Course Details

Objective

By the end of this course, participants will be able to:

• Understand the role and responsibilities of a Financial Controller within an organization.
• Gain advanced knowledge in financial planning, budgeting, and forecasting processes.
• Learn to manage and analyze financial statements and reports for decision-making.
• Understand key financial control systems, internal controls, and audit processes.
• Develop strategic financial management skills to optimize organizational performance and compliance.

Content

COURSE PROGRAM:

Day 1: Introduction to Financial Control and Reporting

• The role of the Financial Controller in an organization
• Key financial management responsibilities
• Understanding financial statements: income statement, balance sheet, cash flow statement
• Overview of financial reporting standards (IFRS, GAAP)
• Financial performance analysis and key financial ratios

Day 2: Financial Planning, Budgeting, and Forecasting

• Strategic financial planning process
• Creating and managing budgets
• Budgeting techniques: zero-based, incremental, and flexible budgets
• Forecasting methods and tools
• Variance analysis and budget control

Day 3: Financial Control Systems and Internal Controls

• Designing and implementing financial control systems
• Types of internal controls: preventive, detective, and corrective
• Risk management in financial operations
• Ensuring compliance with financial regulations
• Internal audit process and its importance in financial control

Day 4: Advanced Financial Analysis and Decision Making

• Advanced financial analysis techniques
• Break-even analysis and cost-volume-profit analysis
• Capital budgeting: NPV, IRR, and payback period
• Financial decision-making under uncertainty
• Evaluating investment opportunities and project financing

Day 5: Leadership, Communication, and Strategic Financial Management

• Leadership skills for financial controllers
• Communicating financial information to non-financial stakeholders
• Aligning financial strategies with organizational goals
• Managing financial teams and driving performance
• Emerging trends in financial management and digital tools

NOTE:

Pre-& Post Tests will be conducted.

Case Studies, Group Exercises, Group Discussions, Last Day reviews, and assessments will be carried out.

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Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences.  Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

• 30% Lectures
• 30% Workshops and work presentation
• 20% Group Work& Practical Exercises
• 20% Videos& General Discussions