Description
Financial Management & Cost Accounting
After the successful completion of the programme, the student will receive a certificate (NQF level 5) issued and endorsed by the UFS. Recognition to the Higher Certificate in Management Development is available.
To equip participants to grasp the concept of creating shareholders’ value through investment decisions, the financing decision, growth and operational decisions. Most business decisions impact directly on financial performance and cash flows.
It is important to analyse these decisions and its impact on the sustainable profitability of business, using actual problems and case studies.
In this programme participants will learn to:
- Read financial statements with an understanding of the basic accounting principles.
- Compile a budget, understanding the importance of cost behaviour and the break-even analysis.
- Analyse the financial statements using ratio analysis.
- Perform cost-volume-profit and break-even analysis.
- Integrate both financial and non-financial performance measures using balanced scorecards.
- Evaluate capital investment projects using discounted cash flow techniques.
- Compute the cost of capital, understanding the impact of risk on the required rate of return investors
- Comprehend the importance of sustainable growth and the impact of growth on the cash flows of the business.
- Assess the performance of different divisions using economics value added (EVA).
Programme Content
- Basic Accounting
- The Double-Entry Bookkeeping System
- Debits and Credits
- Preparing Annual Financial Statements
- Financial Management
- Financial Ration Analysis
- Managing Profits and Cash Flows
- The Investment Decision
- Financing Decision
- Dividend Decision
- Budgets
- Preparing Budgets
- Other Budgeting Methods
- Budgetary Control
- Break-Even Analysis
- Applications of the Break-Even Analysis
- Management Decision-Making: Relevant Cost
- Management Decision-Making: Quantitative Techniques
Your Lecturer for this online Programme: Financial Management & Cost Accounting
Dr Liezel Alsemgeest
Liezel completed her PhD thesis titled: The drivers of customer perception and sustainable profitability of an agricultural business in South Africa in 2011. She is also a lecturer for the first year B.IURIS students at the Centre for Financial Planning Law, as well as a Certified Financial Planner (CFP®). Her research mainly focuses on personal financial management and agricultural businesses.
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