COURSE OVERVIEW

This highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using the “MS Excel” application. 

This course is designed to provide participants with a detailed and up-to-date overview of Master Financial Controller. It covers the responsibilities of a financial controller and the importance of accurate financial reporting, financial statements and compliance with IFRS, GAAP, and local regulations; the cost control and management and budget preparation; developing and implementing control systems, ensuring compliance with financial regulations and auditing internal controls for efficiency; the role of ERP systems in financial controlling, leveraging financial dashboards for real-time insights and benefits of automation in financial process; and the strategic budgeting techniques, financial forecasting, variance analysis and capital expenditure (CapEx) management. 

 

Further, the course will also discuss the scenario planning in financial controlling; creating base-case, worst-case and base-case scenarios; the sensitivity analysis for key variables and using scenario planning for strategic decision; aligning budgets with organizational goals and using balanced scorecards for strategic alignment; identifying profitability ratios, liquidity ratios, efficiency ratios and solvency ratios; the break-even point and  break-even analysis in pricing decisions; and the cash flow management, investment appraisal techniques, cost-benefit analysis and financial risk management. 

 

During this interactive course, participants will learn the key performance indicators (KPIs), monitoring and evaluating KPI performance and using KPIs to drive organizational improvements; the balanced scorecards in performance management, management reporting, ethics and governance in financial reporting and benchmarking for performance improvement; the strategic role of financial controllers, digital transformation in finance and global financial practice; the crisis management and business continuity and effective communication with internal and external stakeholders; and managing and mentoring financial teams and conflict resolution in financial management.