Certificate in Finance and Accounting Courses

Dynamics of Planning, Budgeting, and Financial Forecasting


This advanced course for financial controllers emphasizes just-in-time information, dynamic budgeting and forecasting, statistical applications, and the use and control of financial information.

Targeted Audience:

  • Financial Professionals, Finance Controllers, Treasurers, and Inventory Professionals.
  • Senior Professionals with direct responsibility for financial management and control.
  • Accountants, Sales, Purchasing Professionals, and those responsible for the relationship with banks.
  • Any Professional, at junior or senior level, who is a part of the financial decision- building a team.
  • New Interns and Trainees with finance-related responsibilities.
  • Head of Departments, Process Owners, Administrative Personnel associated with budget management.

Course Objectives:
At the end of this course the participants will be able to:

  • Understand current accounting issues.
  • Understand the organization, reporting, and information management for financial controllers.
  • Understand state-of-the-art statistical information techniques.
  • Understand alternatives to standard A/R and A/P: purchase and sales order controls, EDI, and  EFT systems.
  • Understand alternatives to monthly close.
  • Understand how financial controllers can set up a managerial information network.
  • Understand dynamic planning, budgeting, and forecasting for financial controllers.

Targeted Competencies:

  • Learning Objectives.
  • Current Accounting Strategies.
  • Information Flow Alternatives.
  • Information as a Corporate Resource.
  • Dynamic Planning, Forecasting, and Budgeting.
  • Delegation.
  • Future Controllership Strategies.

Course Content:
Unit 1: Learning Objectives:

  • Get the Techniques to Translate Corporate Strategies into Workable Budgets and Operational Plans
  • Step into an Important New Corporate Role: Growth Manager
  • Improve Decision Making in the Face of Uncertainty
  • Control Costs and Deploy Resources More Effectively
  • Become an Active Participant in Strategic Planning

Unit 2: Current Accounting Strategies:

  • Understand Management Accounting
  • Analyze the Relationship of Management Accounting and GAAP Accounting
  • Develop and Learn the Flow Concept of Information
  • Review the Flows of Information in GAAP Accounting
  • Understand the Eleven Information Segments Required
  • Understand Accounting’s Position in Current Organizations
  • Understand the Changes in Approaches to A/P and A/R
  • Understand the Relationship of the Various Segments of Business to the Controller
  • Realize the Power Position of Information

Unit 3: Information Flow Alternatives:

  • Understand the Flow Control Related to the Procurement Function
  • Determine the Controller’s Relationship in Controls and Processes
  • Understand the Three Flows and Their Relationship to the GL Process
  • Learn the Use of EDI and EFT Processes
  • Discuss A/R and the Evolution of Control and Automation

Unit 4: Information as a Corporate Resource:

  • Understand the Role of Information in the Modern Organization
  • Learn the Evolution of Information Processes
  • Understand the Position of Information Resource Centers in the Organization
  • Understand the Use of Relational Database Techniques

Unit 5: Dynamic Planning, Forecasting, and Budgeting:

  • Develop the Process of Objective Setting and Relate That to Planning
  • Learn the Flow Process of Forecasting and Budgeting
  • Understand Approaches to the Budgeting Process
  • Understand the Process of Dynamic Use of Information
  • Understand Dynamic Planning, Forecasting, and Budgeting Using the Internet

Unit 6: Delegation:

  • Understand the Use of Statistics in Finance
  • Learn the Techniques Used in Statistics in Finance
  • Understand the Applications Best Suited for Statistical Techniques

Unit 7: Future Controllership Strategies:

  • Discuss Future Strategies for Controllership
  • Analyze the Changes in Information Strategies
  • Grasp the Implications of Change on the Controllership Function
  • Understand the Opportunities Provided by the Changes
  • Realize the Power Position of the Controllership Process
  • Consider Future Strategies in Relation to Current Operating Position



Certificate in Finance and Accounting Courses
Dynamics of Planning, Budgeting, and Financial Forecasting (FA)


Mercury dynamic schedule is constantly reviewed and updated to ensure that every category is being addressed at least once a month, if not once every week. Please check the training courses listed below and if you do not find the subject you are interested in, email us or give us a call and we will do our best to assist.