23-09-2024 - 27-09-2024	4200	كوالا لمبور

Course Introduction:

In the globally competitive world of the 21^st century, world class organisations are developing their finance functions to be more efficient and to better support the value creation process. The most progressive enterprises have transformed their finance professionals in to strategic business partners, bringing them out of the back room to support their key decision-makers. The Effective Finance Professional training seminar will help delegates to meet the challenge for today’s finance function to improve efficiency and effectiveness whilst controlling and reducing costs.

The training will highlight:

The Finance Function’s Role in the Organisation’s Value Creation Process
How Finance Professionals can Work as a Strategic Business Partners
Practical Steps to Improve Key Finance Processes
Measures to Achieve Improvements in Efficiency and Effectiveness
How to Manage Significant Change in the Finance Function

Course Objectives:

Upon successful completion of this course, the delegates will be able to understand:

Develop processes to transform finance professionals in to business partners
Understand how the finance team creates and delivers value to its key stakeholders
Implement practical measures to improve finance processes
Improve key processes in receivables, payables and month-end closing
Develop and use up to date tools for forecasting and decision-making
Use principles of change management to transform the finance function

Who Should Attend?

Managers involved in the challenges facing today’s finance function whose focus is on improving the key processes and transforming the finance team in to strategic business partners.
Finance Professionals

Accounts Payable and Receivables Team
Budget and Planning Officers
Financial Advisers and other Finance Professionals and Accountants

Course Outlines:

DAY 1: 21^st Century Challenges for the Finance Function

Understanding the Organisation’s Value Creation Process
The Role of the Finance Function in Value Creation
Balancing the Pressures on Time, Cost, Quality and Service
Today’s Challenges for Finance: Controlling, Closing, Reporting and Planning
Future Challenges for Finance: Control and Empowerment
The Role of the Finance Business Partner

DAY 2: Improving the Efficiency and Effectiveness of the Finance Function

The Focus on Customer Value
Understanding and Applying Lean Principles to Finance
Business Process Re-engineering (BPR) Methods
Improving the Efficiency of Receivables Systems
Improving the Efficiency of Payables Systems
Improving the Efficiency of Inventory Systems

DAY 3: Improving Key Finance Processes – Speeding Up the Period Close

Key Areas of Focus to Speed-up Period Close
Typical Problems and Fixes
Accelerating the Reporting Process

Improving Key Finance Processes – Strategic Decision-Making

Principles of Activity Based Management
Strategic Activity Based Decision Making
Implementing a Strategic Approach to Cost Reduction

DAY 4: Improving Key Finance Processes – Reporting and Performance Management

Implementing an Effective Performance Management Framework
Principles of Integrated Reporting
Developing an Integrated Reporting System

Improving Key Finance Processes – Effective Planning and Forecasting

Designing and Building Financial Models to Manage Risk
Improving Financial Forecasting
Beyond Budgeting – Implementing Adaptive Management Processes

DAY 5: Improving Finance Function Processes – The Way Forward

Transforming the Finance Function: Back Office to Front Line
The Finance Professional as Strategic Business Partner

Managing Change in the Finance Function

Sharing the Vision for the Future of the Finance Function
Managing Change in the Finance Function
The Importance of Urgency
Building and Leading the Winning Finance Team

Course Fees:

To be advice as per course location. This rate includes participant’s manual, Hands-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day

Course Methodology:

A variety of methodologies will be used during the course that includes:

(30%) Based on Case Studies
(30%) Techniques
(30%) Role Play
(10%) Concepts
Pre-test and Post-test
Variety of Learning Methods
Lectures
Case Studies and Self Questionaires
Group Work

Course Certificate:

International Center for Training & Development (ICTD) will award an internationally recognized certificate(s) for each delegate on completion of training