Accounting for managerial decision making

Special services for our international delegates

In addition to the above listed benefits, the NIT Corporate Training and Events Management team will provide the following to our international delegates:

• Facilitation for entry Visas where required
• Transport from and to the International Airport on arrival and when going back
• Accommodation reservations
• Transport for shopping where needed
• Transport, accommodation and meals to tour one of our Namibia’s beautiful Destinations (Coastal Towns -Swakopmund and Walvis Bay OR Etosha National Park
• A Notepad/Tablet.

Introduction

This three-day course provides an intensive examination of public sector accounting frauds, including asset misappropriation schemes and financial statement frauds that are directed at central, and local (regional, town and village) governments as well as government agencies, ministries, boards and commissions. These frauds undermine public support for government and agency missions and reduce available resources to serve constituents, meaning the price of public sector accounting fraud goes far beyond funding losses – which are estimated in the billions.

This course is particularly focused on assessing fraud risks in the public sector; understanding common forms of accounting fraud in the public sector; evaluating the Auditor General and Anti-Corruption Commission’s recommendations on reducing public sector fraud and corruption; developing appropriate controls and fraud detection responses; methods for detecting and investigating public sector accounting frauds; and how to establish and maintain an effective anti-fraud environment.

Among other areas, the course examines fraud indicators, exposure, and management or administrative responses to fraud reports or incidents. Real-world examples covered in the course are drawn from exposed frauds worldwide including, among others, the entitlement fraud perpetrated using Public Fund programmes; customs duties frauds in different countries; investigations of South African police officials for corruption and executing building leases at far above market rates; allegations of widespread illicit payments to Chinese health officials by large pharmaceutical companies; defense contractors bribing government procurement officials and recovering bribes through marked-up invoices in the USA; sale and auction of Indian government-owned land and telecommunications bandwidth for prices below market value, etc. The program answers questions such as:

• Who commits public sector accounting fraud, and why?
• What are the red flags that might indicate an accounting fraud has occurred or is currently occurring?
• What are the most prevalent and costly public sector accounting frauds?
• How can public sector management or administration limit or reduce opportunities for accounting fraud to occur?
• What controls should be deployed in the public sector accounting environment?
• How is public sector accounting fraud investigated? By whom?

All the National Institute of Technology (NIT) training programmes have been developed by the industry experts to suit the needs of the industry and are aligned with the fundamental National Developmental Plans Goals of Namibia and those of all other SADC member countries thus effectively contributing towards the national and SADC regional economical, industrial and prosperity developments. Our course programs and delivery styles are very stimulating with practical based contents. They provide modern hands-on relevant skills and knowledge that empower all participants at all levels of every organization to practically apply the gained skills and knowledge in their respective duties without difficulties hence being productive, respected and valued by every employer and colleagues. Participants are assessed through group and/or individual tasks which involve presentations.

NIT provides 2 months Free Support service to all the participants to support them in implementing or using the skills and knowledge gained from any of our course programs.

Objectives

Upon completion of this workshop, participants will be able to:

1. Formulate models, statements, and tables with the use of accounting and financial data for sound business decisions;
2. Develop the ability to integrate various accounting and financial tools and techniques for maintaining sound operating performance and stable financial position for the firm;
3. Appreciate the powerful features of cost and revenue accounting and related financial tools in any type or form of business organization;
4. Understand and appreciate how an organization’s accounting process is integrated into well-defined planning and control systems; and
5. Apply the various techniques in evaluating and ranking capital investment projects.

Who Should Attend

The professionals who will most benefit from the course are marketing and sales managers and all those who set profit targets. Also for entrepreneurs, manufacturers, and all units that generate revenues

1. Managerial Accounting: An overview and introduction
   • Importance and objectives
   • Financial vs. managerial accounting
   • Accounting’s management functions
2. Understanding costs
   • Basic decision concepts
   • Cost terms, concepts, classifications
   • Cost accumulation: job order vs. process costing
3. Managerial Accounting: Planning Focus
   • Cost behavior: Analysis and use
   • Cost-volume-profit relationships
   • Variable costing
   • Financial planning
4. Managerial accounting: Control focus
   • Standard costs
   • Flexible budgets
   • Relevant costs for decision-making
   • Segment reporting and balanced scorecard
5. Special topics (as time permits)
   • Regression analysis
   • Financial statement analysis
   • Cash flow analysis
   • Capital budgeting

Methodologies

• Pre and Post Assessment
• Power point presentation
• Highly interactive session
• Case study
• Group discussion
• Group presentation

How to Register for this Training

To register, please complete the attached registration form and e-mail or fax it back with proof of payment to: The Conference Organizing Committee; contact Person: Mr. Frederick Chizu Simpungwe at:

1. Email : info@mutas-edu.org
2. Fax No : +264 886559294 / Cell : +260 970145502/04

We also have Conference Sponsorship and Exhibition Opportunities. If your organization is interested to sponsor or exhibit at this important conference, please contact the office on info@mutas-edu.org.

Please find attached herewith a registration form with rates and the conference draft program. If you need any further information, please feel free to contact the undersigned.