The Effective Financial Controller - Managing Financial Functions and Improvement Opportunities Training Course in Kuala Lumpur

BMC Training provides The Effective Financial Controller - Managing Financial Functions and Improvement Opportunities Course in Kuala Lumpur.There are 7 sessions for the course The Effective Financial Controller - Managing Financial Functions and Improvement Opportunities in Kuala Lumpur , Malaysia.

The Effective Financial Controller - Managing Financial Functions and Improvement Opportunities Training in Kuala Lumpur , Malaysia

Course Code : FBA135 - Course Address : Westin Kuala Lumpur Hotel - Course Fees : 4450 GBP

City Start Date End Date View
Kuala Lumpur , Malaysia 24 - 12 - 2023 28 - 12 - 2023
Kuala Lumpur , Malaysia 7 - 1 - 2024 11 - 1 - 2024
Kuala Lumpur , Malaysia 21 - 1 - 2024 25 - 1 - 2024
Kuala Lumpur , Malaysia 18 - 2 - 2024 22 - 2 - 2024
Kuala Lumpur , Malaysia 24 - 3 - 2024 28 - 3 - 2024
Kuala Lumpur , Malaysia 10 - 3 - 2024 14 - 3 - 2024
Kuala Lumpur , Malaysia 7 - 4 - 2024 11 - 4 - 2024
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
Where will the course be held?

The course will be held in Jalan Conlay. The exact address and directions will be provided to all enrolled participants prior to the start of the course.

What topics will be covered in the course?

The course will cover a range of topics related to the subject matter, including but not limited to the topics of outlines. By the end of the course, you'll have a solid understanding of the key concepts and techniques in the field, and be able to apply them to real-world situations. Detailed course outlines and learning objectives will be provided to all enrolled students prior to the start of the course.

What is the schedule for the course?

The course is expected to run for 3 hours daily. The exact schedule and timing will be confirmed and communicated to all enrolled students via email at least 2 days prior to the course start date.

What do I need to bring to the course?

All you need to bring is yourself, a notepad or laptop for taking notes, and a willingness to learn! We'll provide pens, paper, and any required textbooks or handouts.

What is the instructor's background and experience?

Our instructors are seasoned industry professionals with over 10 years of experience in the field. They hold a master's degree in the subject matter and have a proven track record of success working with trainees of all levels. You'll have plenty of opportunities to ask questions and get feedback throughout the course.

What are the T&C for this course?

Please visit our Terms and Conditions page

What kind of certificate will I receive upon completion of the course?

Upon completion of the course, you will receive an attendance certificate indicating that you have completed the course. This certificate is not accredited or recognised by any particular institution or organisation, but it can be used to demonstrate your commitment to continuing education and professional development.

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