CERTIFIED COST CONTROLLER COURSE OUTLINE:
Nature And Objectives Of External Financial Reporting
• The objective of financial reporting
• The regulatory environment
• Strategic role of financial information
Reporting Mechanisms And The Operation Of
The Financial Markets
• Types of reports
• Relationship between the significant financial statements
• The annual report – a more detailed analysis
• Manipulation of accounting reports – creative accounting
• Overview of the financial markets
New Developments In Financial Reporting
• Triple bottom line reporting
The Changing International Scene In Financial Reporting
• The introduction of the international accounting standards
Recent Changes To The International Standards
• An update on the introduction of new standards
ash Flow Statement, Cash Management And Working Capital
• Structure and purpose of the cash flow statement
• Liquidity and solvency issues
• Effective cash management
• Optimizing the investment in working capital
• New emphases on cash – e.g. Free cash flow
Financial Statement Analysis
This session looks at the methods used for measuring companies’ financial performance. It looks at the traditional measures of analysis and then extends the analysis to include issues such as measuring cash flow.
• Risk analysis
• Common size financial statements
• Horizontal analysis
• Trend analysis
• Ratio analysis
Alternative Ways Of Assessing Company Performance And Viability of Emerging Markets
• Different methods of predicting corporate failure, including the Altman Z Score and Argenti models
• Use of Free Cash Flow as a measure of corporate efficiency
• Looking at the sustainability of organizations to maintain their growth
Business Valuation
• A look at valuation approach and methodology
Measuring And Managing Intellectual Capital And Intangible Assets
• Sunrise in the new economy – a look at value shift
• Identifying intangible assets/intellectual capital
• The valuation proposition – why valuation is important
• Capital market effects of valuation
• Approaches to valuation
• Evidence in practice – companies that are measuring and reporting intellectual capital – how, why, and the benefits conferred
