Masterclass in Financial Control - Certificate in Accounting and Financial Control

LEORON Professional Development Institute
Training overview
Professional Course
4 days
From 4,770 USD
Start dates
4,770 USD
Inquire for more information

4,770 USD
Inquire for more information

4,770 USD
Inquire for more information

Course description

Masterclass in Financial Control - Certificate in Accounting and Financial Control

The MFC program is the “controlling” module of the masters series in administering business organizations. It focuses on the tools to management in directing and controlling the activities of a business to determine whether targets are being met within acceptable risk parameters.

This is a “nuts and bolts” course which begins with an examination of (short-term) working capital management covering how to right size and monitor working capital and tackling credit controls. We review the process of “managing the numbers”, that is, the more traditional approach using the analysis of financial results and the use of ratios as a control tool.

The program then pushes into more pro-active managerial tools reflecting cutting edge organizations that are results orientated: standard costing, relevant costing and cost behavior are examined with a view to achieving the most effective budgetary planning and variance analysis processes. Activity-based costing and Beyond Budgeting are compelling examples of the more pragmatic and practical approach to planning and controlling.

A key part of the course is the focus on how successful companies focus on EVA (economic value added) and how to use EVA to practically assess the value that a business is creating of their business and how they design and implement appropriate KPI (key performance indicators) and OKR systems (objectives and key results).

The course incorporates how to consider and implement more recent trends in the applications of using blockchain as an effective control tool. The program concludes with an interactive case study and discussion of sound internal controls and the COSO framework.

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Who should attend?

This course has been specifically designed for the benefit of:

  • Directors and Senior Officers
  • Heads of Finance
  • Chief Accountants
  • Financial Controllers
  • Management Accountants
  • Managers Responsible for Controlling Cost
  • Internal Auditors

Training content

Day 1

  • Course Background and Overview
  • The Modern Accountant's Role
  • Working Capital Management
  • Application of Advanced Ratio Analysis

Day 2

  • Application of Advanced Ratio Analysis (continued)
  • Effective use of DuPont Analysis as a Control Tool
  • How Your Bank Assesses & Analyzes Credit Risk
  • Review of Costing Concepts
  • Relevant Costing in Decision Making

Day 3

  • How to Approach Budgeting
  • Standard Costing & Operating Performance Measures
  • Variance Analysis

Day 4

  • Activity Based Costing & Budgeting
  • Transfer Pricing
  • Economic Value Added (EVA)
  • Alternative Costing / Budgeting Techniques
  • Goal Setting and Monitoring

Day 5

  • Internal Control Framework
  • Beyond Budgeting – Enabling Business Agility
  • Blockchain Technology as a Control Tool
  • Course Wrap up and Conclusion

Certification / Credits

Benefits of attending

  • Successful completion of this course makes you an MFC™ Master Financial Controller.
  • You can use the designation MFC™ on your business card and resume.
  • Up to 18 months membership to the IABFM professional body
  • Completion of a program fully endorsed by a panel of industry Subject Matter Experts
  • Access to the IABFM network and body of information online
  • Preferred access to education centres in USA, UK, Europe, Asia, Middle East and
    Latin America
  • Access to the IABFM journal published online.
  • Gold Embossed Certificate with your name and designation as MIABFM
    (Member of the International Academy of Business and Financial Management)

You'll receive

35 NASBA CPE credits

Why choose Leoron?

LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.

We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.

About Leoron

LEORON Professional Development Institute

LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...

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