The Effective Financial Controller - Managing Financial Functions and Improvement Opportunities Course

BMC Training provides The Effective Financial Controller - Managing Financial Functions and Improvement Opportunities in Finance , Accounting and Budgeting. There are 46 training sessions in different cities.

The Effective Financial Controller - Managing Financial Functions and Improvement Opportunities Course Schedule

Type a city name
Venue Start Date End Date Details
Dubai , UAE 24 - 9 - 2023 28 - 9 - 2023
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Paris , France 24 - 9 - 2023 28 - 9 - 2023
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Istanbul , Turkey 1 - 10 - 2023 5 - 10 - 2023
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Dubai , UAE 8 - 10 - 2023 12 - 10 - 2023
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Paris , France 8 - 10 - 2023 12 - 10 - 2023
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London , UK 15 - 10 - 2023 19 - 10 - 2023
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Kuala Lumpur , Malaysia 22 - 10 - 2023 26 - 10 - 2023
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Istanbul , Turkey 5 - 11 - 2023 9 - 11 - 2023
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Kuala Lumpur , Malaysia 12 - 11 - 2023 16 - 11 - 2023
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Dubai , UAE 19 - 11 - 2023 23 - 11 - 2023
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Paris , France 19 - 11 - 2023 23 - 11 - 2023
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Dubai , UAE 26 - 11 - 2023 30 - 11 - 2023
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Paris , France 26 - 11 - 2023 30 - 11 - 2023
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London , UK 26 - 11 - 2023 30 - 11 - 2023
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Kuala Lumpur , Malaysia 26 - 11 - 2023 30 - 11 - 2023
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Dubai , UAE 3 - 12 - 2023 7 - 12 - 2023
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Paris , France 3 - 12 - 2023 7 - 12 - 2023
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Istanbul , Turkey 10 - 12 - 2023 14 - 12 - 2023
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London , UK 17 - 12 - 2023 21 - 12 - 2023
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Kuala Lumpur , Malaysia 24 - 12 - 2023 28 - 12 - 2023
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Kuala Lumpur , Malaysia 7 - 1 - 2024 11 - 1 - 2024
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Istanbul , Turkey 14 - 1 - 2024 18 - 1 - 2024
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Dubai , UAE 21 - 1 - 2024 25 - 1 - 2024
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Paris , France 21 - 1 - 2024 25 - 1 - 2024
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London , UK 21 - 1 - 2024 25 - 1 - 2024
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Kuala Lumpur , Malaysia 21 - 1 - 2024 25 - 1 - 2024
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Dubai , UAE 28 - 1 - 2024 1 - 2 - 2024
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Paris , France 28 - 1 - 2024 1 - 2 - 2024
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Dubai , UAE 4 - 2 - 2024 8 - 2 - 2024
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Paris , France 4 - 2 - 2024 8 - 2 - 2024
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Istanbul , Turkey 11 - 2 - 2024 15 - 2 - 2024
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Kuala Lumpur , Malaysia 18 - 2 - 2024 22 - 2 - 2024
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London , UK 25 - 2 - 2024 29 - 2 - 2024
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Istanbul , Turkey 3 - 3 - 2024 7 - 3 - 2024
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Dubai , UAE 10 - 3 - 2024 14 - 3 - 2024
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Paris , France 10 - 3 - 2024 14 - 3 - 2024
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London , UK 10 - 3 - 2024 14 - 3 - 2024
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Kuala Lumpur , Malaysia 10 - 3 - 2024 14 - 3 - 2024
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Dubai , UAE 17 - 3 - 2024 21 - 3 - 2024
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Paris , France 17 - 3 - 2024 21 - 3 - 2024
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Kuala Lumpur , Malaysia 24 - 3 - 2024 28 - 3 - 2024
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Kuala Lumpur , Malaysia 7 - 4 - 2024 11 - 4 - 2024
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Istanbul , Turkey 14 - 4 - 2024 18 - 4 - 2024
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Dubai , UAE 21 - 4 - 2024 25 - 4 - 2024
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Paris , France 21 - 4 - 2024 25 - 4 - 2024
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London , UK 28 - 4 - 2024 2 - 5 - 2024
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Course Description

Intorduction

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 organisation

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 organisation

Day One

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

Day Two

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

Day Three

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

Day Four

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

Day Five

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