Identify and apply financial control and audit knowledge and skills. Appreciate how working capital might be optimized and controlled. Understand the need for close control and forecasting of cash flow. Analyze the need to identify cost accounting methods and techniques and appreciate their role in financial control and management. Review a variety of audit techniques and models. Use budgeting and project financial control methodologies. Carry out interpretation of accounting information analyses within the financial control context and audit. Appreciate the role of risk management in the financial control context and audit. Review the role of auditing and financial reporting from the point of view of the financial controller.
Who should take this course
Financial professionals responsible for financial control and treasurers. Financial professionals working in other areas who are seeking both to widen and update their knowledge and skills. Non financial professionals working in the area of or responsible for aspects of financial control. Anyone with direct financial control responsibilities as well as advisors accountants and business consultants.
Introduction financial policies and working capital management. What is financial control and whose responsibility is it? What financial control can do? What financial control cannot? Financial policies: Examples.
Monitoring and control. Working capital management and control. Stock control and inventory. Debtors (receivables) control. Creditors (payables) control.
Working capital cycle. Optimizing working capital. Cash flow management forecasting budgeting and value chain analysis. Cash flow management and control. Elements of cash flow management. Cash flow forecasting. Cash flow budgeting. Introduction of cost accounting methods and techniques.
Absorption costing and Marginal costing. Contribution analysis. Cost volume profit (break even) analysis. Forecasting budgeting project financial control and the interpretation of accounting information. Variety and appropriate models: Mathematical. Non mathematical.
Budgeting for financial control. The financial control of projects. Interpretation of accounting information. Risk management auditing and financial reporting. Auditing and its role in financial control. Financial reporting.
About Course Provider
London Training for Excellence offer a wide range of training courses in London for organisations and individuals who wish to advance their skills and knowledge in the business world. With a great training centre in London, London TFE have everything that is needed to understand the basic needs of a business. Each course focuses on the ‘real-life’ issues a business could face and how to tackle them with ease.
London TFE have a team of enthusiastic leaders and instructors who share a passion for education and want to deliver that same passion to every individual who wish to take a business to succession. Each training courses London encourages individual to aim high and reach their full potential.