CCC – Certified Master of Cost Control from the AAFM ®

COURSE OVERVIEW

This highly practical qualification has been specifically designed for those who have an understanding of the accounting processes. It assumes that there is this level of knowledge and provides new insights into the accounting and financial decision making processes. You will analyze case studies individually and in group discussions. Debate and interactive discussions are integral parts of the case study experience.

By Attending this intensive, interactive professional development program, you will be able to:

• Develop strategic decision models to improve your financial management

• Identify and forecast key value drivers and link them to financial strategy

• Leverage your organization’s financial position for maximum corporate gain

• Implement successful strategies to undertake the financial controllership process within your organization

• Drive financial decision-making within your Organization

Who Should Attend

• Finance Managers/Directors

• Financial Analysts

• Financial Controllers

• Financial Accounts Managers

• Heads of Finance Department

• Credit Controllers

• Corporate Financiers

• Credit Risk Managers

• Financial Advisors

• Plus anyone who works within the finance function and is interested in updating themselves on current developments in financial decision making and strategic planning.

By attending this course, the added benefits you will receive include:

• The ability to use your choice of the designation CCC or MFC on your resume

• Up to 18 months membership to the AAFM professional body

• Access to the AAFM network and body of information online

• Being taught by a leading finance expert from the American Academy of Financial Management

• Membership to the only professional certification body recognized by the ACBSP Accreditation Agency, the world’s leading collection of business programs

• Qualification for entry into the AAFM Master Financial Professional Certification

• Access to the AAFM international network and journal published online

• Gold Embossed Charter Certification with your name and Designation

COURSE OVERVIEW

This highly practical qualification has been specifically designed for those who have an understanding of the accounting processes. It assumes that there is this level of knowledge and provides new insights into the accounting and financial decision making processes. You will analyze case studies individually and in group discussions. Debate and interactive discussions are integral parts of the case study experience.

COURSE CERTIFICATION

All delegates will receive a Master Financial Controller Designation awarded by the American Academy of Financial Management (AAFM ® ).   Certified by the AAFM ® American Academy of Financial Management ®  which is the world’s fastest growing professional board with approximately 50,000 members in over 150 countries hosting and organizing certification programs worldwide and offering exclusive board certification designations to candidates who meet the highest professional standards and assessment criteria.

Course Modules

Module One

Nature And Objectives Of External Financial Reporting

• The objective of financial reporting

• The regulatory environment

• Strategic role of financial information

Where Has The Profession Gone Astray?

• A look at the Enron disaster

• Its short term ramifications and reactions

• Its long term implications

Modue Two

Reporting Mechanisms And The Operation Of

The Financial Markets

• Types of reports

• Relationship between the major financial statements

• The annual report – a more detailed analysis

• Manipulation of accounting reports – creative accounting

• Overview of the financial markets

New Developments In Financial Reporting

• Triple bottom line reporting

• Why is it used and what is the use of stakeholders?

The Changing International Scene In Financial Reporting

• The introduction of the international accounting standards

• What is the impact geographically throughout the world?

Module Three

Recent Changes To The International Standards

• An update on the introduction of new standards

• What are the recent changes to the standards?

• What impact are they going to have on the profession?

Cash Flow Statement, Cash Management And Working Capital

• Structure and purpose of the cash flow statement

• Liquidity and solvency issues

• Effective cash management

• Optimizing the investment in working capital

• New emphases on cash – eg. Free cash flow

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.

• Risk analysis

• Common size financial statements

• Horizontal analysis

• Trend analysis

• Ratio analysis

Module Four

Alternative Ways Of Assessing Company Performance And Viability of Emerging Markets

• Different methods of predicting corporate failure, including the Altman Z Score and Argenti models

• Use of Free Cash Flow as a measure of corporate efficiency

• Looking at sustainability of organizations to maintain their growth

Business Valuation

• A look at valuation approach and methodology

• Why value a company?

• What are the methods used?

Measuring And Managing Intellectual Capital And Intangible Assets

• Sunrise in the new economy – a look at value shift

• Identifying intangible assets/intellectual capital

• The valuation proposition – why valuation is important

• Capital market effects of valuation

• Approaches to valuation

• Evidence in practice – companies that are measuring and reporting intellectual capital – how, why and the benefits conferred

Under an agreement with the Law School , graduates of qualified accredited programs may apply directly for certification.  See LLM Program http://llmprogram.org/aafm.html

Under an agreement with the Business School Accreditation Agency, graduates of qualified accredited business degree courses, exams and programs may apply directly for certification review.  See ACBSP Press Release

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