:Module One
Nature And Objectives Of External Financial Reporting
a) The objective of financial reporting
b) The regulatory environment
c) Strategic role of financial information
?Where Has The Profession Gone Astray
a) A look at the Enron disaster
b) Its short term ramifications and reactions
c) Its long term implications
Reporting Mechanisms And The Operation Of The Financial Markets
a) Types of reports
b) Relationship between the major financial statements
c) The annual report – a more detailed analysis
d) Manipulation of accounting reports – creative accounting
e) Overview of the financial markets
:Module Two
New Developments In Financial Reporting
a) Triple bottom line reporting
b) Why is it used and what is the use of stakeholders?
The Changing International Scene In Financial Reporting
a) The introduction of the international accounting standards
b) What is the impact geographically throughout the world?
:Module Three
Recent Changes To The International Standards
a) An update on the introduction of new standards
b) What are the recent changes to the standards?
c) What impact are they going to have on the profession?
Cash Flow Statement, Cash Management And Working Capital
a) Structure and purpose of the cash flow statement
b) Liquidity and solvency issues
c) Effective cash management
d) Optimizing the investment in working capital
e) New emphases on cash – e.g. Free cash flow
:Group Exercise
:Module Four
Financial Statement Analysis
This session looks at the methods that are used for measuring financial performance of companies. It looks at the traditional measures of analysis and then extends the analysis to include issues such as measuring cash flow.
a) Risk analysis
b) Common size financial statements
c) Horizontal analysis
d) Trend analysis
e) Ratio analysis
Alternative Ways Of Assessing Company Performance And Viability of Emerging Markets
a) Different methods of predicting corporate failure, including the Altman Z Score and Argenti models
b) Use of Free Cash Flow as a measure of corporate efficiency
c) Looking at sustainability of organizations to maintain their growth
:Module Five
Business Valuation
a) A look at valuation approach and methodology
?b) Why value a company
?c) What are the methods used
Measuring And Managing Intellectual Capital
And Intangible Assets
a) Sunrise in the new economy – a look at value shift
b) Identifying intangible assets/intellectual capital
c) The valuation proposition – why valuation is important
d) Capital market effects of valuation
e) Approaches to valuation
f) Evidence in practice – companies that are measuring and reporting intellectual capital – how, why and the benefits conferred
:Group Exercise
Final Examination
The final examination will be in a Multiple-Choice format