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Angola’s Financial Professionals Get Essential Compliance Training
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In a bid to enhance financial literacy and ensure regulatory compliance among its professionals, AZTech has introduced a comprehensive Business Financial & Accounting Skills training program in Angola. The 5-day course is designed to equip participants with the necessary knowledge and skills to navigate complex financial landscapes and make informed business decisions.
Key Focus Areas
The training course covers essential topics such as:
- Cost analysis: determining full costs of outputs, linking strategy to costing and performance evaluation.
- Budgeting: computing flexible-budget variances and sales-volume variances.
- Management control: traditional vs. advanced techniques in cost-control.
- Performance evaluation: broadening performance measurement systems using balanced scorecards and six-sigma.
Who Should Attend
This AZTech training course is ideal for a wide range of professionals in Angola, including:
- Financial controllers
- Treasurers
- Inventory professionals
- Accountants
- Planners
- Cost professionals
- Anyone responsible for any portion of the planning process
New interns and trainees with finance-related responsibilities will also benefit from this comprehensive program.
Interactive Learning
The training course will be presented through a combination of:
- Formal lectures
- Case studies
- Interactive worked examples
- Practical exercises
- Visual aids to minimize difficult mathematical concepts and make learning easy and effective.
Course Content Highlights
Day One: Management and Financial Accounting - Key Concepts and Terminologies
- Identify the major differences and similarities between financial and managerial accounting.
- Understand the role of management accountants in an organization.
- Linking strategy to planning and costing.
Day Two: Cost Analysis
- What is costing?
- Cost concepts and terminology
- Different costs for different purposes
- Fixed vs. variable costs: The cost-volume-profit analysis model
Day Three: Traditional vs. Advanced Techniques in Cost-control
- Under-costing and over-costing: The consequences for profitability
- How to refine a costing system?
- Indirect vs. direct costs
- Traditional cost allocations systems vs. activity-based costing
Day Four: Budgeting - Flexible Budgets and Variance Analysis
- The role of budgeting
- Define the master budget and explain its major benefits to an organization
- Compute flexible-budget variances and sales-volume variances
Day Five: Measuring Corporate Performance - The Balanced Scorecards and Six-Sigma
- Broadening performance measurement systems
- The key role of customer satisfaction and business process re-engineering
- Introducing the balanced scorecard
- Introducing six-sigma
Certificate of Completion
Upon completing the course, participants will receive an AZTech Certificate of Completion, acknowledging their successful completion of the Business Financial & Accounting Skills training program.