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Advanced Skills for Today's Financial Professional Training Class
Course ID: 12938
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Advanced Skills for Today's Financial Professional Training Seminar
Today's Financial Professionals are the financial gatekeepers of the organization's strategic management team. Whether the organization is involved in manufacturing or providing a service, whether it is for profit or not-for-profit, the job of the Financial Professional is essentially focused on the fiscal stability of the organization; ensuring funds sufficient to achieve its strategic objectives.
This job is not easy. It often involves balancing multiple and often conflicting priorities. In addition, it requires significant knowledge in various disciplines including, Financial Management, Cost Accounting, Banking & Lending, I/T, H/R Issues, Sales & Marketing, Production and Service Line Management, and Strategic and Tactical Planning. Meanwhile, effective communication with internal and external forces adds even more complexity to the task. In order to be successful, you must excel in both your strategic and tactical roles.
This three-day program will provide you with a new perspective with which to approach your job. You will be refocused on many of the key aspects of fiscal management, and discuss "Best Practices" in this ever evolving position. In addition, you will gain the communication and people management skills you need to effectively work with your tactical and strategic management teams, Boards of Directors, regulatory agencies, employees and the financial community.
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Agenda |
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Program Agenda:
Day One
The International Business Environment
The key to effective evaluation of controls lies in the understanding of the environment in which the organization conducts business. This section discusses the role internal audit plays in today's world-focused business environment. You will gain a new perspective on the nature and structure of the organization, The Organizational Planning Framework??, the Product / Decision / Information Cycle??, and how the internal audit process fits into the new business model.
Sarbanes-Oxley Compliance
"SOX" is the new universal term in today's business environment. This legislation imposed sweeping reforms on the organization's requirements to attain and maintain an adequate and effective system of internal controls governing financial reporting. In this section, you will gain a total understanding of the requirements for compliance with all of the key sections of this law, including Sections 302, 401, 402, 403, and 404. Also, you will understand the additional requirements of PACOB Statement No. 2 that is essential for a Unqualified Opinion from your external auditors.
Developing the Corporate Vision: Strategic and Financial Planning
The corporate vision is the glue that binds the organization. The Financial Professional has the task of tempering the development of the Vision with organization's fiscal reality. Striving for a level of performance that pushes the organization is effective; the development of an unrealistic vision is self-defeating. This section will not only show you how to craft an engaging Corporate Vision, but also provide you with specific tools to effectively gauge that the organization's fiscal resources are in line with its strategic aspirations.
Day Two
Financial Reporting: Reflections of the Past - Focus on the Future
The financial reports that the finance function provides are the key ingredient for operational and fiscal decisions. They represent has occurred, and are the starting point for what may occur in the future. This critical section will make you look at financial reporting from a new and different perspective; that of the customer of the finance group. You will see your products as a consumer rather than a producer. As financial professionals, we need to understand the concerns and information requirements of our internal and external customers.
Financial Analysis: Looking Beyond The Numbers
Not just the ratios, but what do they mean. What is the message the numbers are conveying to you as a financial professional. You will see the internal financial analysis process in a totally new light. You'll look at reporting as an expensive product, and how to ensure it meets the customers' needs. By truly understanding how our customers use our products, we can continually enhance our service level. This section goes beyond the typical ratio and variance analysis, taking the financial numbers back to the strategic and tactical objectives developed during the planning process. You will learn how to effectively measure real progress, determining who and what is generating real returns, and how to develop an "Early Warning System" to detect those operations that are going to miss the mark.
Cash Flow Analysis and Cash Planning
Earnings are good, but cash feeds the bulldog! Lenders allowed the Enron Fraud to continue for five years because most did not understand the Cash Flow Statement! This section takes you through the Cash Flow Statement, and, using Excel??, shows you the 12 important ratios and financial indicators that project profitability, solvency, and liquidity of an organization. You will learn how to interpret the Cash Flow Statement, and cut through the "hocus-pocus" of GAAP-Based Financial Statements.
Treasury Management
In this section, you will explore the scope and parameters of the job of the corporate Treasurer. You will learn the key variables for the development of a realistic cash budget. In addition, you will learn how to:
-Develop effective techniques for managing cash
-Identify alternative ways to invest excess cash
-Develop models to determine an optimum level of cash to carry
-Identify sources of Short-Term and Long-Term Cash
-Understand how to prepare for issuance of equity
-When and why to initiate a stock buyback program
-Create a comprehensive Risk Management Policy
Day Three
Evaluating Capital Project Proposals
Capital investment is the lifeblood of the organization. The tools and techniques you explore in this section will enable you to fine tune "realistic" cash flows that will be required by and generated by the capital project. Using Excel??, you will learn how to build financial models to help you determine which capital projects can add economic value to the organization, and funding alternatives.
Evaluating the Leasing and Strategic Outsourcing Options
Leasing and Outsourcing are excellent alternatives to the use of corporate resources and assets. However, leasing is not for everyone, and outsourcing can be more expensive than retaining the process in-house. In this section, you will learn how to evaluate the leasing and outsourcing alternatives, and understand the bottom line implications of each. Also, you will explore the benefits and drawbacks of operating and capital leases and the effects of leasing as they relate to FAS 13, 91, and 98.
Risk-Range Estimation - The Integration of Monte Carlo Theory in Financial Projections
The future is unpredictable. Monte Carlo theory is a great tool to project the potential of achieving financial projections. Using Excel??, and a product of Decisioneering called Crystal Ball??, you will learn how to build sensitivity analysis into you budgets, acquisition models, and forecasts.< |
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Audience |
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We designed this fast-paced seminar specifically for all financial professionals, and CEO's, CIO's, operational vice presidents, board members and anyone who wants to fully understand the role and responsibilities of the today's Financial Professional.
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Pre-requisites |
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Participants should have a basic knowledge of Accounting
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Advanced Skills for Today's Financial Professional Training Course Dates and Locations
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Course ID: 12938
| Course Duration: 3 Days
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Locations: |
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