Financial Analysis, Budgeting and Reporting - LCT

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Planning Officer
Tanzania Petroleum Development Corporation (TPDC)

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Financial Analysis, Budgeting and Reporting

Course Ref: FIN.2

Course Subject: Finance

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Dates for This Course

Who should attend?

  • This course is designed for executives and managers who need, or wish, to understand the various financial aspects of business. It will be appropriate for those who wish to learn the concepts, processes and techniques of budgeting and how these key principles impact on financial reporting.
  • A course for those who may be held accountable for financial performance, this is a nicely packaged course for professionals who need to understand business information on both a micro and a macro level.

Learning Objectives

  • To understanding the fundamentals of Finance
  • To highlight the budgeting process and what is involved
  • To measure budgetary performance
  • To explore the different cost control measures
  • To look beyond the financials
  • To understand the key principles and application of IFRS
  • To appreciate the impacts of capital composition structures
  • To conduct effective investment appraisals
  • To build and manage complex budgets

Course Content

Understanding the Fundamentals of Finance

  • Making sense of accounting jargon
  • The various types of profit
  • Profit v Cash, and how there is a difference
  • P&L, Balance sheet and Cash-flow and the differences between them.
  • Accruals: what are they and why they are important

Budgeting Process

  • Different types of budgets
  • How to monitor your budget
  • Calculating variances and what they mean
  • Issues to be aware of when setting budgets
  • Understanding the financial processes involved

Evaluating Cost Control

  • Highlight the different types of costs
  • The use of cost centres and other cost control techniques
  • Exploring the various costing methods
  • Understanding cost interdependencies
  • When is it Capex and when is it Opex, and why this matters?

Measuring Performance

  • The use of relevant ratios and what they mean
  • Reading financial statements
  • Managing your Working Capital
  • Financial accounting and how it differs to management accounting

Decision-making and Looking Beyond the Financials

  • Decision-making with breakeven analysis
  • Awareness of the non-financial implications of budgeting
  • Difficulties in using and interpreting non-financial information
  • Models for evaluating financial and non-financial performance

The Principles and Impact of IFRS

  • Key principles of IFRS
  • The IFRS Standards
  • The impact of IFRS upon financial reports
  • Ensuring compliance

Capital Composition Structures

  • Forms of capital composition
  • The impact of gearing
  • Debt v equity
  • Balancing capital structures

Investment Appraisal

  • Establishing investment outcomes – pure return, defensive, income led, strategic
  • Types of investment within the marketplace
  • Investment appraisal – ROI, yield, opportunity cost
  • The use of leveraged financial instruments

Risk Analysis

  • The concept of risk analysis
  • Probability analysis
  • Scale and impact analysis
  • Integrating risk analysis within investment strategy