Top-tier companies are reshaping their finance departments to increase productivity and better facilitate the process of value generation. In order to help their critical board-level decision-makers, the most forward-thinking companies have turned their finance specialists into strategic business partners. This cutting-edge course is intended to assist participants in meeting the issue of improving efficiency and effectiveness while managing and lowering operating expenses for finance professionals in the twenty-first century. In order to maximize efficiency and operational relevance, this Oxford Training Center’s finance training course aims to give participants a realistic working understanding of the most recent finance function methods and methodologies.
Objectives and target audience
Objectives
The Effective Finance Professional’s Finance & Budgeting training course will provide you the hands-on knowledge and abilities you need to tackle the ever-evolving finance function of the twenty-first century. This expert-led training course will concentrate on how time can be saved for advanced cost management, business analytics, and improved planning, forecasting, and reporting techniques, all of which can support the development of data-driven decision-making (DDDM) by optimizing key finance processes and attaining operational excellence. Business models and procedures have already been severely disrupted in the twenty-first century due to the quick and important advancements in digital technology and data management.
Following the course, you will have the ability to
- Convert financial experts into valuable business associates.
- Include the finance group in the process of creating value.
- Start and carry out actions to increase the effectiveness of the financial process.
- Reduce period-end closing procedures dramatically.
- Create cutting-edge forecasting and decision-making tools.
- Transform the financial function by implementing change management.
Target audience
- Budgeting managers
- Forecasting managers
- Accounts payable team
- Customer receivables team
- Work-in-progress project team
- Strategic planning team managers
- Treasury and investment managers
- Cost and management accountants
- Financial accounting team members
- Finance professionals in all organizational functions
How will attendees benefit?
In several crucial areas, the participants will immediately profit from the growth and improvement of their professional financial skills:
- Finding areas where their financial procedures need to be improved
- Business Intelligence (BI) Advancements
- Applying descriptive and predictive analytics with Excel
- Enhanced abilities in forecasting, reporting, and planning
- Developing a Strategic Finance Business Partner’s Capabilities
- How to effectively handle change in the finance function
Course content
Module 1
- Digital Challenges of the 21st Century
- The Digital Century’s Potential and Dangers
- The Finance Function’s Challenges in the Twenty-First Century
- Recognizing Business Models and How They Are Disrupted
- Creating a Framework for Performance Management That Works
- Specifying Actions for Successful Strategic Management
- Essential Skills for a Successful Finance Professional
Module 2
- Simplifying Financial Procedures to Reach Operational Superiority
- The Path to Transformation through Operational Excellence
- Finance Procedures’ Effect on Business Performance
- Enhancing and Simplifying Important Financial Procedures:
- Receivables
- Payables for Inventory
- Quickening the “Customer to Cash” Cycle and Enhancing Important Financial Procedures: Close of Period
Module 3
- Essential Financial Skills: Cost Evaluation and Control
- Advances in Cost Analysis and Management: An Understanding of Cost Behavior, Profit, and Cash Generation
- Advanced Costing Techniques: Value-Based Pricing Strategies, Activity-Based Management and Decision-Making, Kaizen, and Target Costing
Module 4
- Essential Financial Skills: Reporting, Forecasting, and Data Analysis
- Comprehending Business Analytics and Business Intelligence
- Excel Methods for Forecasting, Predictive Analytics, Budgeting, and More Than Data Visualization Methods for Financial Reporting
- Creating and Utilizing Dashboards and Scorecards
- Creating Powerful Financial Reports
- Integrated Reporting (IR) Fundamentals