Financial Decision Making course

▸Short course content:

The new ‘Financial Decision Making’ [FDM] course merges the accounting and finance courses into one, removing more specialist theoretical topics not relevant to managers today and importing critical new practical tools, making the course accessible and real-life focused. There is an emphasis throughout on the practical understanding and applications of all aspects of accounting and finance and a reduction in the calculative aspects of the subject. The aim of FDM is to equip students with a set of accounting and financial tools that enables them to interpret and critique financial information from a variety of sources and to make informed and effective financial decisions that directly impact their company operations and the stakeholders within.

▸Topics covered by the course:

The course starts with an introduction to the financial landscape within which organisations operate, then moves onto financial accounting and interpreting key performance indicators, the financing and management of working capital, management accounting with emphasis on decision-making tools and techniques and finally financial management, in particular, the investment, financing and dividend decisions.

First, to contextualise, the course describes ‘the financial landscape’. The course then examines the application of financial and management accounting ‘tools’ relevant to critical financial decisions, including key performance indicators, breakeven analysis, working capital management techniques and the budgeting process. This is followed by a consideration of financial management and the decisions faced by organisations on investment (what projects), finance (what type of finance) and dividend (pay or retain) and how an organisation analyses and takes action on each of those decisions. The course concludes with an introduction to exchange rate and interest rate risk management.

On completion of this course students will be able to:

  • Develop an applied understanding of finance and accounting concepts relevant to general management roles.
  • Critically analyse external financial statements and make informed decisions through the identification and application of appropriate KPIs
  • Evaluate management accounting decision-making techniques and apply them in relevant internal and external situations
  • Develop a critical awareness of the time value of money, risk, future returns and the capital investment decision
  • Engage effectively in management discussions on finance and accounting issues
  • Make informed, reasoned and sustainable decisions on capital investment programmes
  • Critically analyze and propose reasoned solutions to questions of capital allocation, retention and distribution

▸Who will benefit from the course:

▸ senior management, CEO, COO

line managers, heads of departments, project leaders

entrepreneurs

Video-presentation of the course:

Іван Компан_britishmba.in.ua

Course tutor - Ivan Kompan

Lecturer at the Edinburgh Business School and director of the Deloitte Academy. Mr. Kompan is a finance specialist with 25 years of experience. He held managerial positions in a number of large Ukrainian and international financial companies. Has the degree of candidate of sciences. During his academic career, Mr. Kompan was engaged in scientific research in the field of econometrics at the Sorbonne University (Paris), the Institute for Advanced Studies in Vienna, the Center for Economic Research of Charles University in Prague.

Olena Baryshnikova_britishmba.in.ua

Course tutor - Olena Baryshnikova

MBA, ACCA, IFA/IPA, certified auditor of APU, Ph.D., CIMA PM, founder of auditing firm "Lex Service" (since 1994), teaching experience - 18 years. Expert in finance, management accounting, business efficiency management, strategic planning. General Director of the Business Education Alliance since 2005. In 2006 and 2010, Ms. Baryshnikova was recognized as the best teacher of the year by the Institute of Financial Accountants (IFA, UK). Since 1999, she has been a member of the Ukrainian Federation of Professional Accountants, and in 2003 she received the "Golden pectoral" medal of honor from the American Chamber of Commerce for her contribution to the development of entrepreneurship in Ukraine.

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