Financial Reporting for Controllers
Mastering the key financial controller skills!
- Starts Oct 12Starts Oct 12
- 1.315 Arubaanse guldenAfl. 1.315
- EC&T Training Facility, Newtonstraat 1-A
Course Outline The course covers several activities that are practiced by financial controllers. From preparing financial statements, compiling and distributing internal reports, analyzing 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. Course Objectives By the end of the course, participants will be able to: * Explain the purpose and importance of financial controlling * Explain the key elements of the planning and control process * Explain generally accepted accounting principles and define and apply several of these principles to the preparation of key financial statements * Describe the process of external auditing and its related activities * Apply management accounting techniques to manage the company operations * Perform capital budgeting to evaluate and rank potential capital investments * Prepare key internal financial reports to fulfill management's information needs * Perform financial statement analysis using financial ratios * Design and use basic and advanced financial forecasting models in Excel * Identify and prepare the building blocks of a master budget Target Audience Controllers, internal auditors, heads of accounting, financial assistants, managers and supervisors. Key Topics The key topics covered in the course are: * Management control and the planning and control cycle * Fundamentals of financial accounting and the role of generally accepted accounting principles in the preparation of external financial reports * Preparing financial statements starting from raw trial balance and ending with full comprehensive disclosures * Use of financial statements and the relationships between these statements * Financial analysis using financial statements' ratios and use of Excel sheets and graphs for financial statements analysis * International auditing standards and the audit process model * Role of management accounting in planning, directing and controlling * Product and service costing methods * Variance analysis and cost control measures * Capital budgeting and investment analysis * Master budgets and budgetary control * Financial planning, forecasting and feasibility studies * Performance analysis and the Balanced Scorecard Examination * Three assignments * Final exam
Erasmus Consulting & Training, Newtonstraat, Oranjestad, Aruba