This five-day course covers the essential skills needed for finance staff to excel in their organization. From macro level management and financial overview to personal organization and time management, various skills are put into practice to help participants become more successful at the workplace.

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

• Identify the relationship between the various financial statements
• Explain the characteristics of 'delegation' and apply various personal organization management techniques
• Evaluate skills and attitudes of finance staff and identify their communication personality styles
• Implement essential skills to enhance their ability to run the finance department
• Manage finance functions in an organized and professional manner
• Determine the reporting requirements for the finance department.
• Practice some of the essential Excel skills to increase efficiency and productivity
• Apply finance policies and procedures to add value and communicate effectively with other departments

This course is intended for all financial managers, financial controllers, finance department heads, chief financial officers, accounting managers, senior finance officers, accountants, finance staff and analysts.


 

Day 1:

 

• THE MACRO FINANCE PICTURE
• Understanding the accounting cycle
• The income statement
• The balance sheet
• Changes in owners’ equity statements
• Cash flow statements
• The relationship of financial statements
• Functions of management
• Three elements of a vision for finance and accounting department
• Effectiveness versus efficiency
• Supporting the operating departments

Day 2:
 

• PERSONAL ORGANIZATION AND TIME MANAGEMENT
• The new skills set
• Delegation and priorities
• Delegation characteristics
• Handling meetings effectively
• The need for review and authorization procedures
• Maintaining clean desk policy
• Managing your in-box
• Peak performance time

Day 3:
 

• STAFFING THE FINANCE FUNCTION
• Hiring the best people
• Identifying recruitment criteria
• Developing interviewing skills
• Interpersonal communication
• Fundamentals of communication skills
• Personality communication styles
• The attitude and skills matrix
• Delegation rules and levels
• Delegation and micromanagement
• Evaluating finance staff performance
• Motivation tools, compensation and perks
   
• KEY EXCEL FUNCTIONS AND TOOLS TO ENHANCE STAFF EFFICIENCY
• Consolidating different set of data
• Applying control at the data entry through data validation
• Reconciling accounts by using 'vlookup'

Day 4:
 

• ORGANIZING THE FINANCE FUNCTION
• Teamwork skills in finance and accounting
• Assessing the need for team building program
• Finance as a project
• Organizing by function
• Organizing by purpose
• Staff duties and responsibilities
• The authorization matrix and control of processes in organizations
• Cross training and backup strategies
• Scheduling the monthly accounting cycle

Day 5:
 

• POLICIES AND PROCEDURES
• Purposes of the policies and procedures manual
• Communicating financial policies
• Staff involvement and responsibilities
• Enhancing personal efficiency

“Hand’s on practical sessions, equipment and software will be applied during the course if required and as per the client’s request”.

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


 

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

·         Discussion

·         Presentation

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

Daily Course Timings: