Corporate / Group Training

Financial Control Workshop (Corporate Training)

Convertas Management Consultants, In United Arab Emirates
5 days
Next course start
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5 days
Next course start
Inquire for more information See details
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Course description

Financial Control Workshop (Corporate Training)

This course covers several activities that are practiced by financial controllers,from preparing and reviewing financial statements, analyzing an organization's financial health and performance, and administering the budget process and control function, to managing staff performance and enhancing their productivity. This course provides professionals the chance to practice these responsibilities and sharpen the necessary skills

Upcoming start dates

1 start date available

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  • On-site
  • United Arab Emirates

Who should attend?

Who Should Attend

Financial controllers, chief accountants, finance or accounting managers, supervisors, staff accountants, general ledger accountants and any professional in accounting and finance who wish to upgrade their skills as well as prepare themselves to assume the responsibilities of a financial controller.

Training content

The 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 mainInternational 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
  • 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
  • Monitoring staff efficiency to support the accounting close
  • Tools to increase staff productivity
  • Managing staff skills and attitudes

Certification / Credits

  • Identify the main responsibilities handled by financial controllers
  • Describe the different financial statements used in their organizations
  • Analyze company performance highlighting impact of current operations on future financial results
  • Evaluate and present company budgets and assist management in selecting proper plans
  • Practice some of the key skills required usingExcel to boost the efficiency of accounting and finance work
  • Assess internal controls within the finance department and the organization in general

Why choose Convertas?

Founded in 2006

12 Specialized trainers

100% of happy clients

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Convertas Management Consultants
214, DBC2, Arjan
124534 Dubai

Convertas Management Consultants

CONVERTAS offers a series of specialized training services across all areas of business, helping employees develop and increase their skills. Our highly qualified trainers through our specifically designed courses and workshops, as well as our innovative training methodology, will provide...

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