Master Financial Controller Certification Course

Why select this training course?

A financial controller’s role is essential in every business. Thus it’s crucial for current controllers and those aspiring to become controllers to acquire knowledge in areas such as advanced accounting procedures, financial report writing, and financial statement analysis.

How can financial key performance indicators be useful in financial control?

Financial Key Performance Indicators (KPIs) are the criteria for financially measuring a company’s performance. Financial KPIs are important as they help companies understand where it makes the most profit; ensure that the company meets its financial goals; enable companies to make better financial decisions; encourage better financial performance because it is easier to monitor the company’s progress and motivates the members of the company to meet the financial target of the company.

Why is financial control important to an organization?

The knowledge of financial control in an organization helps such an organization to have a better understanding of the importance of a financial controller in the overall well-being of a company’s finance, support the management of the company in making better financial decisions, draw up the best financial budgets for the company or organization; think of ingenious ways of meeting a company’s finances to reach the point of stability and profitability; ably evaluate within the company and its finance department the internal control; and better understand the essential skills needed to enhance finance and accounting work using Microsoft Excel.

This Rcademy Master Financial Controller Certification Course will help you better analyze your company’s financial needs and understand the best accounting practices that are particularly suitable for your company. In addition, this course is a step toward becoming a financial director, which is superior to a financial controller.

Who should attend?

The Master Financial Controller Certification Course by Rcademy is suitable for anybody interested in learning about financial control, especially if they fall into these categories:

• Internal Auditors: handling the financial auditing of firms and organizations to ensure compliance
• Financial Controllers: managing the financial accounts of the organizations and carrying out all related financial transactions
• Directors and Senior Officers: responsible for directing the affairs of departments or the entire unit
• Accountants: handling the account of the corporation and ensuring financial compliance with regulations
• Cost Controller or Manager: responsible for managing procurements and other cost-related services
• Finance or Accounting Managers: in charge of the books of the organization as it relates to finances and other accounting components
• Supervisors: responsible for overseeing the operations of personnel
• Is any other professional: interested in learning about financial control

What are the course objectives?

The Master Financial Controller Certification Course by Rcademy is made to meet the following objectives:

• Learn to help participants understand financial reporting better and utilize it in the workplace
• Equip participants with the much-needed knowledge to reach the peak of their finance careers
• Help participants properly manage the transactions of their organizations or companies.
• Equip the participants with the skills needed to perform excellently in their financial control career
• Equip participants with better leadership skills needed in the financial sector and workplace
• Emphasize the importance of interpersonal and partnership skills for a company’s growth
• Update the participants’ knowledge of the best practices in financial reporting, analysis, and budgeting

How will this course be presented?

The Rcademy course has been curated after detailed research by the tutors. Professionals in accounting and finance will take the course. The course will be delivered best through clear slides, presentations, and researched materials. The course will also engage the participants through class interaction and participation, group discussions, seminars, presentations, and assignments. Using these methods, the participants will be well-grounded and knowledgeable on everything financial control entails.

What are the topics covered in this course?

Module 1: Introduction to Financial Accounting

• Overview of Financial Accounting
• The Roles of Accountants in modern finance
• The various principles of accounting
  – Principle of Objectivity
  – Principle of Full disclosure
  – Principle of Historical Cost
  – Matching Principle

Module 2: Financial Statements and Cash Flow

• Definition of financial statements
• Types of financial statements
  – Balance sheets
  – Income statements
  – Cashflow statements
• Examples of Financial Statements
• Definition of Cashflow
• Types of Cashflow
  – Financing activities cashflow
  – Investing activities Cashflow
  – Operating activities Cashflow

Module 3: Accounting and its Reporting

• International Financial Reporting Standards (IFRS)
  – Conceptual Framework
  – Adoption of the IFRS
  – Accounting Policies
  – Changes in Accounting Estimates and Errors
  – Combination of Business
• Key Performance Indicators (KPIs)
• Objectives and Key Results (OKRs)

Module 4: Interpretation and Analysis of Financial Statements

• Analytical tools for financial statements
  – Ratio analysis
  – Trend analysis
  – Comparative statements
  – Cash flow analysis
  – Common-size statements
  – Funds flow analysis
• Fundamental Block of ratios
  – Equity Ratio
  – Activity and Investment Ratio
  – Debt-to-equity ratio
  – Liquidity ratio
  – Acid-test Ratio
  – Gross margin Ratio
  – Solvency Ratio

Module 5: Reporting and Analysis of Budget

• Definition of Budgeting
• Importance
• Application
• Evaluation and analysis of budgets
• Preparation of budget reports

Module 6: Budget Forecasting and Planning

• Definition of Budget Forecasting and Planning
• Steps involved in Budget Forecasting and Planning
  – Planning
  – Budgeting
  – Forecasting
• Best Practices in Budget Forecasting and Planning
  – Holistic Process
  – Automation of the Process
  – Prioritising Budget Forecasting and Planning
  – Accountability

Module 7: Financial Controls

• Definition of financial controls
• Processes of financial controls
  – Anomalies detection and identification
  – Prompt updating
  – Analysis of likely operational scenarios
  – Forecasting and projections
• Importance of financial controls
  – Management of resources
  – Maintenance of Cashflow
  – Prevention of fraud
  – Enhancement of profits
  – Operational efficiency
• Financial controls examples

Module 8: Financial Analysis

• Overview of Financial Analysis
• Techniques for Financial Analysis
  – Vertical Analysis
  – Horizontal Analysis
• Importance of Financial Analysis
• Examples of Financial Analysis tools
  – Microsoft Excel
  – Bloomberg
  – Thomas Reuters
  – SAP
  – Capital IQ

Module 9: Mergers and Acquisition

• Meaning of Mergers
• Meaning of Acquisition
• Differences between Mergers and Acquisition
• Transactions similar to Mergers and Acquisition
  – Consolidations
  – Assets Purchase
  – Tender offers
  – Acquisition of Management
• Structure of Mergers
  – Vertical Mergers
  – Horizontal Mergers
  – Congeneric Mergers
  – Product-extension Merger
  – Market-extension Mergers
  – Conglomeration
• Financing of Mergers and Acquisitions
• Valuation of Mergers and Acquisitions
  – Discounted Cash Flow (DCF)
  – Replacement Cost
  – Price-to-Earnings Ratio (P/E Ratio)
  – Enterprise-Value-to-Sales Ratio (EV/Sales)