Building a Well Structured Company

Overview:

Introduction:

This training program is designed to equip participants with the essential knowledge and practical skills required to build a well-structured company, focusing on ERP implementation for financial processes and advanced financial modeling techniques. It empowers them to enhance financial management and decision-making within their organizations.

Program Objectives:

By the end of this program, participants will be able to:

• Develop a comprehensive chart of accounts.

• Record journal entries using the accrual basis.

• Create detailed financial statement models.

• Conduct business valuations and build benchmarks.

• Perform various financial analyses, including cost-benefit, sensitivity, and multi-criteria decision analyses.

Targeted Audience:

• Financial Managers.

• Accountants.

• ERP Implementation Specialists.

• Business Analysts.

• Financial Planners.

• CFOs and Controllers.

Program Outline:

Unit 1:

ERP Financial Setup:

• Understanding the structure and purpose of a chart of accounts.

• Steps to develop a comprehensive chart of accounts.

• Customizing the chart for different business needs.

• Ensuring alignment with financial reporting requirements.

• Best practices for maintaining and updating the chart of accounts.

Unit 2:

Recording Journal Entries (Accrual Basis):

• Principles of accrual accounting.

• Differences between accrual and cash basis accounting.

• Recording common types of journal entries.

• Automating journal entry processes in ERP systems.

• Ensuring accuracy and compliance with accounting standards.

Unit 3:

Financial Statement Modeling:

• Components of a financial statement model.

• Steps to construct the income statement, balance sheet, and cash flow statement.

• Integrating financial statements into a cohesive model.

• Using Excel and other tools for financial modeling.

• Case studies on building financial statement models.

Unit 4:

Business Valuation and Benchmarking:

• Overview of business valuation methods.

• Steps to perform discounted cash flow (DCF) analysis.

• Applying market multiples and comparable company analysis.

• Identifying key performance indicators (KPIs) for benchmarking.

• Collecting and analyzing benchmarking data.

Unit 5:

Financial Analysis Techniques:

• Principles and purpose of cost-benefit analysis.

• Steps to perform a comprehensive cost-benefit analysis.

• Understanding sensitivity analysis and its applications.

• Steps to conduct sensitivity analysis.

• Introduction to multi-criteria decision analysis (MCDA).