The TVET Expert of the Week, Lucubrate Magazine, Issue 35
Peter E. Welch
Peter is a renowned trainer and also writes weekly accounting articles for the Lucubrate Magazine targeting 18-24s and TVET. To date, he has written 15 articles and now writes about IAS/IFRS accounting standards at an advanced level. He addresses the academic needs of TVET and entrepreneurs. Besides being an accomplished trainer, certified by IABFM (International Academy of Business and Financial Management) and consultant, Peter has functioned as an Adjunct Faculty for Golden Gate University and the University of Southern New Hampshire both in the United States. Besides the US he has taught/worked in Botswana, Kuala Lumpur, Kenya, Bangladesh, Nigeria, Ghana, Iraq, Afghanistan/Singapore, Egypt, Georgia, Sudan, Bosnia & Herzegovina, South Africa, Japan, India, UAE, Puerto Rico and the UK. Peter’s overall experience already has exceeded 40 years.
In 2009, he provided advice to the South African National Treasury within the framework of an EU-funded technical assistance project. During this mission, and in his capacity as IFRS trainer, he was responsible for the implementation of GRAP/IPSAS accounting training. Mr. Welch also worked in Georgia, under USAID, in 2002 where he taught ACCA final accounting papers, IFRS-based material, and assessed the financial sustainability and capacity of the local accounting standard-setting body.
Peter demonstrated excellent teaching skills in delivering the training course and was well received by both the client and the trainees. It was commented as unusual to find anybody that clearly enjoys and embraces these accounting and technical issues. Peter is an instructor who exercises due diligence in his method of teaching and carries his class along on every aspect of the lecture. He is very versed in IFRS skills and very good at impacting knowledge.
He has published several papers:
§ Effective Liquidity Management in the Post-Credit-Crunch Era
§ Global Financial Crisis (and the concepts of risk and return) – who contributed?
§ Asset / Liability Matching – What is it?
§ “What do Sarbanes-Oxley, Dodd-Frank, and Hedging FOREX have in common; they’re all risk and compliance related” Question: Should Sox 404 Go?
§ Inflation, a micro and macroeconomic perspective
Peter Welch is the CEO of GlobalCfoLLC. GlobalCfoLLC is expert at developing entrepreneurs, and training in the 18-24s and TVET space, as well as building business plans and cash flow projections as a prerequisite for accessing financing sources. GlobalCfoLLC targets accounting standards compliance and theory, sound infrastructure /process mapping and COSO 2013/solid internal controls and last but not least documentation Policy and Procedures and other manuals. Additionally, interim-CFO services are offered as well as training at all levels and all functions, not just accounting; e.g. management and leadership skills. Pre/Post-M&A is also offered.
Mr. Peter E. Welch
§ Email: PeterWelch@GlobalCfoLLC.Com
§ Website: www.GlobalCfoLLC.com\
§ GlobalCfoLLC: http://contractualcfo.com/contactus.asp
§ Articles: www.independent.academia.edu/PeterWelch6
§ Address: 57 Uznadze Street, Tbilisi, Georgia 0102
Accounting for Managers
Introduces financial and managerial accounting for non-accounting majors. Areas of study include financial statement analysis, financial accounting concepts and principles and managerial cost systems.
Financial Analysis for Managers
Introduces financial analysis and management in terms of its most important functions: raising funds at minimum cost and risk and allocating those funds among competing short- and long-term uses. Topics include financial statement analysis, discounted cash flow analysis, financial markets and interest rate determination, stock and bond valuation models, capital budgeting methodologies and working capital management. Concepts of risk and return, cost of capital calculation and capital structure are introduced.
Working Capital Management
Examines financial decisions that affect the value of the firm in the short run. Topics include receivables management, inventory management, marketable securities management, short-term liability management and cash management.
Economic Theory and Policy
Explores the theory of prices and markets and examines macroeconomics policies of government that affect the management decisions of business. Explores the theoretical roots of competing policy options in areas such as taxation, fiscal and monetary policy, international trade and antitrust regulation. Also assesses the implications for business decisions of various government regulations as they affect the productivity and overall performance of the private sector.
Management and Organizational Theory
Examines theories of organizations and individual behavior in organizations with attention to both historical context and current approaches. Topics include how organizations are structured and designed, and the behaviors and motivations of workers and managers in organizations, organizational culture, diversity in organizations, and individuals in teams and teamwork. Students take an active role in presenting and critiquing early and current theory and practice as well as relating theory and research to their own experience.
Introductory Financial Accounting
Introduces financial accounting emphasizing accounting terminology, ethics and the role of accounting information in business decisions. Coursework will provide students with a basic understanding of the accounting process; financial statements; and the content of certain asset, liability and owner's equity accounts. The corporate form of business is discussed in detail. The focus of the course will provide students with an understanding of accounting information in a decision context.
Introductory Managerial Accounting
Introduces students to managerial accounting focusing on business decisions using internal accounting information. Introduces and explores relevant costs for decision-making, cost-volume analysis, costing systems, cost behavior, budgeting and performance measurements.
Examines current pronouncements and practical applications. Students will read, discuss and implement the most current accounting requirements as prescribed in the IASB statements and other current accounting pronouncements. Topics include statement presentation, required disclosures, in-depth study of current assets, the time value of money, inventories and revenue recognition.