Course Outline
- The three main responsibilities of financial controllers
- Accounting and reporting responsibilities
- Budget reporting and analysis
- Managing finance and accounting staff
- Evolving role of financial controller
- Accounting and reporting
- Overview of the main International Financial Reporting Standards (IFRS)
- An inside look at the key financial statements
- Statement of financial position
- Statement of comprehensive income
- Statement of cash flows
- Statement of changes in owner equity
- Key Performance Indicators (KPIs)
- Supporting bottom-line focus
- Month and year end close: Controller as a project manager
- Financial statements interpretation and analysis
- Key tools in analysis
- Building block of ratios
- Liquidity ratios
- Solvency ratios
- Activity and investment ratios
- Profitability ratios
- Going beyond numbers reporting
- Excel techniques used in presenting analysis to management
- Budget reporting and analysis
- The budget as an added value activity
- Evaluating the budget and highlighting objectives
- Presenting budget to top management
- Preparing meaningful actual versus budget reports
- Control function
- Structure of internal controls
- Setting and updating policies and procedures
- Assessing internal control policies
- Internal controls on financial reporting
- System controls
- Backup and disaster recovery planning
- Ethical considerations
- Boosting efficiency in your department
- It’s all about Excel
- The 10 must have Excel tips
- Working with text files
- Looking up records from a database
- Validating data and controlling data input
- Reconciliations and accounts analysis using pivot tables
- Creating management reports and dashboards
- Personal organization and time management
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- Monitoring staff efficiency to support the accounting close
- Tools to increase staff productivity
- Managing staff skills and attitudes
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