With seismic changes continuing to occur in the financial services industry worldwide, professionals who manage risk, money and investments are recognizing the need to objectively demonstrate a globally standardized level of up-to-date industry knowledge, and through this course the learners can aspire to achieve this objective.
Taking risk is an integral part of the any business, it is not surprising that most of the orgranisations have been practicing risk management ever since or else the industry could not have survived. But the only real change now is the degree of sophistication now required to reflect the more complex and fast-paced environment in global businesses. Students of this course will learn the following key topics:Understand the planning, budgeting and forecasting concepts of finance management. Understand the mechanisms to measure and control performance. Understand internal control environment and management of risk. Understand the financial statement and decision analysis.
Planning process; budgeting concepts; annual profit plans and supporting schedules; types of budgets including activity-based budgeting, project budgeting, flexible budgeting; top-level planning and analysis; and forecasting, including quantitative methods such regression analysis and learning curves.
Factors to be analyzed for measuring and controlling performance evaluation including revenues, costs, profits, and investment in assets; variance analysis based on flexible budgets and standard costs; responsibility accounting for revenue, cost, contribution and profit centers; and balanced scorecard.
Risk assessment; internal control environment, procedures, and standards; responsibility and authority for internal auditing; types of audits; and assessing the adequacy of the accounting information system controls
Processes for managing operational risk, hazard risk, financial risk, and strategic risk; and ERM.
Principal financial statements and their purposes; limitations of financial statement information; interpretation and analysis of financial statements including ratio analysis and comparative analysis; market value vs. book value; fair value accounting; international issues; major differences between IFRS and U.S. GAAP; off-balance sheet financing; Cash Flow Statement preparation, analysis, and reconciliation; and earnings quality.
Relevant data concepts; cost-volume-profit analysis; marginal analysis; make vs. buy decisions; pricing; income tax implications for operational decision analysis.
How to use the concept of \'shareholder value\' in making better business decisions; Methods of evaluating evaluate \'shareholder value\'; Link Value to Value based Management ;Value based management and how it is achieved ; How to value long term business and corporate value growth targets. 8.Rationale and drivers for undertaking corporate re-structuring; Identifying Targets and determination of \'Strategic Fit\'; Valuation principles of M&As and Disposals; Determination and valuation of Synergies; Types of acquisitions and their implications; Interesting cases of hostile acquisitions, price wars; Key steps of and M&A and Divestment transaction.
About Course Provider
Westford School of Management offers a range of UK bachelor degrees and graduate programs in UAE through our partnerships with British universities. These courses include MBAs, PGPM, and BA/BBAs that focuses on business and liberal arts subjects. We only work with the best education providers in the UK to ensure our students are offered only the best courses and leave our campus with the knowledge and skills they need to excel in the world of business and finance.
We specialize in offering courses to professionals who wish to hone their skills and improve their career prospects through higher education. Our Postgraduate Diplomas for professionals include Islamic banking, supply chain and logistics, human resources, and project management. These graduate programs in UAE are all designed to fit in around your current working demands, so you can develop your skills while still maintaining your career.