret the meaning of any forecast, whether it s your own company s or that of the competition. Whether you re new to forecasting or simply in need of a briskly-paced refresher, this training will help you see into and plan your company s future! How You Will Benefit Gather the basic facts necessary to start building a forecast Limitations what forecasts can and cannot do Choose the proper forecasting technique given available data and forecast goals Critique and interpret forecasts and their implications Utilize powerful MS Excel tools with uses transferable to other disciplines Master and use statistical tools to make better forecasts Use Excel tools to present forecast data to executive management What You Will Cover Introduction to business forecasting Basic statistical techniques techniques and methods Getting started: making underlying assumptions Identifying data patterns: exploratory analysis concepts Time series and their components The use of Excel as your forecasting tool performance measurements Summarizing and displaying data in Excel Build a comparables analysis- trading comps Who Should Attend Any financial professional who needs to create, maintain and improve the forecasting process at his or her company, as well as professionals in any function who must interpret, analyze and make decisions based on forecasts created by others. All those seeking to truly understand and derive value from businesses underlying mechanics. Non-financial managers and entrepreneurs are encouraged to attend. Those with minimal finance experience should attend Alpha Review s Fundamentals of Finance and Accounting for Non-Managers. Please bring a laptop equipped with Excel Recommended subsequent training: ADVANCED FINANCIAL MODELING AND FORECASTING

15 Fundamentals of Financial Modeling and Forecasting Historical Financial Results Input Historical Results Calculate Historical Growth Rates and Margins Create Assumptions and Business Drivers Projections Project 5 years of Revenues and Costs Profitability from Revenues down to EPS Discounted Cash Flows Translate Model into a Discounted Cash Flow analysis Formatting & Presentation Hardcodes vsformulas: Learn how to apply International Level of Formatting Data for easy comparison globally Enterprise Value Calculate Enterprise Value down to Equity Value and ultimately down to the Stock Price per Share Trading Comparables Build an analysis of trading statistics that can be used to compare companies across an industry; provides current snapshot of the current public market valuation.

16 Subject Areas Fundamentals of Accounting & Finance for Non-Financial Managers Understanding Financial Statements Financial Analysis Fundamentals of Financial Modeling and Forecasting Advanced Financial Modeling and Forecasting Debits & Credits: How Accounting Really Works Fundamentals of Cost Accounting Appendix Our People Course Pricing Course Calendar Contact Us

17 Advanced Financial Modeling and Forecasting Build more powerful and more accurate forecasting models to better analyze financial data, predict revenues and costs, assessrisks and justify critical business decisions. Build the model, generate the forecast, drive the business! Create more powerful and accurate forecasting models that steer you to fast-track, businessimproving decision making! How You Will Benefit Create effective financial models that meet your business needs Quantify the uncertainty inherent in forecasting models with various risk analysis techniques Make better, more profitable business decisions using advanced financial modeling methods Evaluate patterns in your historical data Identify and utilize key business drivers and integrate them into your forecast Effectively communicate the results of your models to team members and senior management What You Will Cover Working with advanced Excel modeling techniques Creating your own model from real-world examples Analyzing and applying diagnostics to validate your forecast Ratios and Multiples Detailed Valuation Analysis and Modeling Become super-efficient in Excel through intensive use of keyboard shortcuts and best practices Who Should Attend Analysts and executive-level managers who work with financial models andneed a refresher course on modeling methods as well as experienced financial professionals who have not built models on a regular basis. Those with minimal finance experience should attend Alpha Review sfundamentals of Finance and Accounting for Non-Managers and Fundamentals of Financial Modeling and Forecasting Please bring a laptop equipped with Excel Learning Objectives Use Mainstream Financial Concepts and Terminology Develop Financial Models in Excel Analyze Your Model and Provide Diagnostics Analyze and apply diagnostics to validate your forecast Identify Uncertainty in the Model and Design Methods to Address It Value a company using excel- Discounted Cash Flows, Internal Rate of Returns, Net Present Values and Multiples (EV/EBITDA) Recommended subsequent training: FUNDAMENTALS OF FINANCIAL MODELING AND FORECASTING

18 Advanced Financial Modeling and Forecasting Finance Theory As Used in Modeling Apply the Concepts of Modern Finance Develop Models That Are Consistent with the Principles of Finance Creating Financial Models in Microsoft Excel Develop a Set of Guidelines for Preparing Financial Models in Microsoft Excel Identify Key Tips for Preparing These Models Use Various Microsoft Excel Functions That Will Aid in Developing Models Prepare a Basic Model Using These Techniques Corporate Valuation Methodologies & Valuation Modeling Value companies using Discounted Cash Flows, Internal Rates of Returns, Data Tables, Net Present Value and Multiples (EV/EBITDA) The Art of Building Models Identify the Key Points Necessary to Build a Model Describe the Art in Creating an Effective Model Create a New Model Solving a Business Problem Modeling Risk and Uncertainty Identify Uncertainty as It Exists in the Business World Develop Simple Techniques to Handle Uncertainty Course Summary Build a fully integrated financial statement projection model with income statement projections, a self-balancing balance sheet, an automated cash flow statement

19 Subject Areas Fundamentals of Accounting & Finance for Non-Financial Managers Understanding Financial Statements Financial Analysis Fundamentals of Financial Modeling and Forecasting Advanced Financial Modeling and Forecasting Debits & Credits: How Accounting Really Works Fundamentals of Cost Accounting Appendix Our People Course Pricing Course Calendar Contact Us

20 Debits & Credits: How Accounting Really Works Master the principles of basic accounting! Make better strategic decisions and move business forward by better understanding financial reports. The language of business in every industry around the globe is rooted in the basic accounting equation. So keep your accountantson their toes and make sure your books are sound. Use basic accounting principles to uncover and correct problems quickly by double-checking how sales,expenses, equity and debt are recorded. Developed for business professionals who have no work experience in accounting, this training walks you through basic accounting and gives you the skills and confidence to speak the language of business like an accounting pro. How You Will Benefit Make more informed decisions and save money Reduce costly errors caused by misunderstanding reports Understand how and when sales and expenses are recorded Impact the bottom line Control how your operation s results are reported Evaluate the financial results of another division or company What You Will Cover Basic accounting terms and concepts Basic accounting processes and what they mean: cash accounting, accruals, allocations, prepaids, receivables, depreciation, amortization, goodwill, inventory, deferrals, reserves How transactions are entered into financial records Financial reports: including balance sheet, income statement and changes in equity Month-end closings: what to expect Who Should Attend Managers and supervisors who do not work in accounting, but who need to know how basic accounting works; anyone who has recentlyassumed accounting responsibilities. Entrepreneurs thirsty for knowledge and skills in accounting. Others interested in understanding How Accounting Really Works Learning Objectives Demonstrate How Debits and Credits Work Together in the Accounting System Identify the Various Steps of the Accounting Cycle Explain the Audit Trail in the Accounting Cycle to Find and Correct Inputs to the System Identify How Your Responsibilities Fit in the Accounting Process Communicate Confidently Using Accounting Terminology and Acronyms Conduct Each of the Nine Steps of the Accounting Cycle Recommended subsequent training course: FUNDAMENTALS OF COST ACCOUNTING

21 Debits & Credits: How Accounting Really Works Introduction to Accounting The Definition of Accounting The History of Accounting The Difference between Accounting and Finance The Different Types of Accounting The Difference between Financial Accounting and Management Accounting Basic Concepts of Cost Accounting Book Accounting vs. Tax Accounting The Financial Objectives of Organizations Accounting Theory Organizations That Influence Financial Accounting Generally Accepted Accounting Principles (GAAP) Accounting Rule-Making Bodies Around the World Accounting Concepts, Principles, and Bases Role of the International Accounting Standards Board (IASB) Accounting Structure and Terminology Economic Events Major Types of Accounts How Account Balances Are Measured The Uniform System of Accounts (Chart of Accounts) Double-Entry Accounting Debits and Credits The Accounting Equation T-Accounts Balancing the Accounts The Accounting Cycle The Accounting Cycle The Elements of the Basic Accounting Cycle Business Documents Journals and Journal Entries Ledgers and Posting to the Ledgers The Trial Balance The Work Sheet Adjusting Entries and Closing Entries Financial Statements Periodic Reporting and the Reporting Year The Four Major Financial Statements The Purpose of Financial Statements The Structure and Form of Financial Statements The Income Statement The Balance Sheet The Statement of Retained Earnings The State of Cash Flows Accounts with Special Rules Multiple Entry Transactions Asset Capitalization Fixed Assets and Depreciation Amortization of Intangibles Prepaid Expenses Accounts Receivable Bad Debts Revenue Recognition Inventory Marketable Securities Leases Reserves and Accruals

22 Debits & Credits: How Accounting Really Works Evaluating Financial Statements Financial Statements Key Financial Ratios Liquidity Ratios Leverage Ratios Profitability Ratios Weighted Average Cost of Capital (WACC) Economic Profit Future Trends in Accounting New Directions in Accounting Financial Information Systems The Various Tools and How They Are Used The Buzzwords Currently Influencing the Profession Creative Accounting The Future of Accounting and Its Place in the 21st Century

23 Subject Areas Fundamentals of Accounting & Finance for Non-Financial Managers Understanding Financial Statements Financial Analysis Fundamentals of Financial Modeling and Forecasting Advanced Financial Modeling and Forecasting Debits & Credits: How Accounting Really Works Fundamentals of Cost Accounting Appendix Our People Course Pricing Course Calendar Contact Us

24 Fundamentals of Cost Accounting Know where every dollar goes learn how to implement an effective cost accounting system. Use cost accounting to effectively control operations! Top management is keeping a sharp eye on where every dollar goes. Thistraining provides you with all the tools and information to put the best practices of cost accounting to work for your company. How You Will Benefit Apply cost accounting methods to identify profitable products and services Analyze reports to make sound pricing decisions Compare cost systems and choose the one that s right for your company Evaluate results against budgets with greater accuracy Use cost accounting methods to optimize the use of people, resources and materials What You Will Cover Relating cost accounting to financial accounting and the planning and control process Budgets as a tool within both traditional and ABC cost systems Enhancing budgeting accuracy Product costing systems and accounting for overhead Activity-based costing for management control Standard costing and variance analysis Variance analysis for material, labor and overhead variances Requirements for establishing a direct costing system Who Should Attend Accountants, accounting managers, cost accountants, cost analysts, budget analysts, systems analysts, auditors and financial planners. Entrepreneurs thirsty for knowledge and skills in accounting. Others interested in Cost Accounting. Learning Objectives A Better Comprehension of What Cost Accounting Is and How It Related to Financial Statements and Internal Reports An Understanding of Various Methods Used to Collect Costs and Assign Both Direct Costs and Overhead to Various Products and Services The Means and Understandings to Analyze Variances from Standard Costs and Determine the Cause of Those Variances Tools for Analyzing the Impact of Changes in Costs, Volumes and/or Profits Through Break-Even and Contribution Margin Analysis An Understanding of What Costs Are Relevant in Decision-Making An Introduction to (or Refresher in) ROI Analysis, Both for Specific Projects and General Business Situations The Ability to Go Back to Jobs and Apply Techniques Learned to Better Use Systems Already in Place, or to Help Implement New Systems; and/or the Ability to Return to Jobs and Ask Appropriate Questions About the System Currently Being Used Recommended prior training: DEBITS & CREDITS: HOW ACCOUNTING REALLY WORKS

25 Fundamentals of Cost Accounting Introduction to Cost/Managerial Accounting Understand the Place of Cost or Managerial Accounting in Relationship to Financial Accounting Understand the Planning and Control Process and Its Relationship to Cost Accounting Recognize and Understand Specific Cost-related Terminology Budgeting Relate Budgets to the Planning and Control Process Recognize the Use of Budgets as a Tool within Both Traditional and ABC Cost Systems Recognize Techniques to Enhance Budgeting Accuracy and Make Budgets More Relevant Product Costing Systems and Accounting for Overhead Understand the Application and Uses of Job Order Costing Understand the Application and Use of Process and Operational Costing Understand Reasons Behind Overhead or Burden Rates Identify Several Different Methods of Associating or Applying Overhead to Various Products and Services, and the Implications of Using Each Method Activity-Based Costing for Management Control Understand Reasons for Using Activity-Based Costing as Opposed to Traditional Methods Understand the Basic Process of Identifying Activities Understand the Basis for Costing Activities Understand How Products or Services are Costed Using ABC Standard Costing and Variance Analysis Understand Why Standards Are Used Understand Different Approaches to Setting Standards, and the Implication of Each Approach Understand What Is Included in Each Standard Understand When Standards Should Be Changed Understand What Happens When Standards Are Changed Understand the Process of Variance Analysis for Material, Labor, and Overhead Variances Absorption Versus Direct Costing Understand Implications for Unit Product or Service Costs of Fixed and Variable Cost Behaviors Understand Difference between Absorption and Direct Costing Methods Understand the Organizational Levels at Which Direct Costing May be Appropriate, and the Uses of Direct Costing Information Recognize the Process and Requirements for Establishing a Direct Costing System Cost-Volume-Profit Analysis Understand the Concept of Break-even Analysis in Units and in Shillings, and the Appropriate Use of Each Understand the Implications of Operating Leverage Understand Margin of Safety and Its Impact on Decisions to Add Fixed Costs or to Change Cost Structures Understand the Use of Contribution Margin in "What-if" Analysis

26 Fundamentals of Cost Accounting Relevant Costing and the Contribution Approach to Decision Making Determine What Costs Are Considered Relevant in a Decisionmaking Process Apply Relevant Costing to Evaluate Different Scenarios in Making Decisions Understand Relevant Costs When Considering Accepting Business at a Special Price Understand Relevant Costs When Considering Dropping a Product Line or Closing a Facility Understand Relevant Costs When There Are Limiting Factors of Production Return on Investment Analysis Understand, Calculate and Understand the Appropriate Use of ROI Analysis for Specific Projects - Payback - WACC and Hurdle Rates - NPV - IRR Understand, Calculate, and Appropriately Use ROI Analysis Related to Ongoing Businesses - ROI - ROIC - ROA -RONA-ROCE - DuPont Formula - Residual Income (EVA) Understand Internal Cash Management Ratios - Cash Conversion Cycle - Burn Rate - Turn and Earn

27 Subject Areas Fundamentals of Accounting & Finance for Non-Financial Managers Understanding Financial Statements Financial Analysis Fundamentals of Financial Modeling and Forecasting Advanced Financial Modeling and Forecasting Debits & Credits: How Accounting Really Works Fundamentals of Cost Accounting Appendix Our People Course Pricing Course Calendar Contact Us

28 Our People We re a group of business lovers, problem solvers and critical thinkers. We re proud of what we ve been able to build; delivering superior value and convenience to our clients as well as helping improve the talent in our local economy. Work Experience Our team consists of individuals with diverse experience having worked for globally acclaimed companies including: PriceWaterhouseCoopers General Electric Black & Decker Coca-cola Deutsche Bank Development Partners International Charterhouse Group TransCentury British American Asset Managers Education Background Who dares to teach must never cease to learn -John Cotton Dana At Alpha Review we are aware of the continuous learning process we are in albeit our educational backgrounds that include: Harvard Business School The University of Texas Towson University University of Baltimore University of Kent Chartered Financial Analysts (CFA) Certified Public Accountants (CPA)

29 Course Pricing COURSE TOPICS DATES FEES EXCLUSIVE OF VAT (Ksh) Fundamentals of Accounting & Finance for Non- Financial Managers Basic Accounting Concepts Understanding Financial Statements Reviewing an Annual Report Evaluating a Company Financial Statements Improving Profitability through Cost Analysis and Profit Planning Capital Expenditure Analysis Budgeting More Effectively Q1: (M1) Feb 2, 9, 16, 23 (M2) Mar 9, 16, 23 Apr 6 Q2: (M1) May 4, 11, 18, 25 (M2) Jun 8, 15, 22, 29 Q3: (M1) Aug 3, 10, 17, 24 (M2) Sep 7, 14, 21, 28 35,950 10% off for 3 or more people enrolling together 10% off any training of your choice having completed this training module and subsequently enrolled in another training of your choice in the same or immediate subsequent Q4: (M1) Oct 12, 19, 26 Nov 2 (M2) Nov 16, 23, 30 Dec 7 quarter 2 MODULES PER QUARTER SATURDAYS 8.30AM TO 1PM Understanding Financial Statements Overview of Financial Statement Analysis The Scope and Process of Financial Analysis Income Statement Balance Sheet Cash Flow Statement Presenting Data Analysis Results Q1: (M1) Mar 9, 16, 23 Apr 6 Q2: (M1) Jun 8, 15, 22, 29 Q3: (M1) Sep 7, 14, 21, 28 Q4: (M1) Nov 16, 23, 30 Dec 7 35,520 10% off for 3 or more people enrolling together 1 MODULE PER QUARTER SATURDAYS 8.30AM TO 1PM

30 Course Pricing COURSE TOPICS DATES FEES EXCLUSIVE OF VAT (Ksh) Financial Analysis The Nature of Financial Analysis The Planning Cycle Income Statement & Balance Sheet Measurement of Performance Cash Flow Creating Shareholder Value Analyzing Enterprise Investments: The Theory of Interest & Time Value of Money Analyzing Enterprise Investments: Capital Project Evaluation Q1: (M1) Mar 9, 16, 23 Apr 6 Q2: (M1) Jun 8, 15, 22, 29 Q3: (M1) Sep 7, 14, 21, 28 Q4: (M1) Nov 16, 23, 30 Dec 7 36,380 10% off for 3 or more people enrolling together Fundamentals of Financial Modeling & Forecasting Historical Financial Results: Growth Rates and Margins Projections: Project Revenues & Costs (profitability down to EPS) Translate Model into a Discounted Cash Flow analysis Formatting & Presentation: Internationally Recognized Techniques Enterprise Value: Down to Equity Value and ultimately down to stock price per share Trading Comparables 1 MODULE PER QUARTER SATURDAYS 8.30AM TO 1PM Q1: (M1) Feb 2, 9, 16, 23 Q2: (M1) May 4, 11, 18, 25 Q3: (M1) Aug 3, 10, 17, 24 Q4: (M1) Oct 12, 19, 26 Nov 2 1 MODULE PER QUARTER SATURDAYS 8.30AM TO 1PM 38,100 10% off for 3 or more people enrolling together 10% off Advanced Financial Modeling & Forecasting training having completed training module and subsequently enrolled in Understanding Financial Statements in the same quarter

31 Course Pricing COURSE TOPICS DATES FEES EXCLUSIVE OF VAT (Ksh) Advanced Financial Modeling & Forecasting Finance Theory As Used in Modeling Creating Financial Models in Excel Valuations The Art of Building Models Modeling Risk and Uncertainity Q1: (M1) Mar 9, 16, 23 Apr 6 Q2: (M1) Jun 8, 15, 22, 29 Q3: (M1) Sep 7, 14, 21, 28 40,700 10% off for 3 or more people enrolling together Q4: (M1) Nov 16, 23, 30 Dec 7 1 MODULE PER QUARTER SATURDAYS 8.30AM TO 1PM Debits & Credits: How Accounting Really Works Introduction to Accounting Accounting Theory Accounting Structure and Terminology The Accounting Cycle Financial Statements Accounts with Special Rules Evaluating Financial Statements Future Trends in Accounting Q1: (M1) Feb 2, 9, 16, 23 Q2: (M1) May 4, 11, 18, 25 Q3: (M1) Aug 3, 10, 17, 24 Q4: (M1) Oct 12, 19, 26 Nov 2 35,660 10% off for 3 or more people enrolling together 10% off Fundamentals of Cost Accounting training having completed training module and subsequently enrolled in Fundamentals of Cost Accounting in the same quarter 1 MODULE PER QUARTER SATURDAYS 8.30AM TO 1PM

32 Course Pricing COURSE TOPICS DATES FEES EXCLUSIVE OF VAT (Ksh) Fundamentals of Cost Accounting Introduction to Cost/Managerial Accounting Budgeting Product Costing Systems and Accounting for Overhead Activity-Based Costing for Managerial Control Standard Costing and Variance Analysis Absorption Versus Direct Costing Cost-Volume-Profit Analysis Relevant Costing and the Contribution Approach to Decision Making Q1: (M1) Mar 9, 16, 23 Apr 6 Q2: (M1) Jun 8, 15, 22, 29 Q3: (M1) Sep 7, 14, 21, 28 Q4: (M1) Nov 16, 23, 30 Dec 7 37,240 10% off for 3 or more people enrolling together 1 MODULE PER QUARTER SATURDAYS 8.30AM TO 1PM Note Contact Us for corporate packages..

33 Course Calendar Quarter 1 JANUARY FEBRUARY MARCH Saturday Saturday Saturday Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & 30 EASTER HOLIDAY Note This calendar is subject to change. Any changes will be communicated in advance. We are obliged to cancel or postpone due to lack of quorum.

34 Course Calendar Quarter 2 APRIL MAY JUNE Saturday Saturday Saturday Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & 29 Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Note This calendar is subject to change. Any changes will be communicated in advance. We are obliged to cancel or postpone due to lack of quorum.

35 Course Calendar Quarter 3 JULY AUGUST SEPTEMBER Saturday Saturday Saturday 6 3 Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Note This calendar is subject to change. Any changes will be communicated in advance. We are obliged to cancel or postpone due to lack of quorum.

36 Course Calendar Quarter 4 OCTOBER NOVEMBER DECEMBER Saturday Saturday Saturday 5 2 Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Understanding Financial Statements Debits & Credits: How Accounting Really Works Fundamentals of Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Financial Analysis Fundamentals of Cost Accounting Advanced Financial Modeling & Note This calendar is subject to change. Any changes will be communicated in advance. We are obliged to cancel or postpone due to lack of quorum.

37 Contact Us Website Phone Training Center Offices : : training@alphareview.com : : Nairobi International School : Quarry lane, Karen