Certificate in Finance and Accounting Courses


Dynamics of Planning, Budgeting, and Financial Forecasting

REF: 15260_290553
DATE: 23 - 27 Jun 2024
LOCATION:

Online

INDIVIDUAL FEE:

1500 Euro



Introduction:

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 (15260_290553)

REF: 15260_290553   DATE: 23.Jun.2024 - 27.Jun.2024   LOCATION: Online  INDIVIDUAL FEE: 1500 Euro

 

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.