Cambridge
Academy
In London

Course Duration: Five Training Days

Course Language: Arabic or English

Include:

-Scientific material with TAB

-Workshops

-Reception and farewell at the airport

Introduction:

This advanced course for financial controllers emphasizes just-in-time information, dynamic budgeting and forecasting, statistical applications, and the use and control of financial information.

Targeted Audience:

- Financial Professionals, Finance Controllers, Treasurers, and Inventory Professionals.

- Senior Professionals with direct responsibility for financial management and control.

- Accountants, Sales, Purchasing Professionals, and those responsible for the relationship with banks.

- Any Professional, at junior or senior level, who is a part of the financial decision- building a team.

- New Interns and Trainees with finance-related responsibilities.

- Head of Departments, Process Owners, Administrative Personnel associated with budget management.

Course Objectives:

At the end of this course the participants will be able to:

- Understand current accounting issues.

- Understand the organization, reporting, and information management for financial controllers.

- Understand state-of-the-art statistical information techniques.

- Understand alternatives to standard A/R and A/P: purchase and sales order controls, EDI, and  EFT systems.

- Understand alternatives to monthly close.

- Understand how financial controllers can set up a managerial information network.

- Understand dynamic planning, budgeting, and forecasting for financial controllers.

Targeted Competencies:

- Learning Objectives.

- Current Accounting Strategies.

- Information Flow Alternatives.

- Information as a Corporate Resource.

- Dynamic Planning, Forecasting, and Budgeting.

- Delegation.

- Future Controllership Strategies.

Course Content:

Unit 1: Learning Objectives:

- Get the Techniques to Translate Corporate Strategies into Workable Budgets and Operational Plans

- Step into an Important New Corporate Role: Growth Manager

- Improve Decision Making in the Face of Uncertainty

- Control Costs and Deploy Resources More Effectively

- Become an Active Participant in Strategic Planning

Unit 2: Current Accounting Strategies:

- Understand Management Accounting

- Analyze the Relationship of Management Accounting and GAAP Accounting

- Develop and Learn the Flow Concept of Information

- Review the Flows of Information in GAAP Accounting

- Understand the Eleven Information Segments Required

- Understand Accounting’s Position in Current Organizations

- Understand the Changes in Approaches to A/P and A/R

- Understand the Relationship of the Various Segments of Business to the Controller

- Realize the Power Position of Information

Unit 3: Information Flow Alternatives:

- Understand the Flow Control Related to the Procurement Function

- Determine the Controller’s Relationship in Controls and Processes

- Understand the Three Flows and Their Relationship to the GL Process

- Learn the Use of EDI and EFT Processes

-Discuss A/R and the Evolution of Control and Automation

Unit 4: Information as a Corporate Resource:

-Understand the Role of Information in the Modern Organization

-Learn the Evolution of Information Processes

-Understand the Position of Information Resource Centers in the Organization

-Understand the Use of Relational Database Techniques

Unit 5: Dynamic Planning, Forecasting, and Budgeting:

-Develop the Process of Objective Setting and Relate That to Planning

-Learn the Flow Process of Forecasting and Budgeting

-Understand Approaches to the Budgeting Process

-Understand the Process of Dynamic Use of Information

-Understand Dynamic Planning, Forecasting, and Budgeting Using the Internet

Unit 6: Delegation:

-Understand the Use of Statistics in Finance

-Learn the Techniques Used in Statistics in Finance

-Understand the Applications Best Suited for Statistical Techniques

Unit 7: Future Controllership Strategies:

-Discuss Future Strategies for Controllership

-Analyze the Changes in Information Strategies

-Grasp the Implications of Change on the Controllership Function

-Understand the Opportunities Provided by the Changes

-Realize the Power Position of the Controllership Process

-Consider Future Strategies in Relation to Current Operating Position