كود البرنامج : EU-14555

---

Course Introduction:

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. Much more attention needs to be paid to the external environment, particularly the business’ competitive advantage, applying a wider strategic perspective. In this programme you will learn how to:

Identify alternative roles for controllers in complex organisations

Clarify both technical, managerial and strategic implications of financial control

Integrate new developments in strategic management accounting, information management and support for decision making

Implement methods of change management in their organization

Course Objectives:

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 assess the planning process in their organisation

Participate fully in strategic planning

Understand the role of advanced budgeting and where it might fit into their organisation

Integrate new developments in 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 employees involved 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’s status in the business

Controllership functions

Organisational relationships

The controller’s role in management

The changing nature of the controllership role: “Finance of the Future”

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

Materials costs, Labour costs and Overhead costs

Product cost determination

Activity Based Costing (ABC)

Activity Based Management (ABM)

Product profitability and the cost of quality

Theory of constraints

Benchmarking

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

The Balanced Scorecard, Strategy Maps, Alignment

Sources of competitive advantage

Capital forecasting, capital budgeting and risk

Advanced Budgeting

Objectives of Advanced Budgeting CAM-I and the Beyond

Budgeting Round Table

Target Cost Management

Requirements

Understanding target cost

Implementation

Value engineering

Challenges

Rewards

Management Decision Strategies

Economic Value Added (EVA)

Electronic Data Interchange

Value Chain Analysis

Total life cycle costing

Managing in a time of change

Enterprise Risk Management (ERM)

Motivation