Financial Controller Functions

INTRODUCTION

“The Effective Financial Controller – Managing Financial Functions and Improvement Opportunities” is a specialized training program designed to enhance the skills and knowledge of financial controllers in effectively managing financial functions and identifying improvement opportunities within organizations. In today’s dynamic business environment, financial controllers play a pivotal role in ensuring the financial health and success of their organizations.

OBJECTIVES

By the end of this training program, participants will be able to:

• Understand the roles and responsibilities of a financial controller in managing financial functions.
• Implement best practices for financial reporting, budgeting, and forecasting.
• Identify areas for improvement in financial processes and implement strategies for optimization.
• Enhance financial analysis skills to support decision-making and strategic planning.
• Develop leadership and communication skills to effectively interact with stakeholders across the organization.

TRAINING METHODOLOGY

This training program will utilize a combination of interactive lectures, case studies, group discussions, and practical exercises. Participants will have the opportunity to learn from real-world examples and engage in hands-on activities to reinforce learning outcomes.

ORGANIZATIONAL IMPACT

• Improved financial management practices leading to enhanced decision-making and resource allocation.
• Streamlined financial processes resulting in increased efficiency and cost savings.
• Strengthened internal controls and risk management frameworks.
• Enhanced alignment of financial strategies with organizational goals and objectives.
• Increased confidence in financial reporting accuracy and compliance with regulatory requirements.

PERSONAL IMPACT

• Enhanced understanding of financial management principles and practices.
• Development of advanced financial analysis skills applicable to various business scenarios.
• Increased ability to identify and capitalize on improvement opportunities within financial functions.
• Strengthened leadership and communication skills for effective stakeholder management.
• Recognition as a strategic partner in driving organizational success through sound financial management.

WHO SHOULD ATTEND?

“The Effective Financial Controller” training program is ideal for financial professionals seeking to enhance their skills and capabilities in managing financial functions. Participants may include:

• Financial Controllers
• Finance Managers
• Accounting Managers
• Financial Analysts
• Audit Managers
• Treasury Managers

COURSE OUTLINE

Day 1: Roles and Responsibilities of a Financial Controller

• Understanding the Role of the Financial Controller
• Financial Reporting Requirements and Standards
• Internal Controls and Compliance Frameworks
• Working Capital Management:
  • Debtors
  • Creditors
  • Stocks/Inventory Releasing
  • cash from the balance sheet
  • Optimizing cash balances

Day 2: Financial Planning, Budgeting, and Forecasting

• Strategic Financial Planning and Forecasting
• Budgeting Process and Best Practices
• Variance Analysis and Performance Monitoring

Day 3: Financial Analysis and Decision Making

• Financial Statement Analysis Techniques
• Capital Budgeting and Investment Analysis
• Risk Management and Decision Support

Day 4: Internal Control and Internal Audit Function of the Financial Controller

•       Understanding Internal Control Frameworks and Principles
•       Role of Internal Audit in Financial Governance
•       Risk Assessment and Control Activities
•       Monitoring and Reporting on Internal Controls
•       Best Practices for Ensuring Compliance and Risk Mitigation

Day 4: Leadership and Communication Skills for Financial Controllers

•       Leadership Styles and Strategies for Financial Controllers
•       Effective Communication with Stakeholders
•  Managing Change and Driving Organizational Success.

Duration:4 Days. Fee: N270,000