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Finance and Accounting for Lawyers
NGN 285,000 |
Venue: Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.
At the end of this course, participants will be able to:
- Understand the language associated with finance
- Know how and when to use financial terms and analysis techniques
- Read and assess company performance using financial statements
- Recognize the link between organizational strategy and financial objectives
- Use “the numbers” to their best advantage to make more informed and sound decisions
Content
Introduction
- Introductions and course objectives
- Participants’ own needs and wants from the course
The Balance Sheet
- Understanding different Assets and Liabilities
- About Fixed Assets
- Current Assets – what they are and how to improve
- Current Liabilities – what they are and how to improve them
- Benchmarking and comparators
- Key Ratios and trends
- About Gearing
The Income and Expenditure Account (or Profit and Loss Account)
- The key components of the Income and Expenditure Account
- Analyzing Key ratios and trends
- Managing different types of Costs and their behavior
- Analyzing income streams
- Improving Profitability and Productivity
- The Power of 1%
- Profit/Surplus and Cash flow are different things
Management Accounts
- What Management Accounts
- How these figures contribute to overall performance
- Managing the cash flow as well as the costs
- Managing variances and making any necessary improvement
Using ratios to Benchmark Performance
- How to use the key ratios to benchmark our performance
- Recognizing areas where performance is slipping, and which need management attention
Generating Ideas to Improve Financial Performance, Including People’s Productivity
- Identifying and investing more in high performing assets and activities
- Identifying and improving underperforming assets and costs
Moving from Analysis to Forecasting
- The principles of Forecasting and Budgeting
- Revenue Budgets
- The strengths and problems of traditional budgeting methods
- 2 other approaches which can complement and improve traditional budgeting methods
- Budgeting for Projects – how to do a Cost-Benefit Analysis
Capital Expenditure
- Cost of Capital issues and the time value of money
- Where budgeting can go wrong and how to avoid the principal problems
Understanding the Jargon
- A free discussion clarifying any remaining questions about terminology and jargon
- Benchmarking and comparators
Training Methodology
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos. | Aug 22 - 25 Aug, 2023 |
NGN 285,000.00 | (The Workshop fee is N285,000.00 (Two Hundred and Eighty Five Thousand Naira) only per participant to cover workshop literature and materials, executive bag, tea/coffee, lunch, photograph and certificate.) |
Chris Onwuasigwe, FCA – 08033045484 08033045484
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Finance Accounting Lawyers Training in Lagos Courses in Lagos Workshop in Lagos Lagos Nigeria Africa February 2023 |
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