The MFC program is designed to extend the knowledge of people attending about recent developments in finance and accounting. Many organisations limit their reporting to shareholders to the requirements of the IFRS standards.
However, many organisations are extending their reporting to a far wider range of stakeholders. MNES, in particular, are reporting to stakeholders using approaches suggested by organisations such as the global reporting initiative.
The MFC program looks at some of the approaches used. Reports are prepared to be analysed by users and some of the traditional and non-traditional approaches are considered. The program also considers some techniques and approaches that can be used to improve cash flow and considers the “cash as inventory” concept of approaching cash flow control.
Capital expenditure can result in a company thriving or surviving yet many organisations do not approach the capex decision in the most fundamental way. The training program looks at the DCF technique which is most fundamentally sound. Many organisations wish to extend their business through the process of acquisition. We analyse the pitfalls that occur in the m and a scene and the likelihood that and m and a will fail.
The program also considers some of the recent changes in financial accounting as a result of changes to the IFRS standards. It also looks at the standards which are due to be implemented in 2017 and the impact they will have on the reporting process.