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

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