Stephen Rinsler

This course will focus on the essential techniques for financial planning and control of ever changing business environments. It will evaluate and interpret financial implications of strategies. Delegates will be able to identify appropriate actions for implementing financial performance and evaluating the attainment of financial objectives.

WHO SHOULD ATTEND

This highly recommended programme is designed for accountants and finance personnel, particularly for those with the responsibility for financial control.

COURSE PROFILE

• Purpose of financial planning & control

-          Link to strategy and budget

-          Responsibility accounting

• Comprehensive profit planning and measurement
• Statistical techniques used for financial planning and control
• Transfer pricing
• Gap analysis
• Working capital management
• Working capital cycle

-          Management of receivables and payable 

-          Inventory management

-          Implementing working capital control 

• Financial controls

-          Internal audit

-          International accounting standards

-          Accounting policies and procedures

-          International accounting standards

• Management of risk

-          Evaluate risk management strategies

-          Minimising the risk of fraud

-          Diversifying risk

• Financial performance measurement

-          Budgeting and forecasting with variances

• Ratio analysis

-          Liquidity

-          Profitability

-          Balanced Scorecard

-          Benchmarking

SKILLS ATTAINED

At the end of the course delegates will be able to:

• Identify areas to enhance financial control
• Identify actions to reduce risk in financial control
• Manage problems arising from implementing financial control
• Understand the importance of financial planning