Financial Controller Workshop
Financial Controller Workshop
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Program Objectives:
By the end of the program, participants will be able to:
Practice the main responsibilities handled by financial controllers.
Analyze company performance highlighting impact of current operations on future financial results.
Present and evaluate company budgets and assist management in selecting proper plans.
Report financial key performance indicators (KPIs) systematically and efficiently.
Evaluate accounting and finance staff efficiency and identify potential improvements.
Assess internal controls within the finance department and the organization in general.
Who should attend:
Financial controllers, chief accountants, finance or accounting managers, supervisors, staff accountants, general ledger accountants and any professional in accounting and finance who wish to upgrade their skills as well as prepare themselves to assume the responsibilities of a financial controller.
Program Outline
The Three Main Responsibilities of Financial Controllers
- Accounting and Reporting Responsibilities
- Budget Reporting and Analysis
- Managing Finance and Accounting Staff
- Evolving Role of Financial Controller
Accounting and Reporting
- A Look into International Financial Reporting Standards (IFRS)
- An Inside Look at the Key Financial Statements
- Statement of Financial Position
- Statement of Comprehensive Income
- Statement of Cash Flows
- Statement of Changes in Owners’ Equity
- Key Performance Indicators (KPIs)
- Supporting Bottom Line Focus
- Ensuring Timely and Accurate Month and Year-End Close
Financial Statements Interpretation and Analysis
- Key Tools in Analysis
- Building Block of Ratios
- Liquidity Ratios
- Solvency Ratios
- Activity and Investment Raios
- Profitability Ratios
- Going Beyond Numbers Reporting
- Techniques Used in Presenting Analysis to Management
Budget Reporting and Analysis
- The Budget as an Added Value Activity
- Evaluating the Budget and Highlighting Objectives
- Presenting Budget to Top Management
- Preparing Meaningful Actual versus Budget Reports
Boosting Efficiency in your Department
- It’s All About Excel
- The 10 Must-Have Excel Tips
- Working with Text Files
- Looking Up Records from a Database
- Validating Data and Controlling Data Input
- Reconciliations and Accounts Analysis Using Pivot Tables
- Creating Management Reports and Dashboards
- Personal Organization and Time Management
- Monitoring Staff Efficiency to Support the Accounting Close
- Tools to Increase Staff Productivity
- Managing Staff Skills and Attitudes
Control Function
- Structure of Internal Control
- Setting and Updating Policies and Procedures
- Assessing Internal Control Policies
- Internal Controls on Financial Reporting
- System Controls
- Backup and Disaster Recovery Planning
- Ethical Considerations
