Management >> Costing Finance and Accounting

Modern Methods of Raising The Competence of Accountants & Financial Controllers

MF123

Location

Duration

Date

Fee inclusive of VAT

Course Overview

Financial Controllers operate in a global environment where flexibility is the watchword. There has been widespread recognition of the need for finance to develop from being a scorekeeper to a business partner. Many organisations have changed their finance function as a result. Non-financial objectives such as risk, IT ROI, quality, reliability, lead times and customer satisfaction have gained in importance.

Course Objective

  • Understand the extent of change in the role of the Financial Controller and to focus on the areas of their organisation where change is required
  • Use the information sources within their organisation to assist the management process
  • Prepare for the introduction of advanced methods of information management
  • Critically assessthe planning processin their organisation
  • Participate fully in strategic planning
  • Understand the role of advanced budgeting and where it might fit into their organisation
  • Integrate new developmentsin strategic management accounting, information management and support for decision making
  • Implement methods of change management in their organization

Who Should Attend?

The programme is beneficial to all financial employeesinvolved in the daily operation and control of financial functions and is of .particular benefit to those employees who aspire to become senior personnel in their future careers

Course Outline

  • Introductions - The Controller’s Position
  • The Controller’sstatusin the business
  • Controllership functions
  • Organisational relationships
  • The controller’srole in management
  • Working capital and cash flow management
  • Debtors
  • Creditors
  • Stocks/Inventory
  • Releasing cash from the balance sheet
  • Optimising cash balances
  • Cost and Management Accounting
  • Introduction to Cost and Management Accounting
  • Product cost determination
  • Product profitability and the cost of quality
  • Theory of constraints
  • Planning, Forecasting and Budgeting
  • Long term and short term planning
  • Strategic planning with risk
  • Budgeting and risk
  • Traditional budgeting and Budgetary control
  • Operational forecasting risk
  • Capital forecasting, capital budgeting and risk
  • Target Cost Management
  • Understanding target cost

Training Methodology

  • Presentation & Slides
  • Audio Visual Aids
  • Interactive Discussion
  • Participatory Exercise
  • Action Learning
  • Class Activities
  • Case Studies
  • Workshops
  • Simulation

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy

Upcoming Courses

Developing Emotionally Intelligent Man

Understanding and raising your Emotional Intelligence is essential to

Read more

Efficient Finance & Accounting Operati

This Introductory course in accounting for non-accountant will provid

Read more

Training Need Analysis

Training Need Analysis

Read more

Integrated Skills of The Directors of

Learn how to choose positive results and eliminate negatives and comm

Read more

Document Control Specialist

This Document Control Specialist training course covers the strategie

Read more

Time Management (Its Effect on Overcom

Most of us have, at one time or another, felt daunted and overwhelmed

Read more

Financial Analysis & Reporting

Financial Analysis & Reporting is a comprehensive course designed to

Read more

Skill Building, Coaching, Forecasting,

Skill building and Leadership skills are significant part of the answ

Read more