Certificate in Operational Finance Training Course

Schedules Introduction Objectives Training Methodology Who Should Attend? Outline

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Course Description

INTRODUCTION

Operational Finance is key to efficient running of the organization. With clear and effective management of Operational Finance the business will be liquid, profitable and sustainable in the most difficult of time. This Certificate in Operational Finance training course will enable you to manage Cash & Working Capital effectively and efficiently, ensuring optimum levels of Cash and Inventory as well as efficient management of Accounts Receivable and Accounts Payable. These skills will ensure liquidity and increase profitability through the reduction in costs associated with handling and storing inventory, debt collection, bad debts and finance costs. In addition, this Operational Finance training course it will enable companies to make informed and better financial decisions.

This training course will feature:

Practical application of the latest tools and techniques
Policies of Best Practice adopted by leading international companies
How to manage every aspect of Operational Finance – Inventory, Accounts Receivable, Bank, Cash and Accounts Payable
Investment and Finance opportunities aimed at increasing returns and minimising costs
The issues facing companies in the Oil Sector

Objectives

By the end of this training course, participants will be able to:

Improve Organisational Efficiency and Profitability
Manage Cash; Liquidity & Working Capital to reduce finance costs and improve returns
Improve Inventory Control
Manage Accounts Receivable & Accounts Payable effectively
Manage Cash Budgets and ensure cash is working effectively

Training Methodology

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes case studies from the delegates industry, interactive worked examples, discussions and videos. Participants will be actively engaged, individually and as part of a group, in their discussion, analysis and evaluation of real-world problems.

WHO SHOULD ATTEND?

This training course is suitable to a wide range of professionals but will greatly benefit:

Professionals working in Inventory Management, Accounts Receivable & Accounts Payable who wish to up-date and improve their knowledge and skills
Financial decision makers, whose techniques of decision making, and analysis will be improved through attendance
Managers and those with financial responsibilities
Professionals acting upon the financial decisions of others, who will gain an appreciation for decision making thereby ensuring shared values within the organisation
Professionals with an interest in finance and the latest market developments

Course Outline

DAY 1

Operational Finance – An Overview

Finance & Financial Management
Operational & Corporate Finance
Financial Statements and the Operational Finance
Cash Flow Statements – evaluating the PAST Cash Flow
Working Capital, The Cash Flow Cycle & Operational Efficiency
Cash Forecast & Budgets – evaluating the FUTURE Cash Flow

DAY 2

Bank & Cash Management

The Optimal Cash Balance
Sources of Short-Term Finance
Short Term Investment Opportunities
Financing Growth & Increased Turnover
The Dangers of Overtrading
Minimising Interest Cost & Maximizing Interest Earned

DAY 3

Inventory & Accounts Payable Management

The Cost of Inventory
The Optimum Inventory Level
Negotiating Contracts & Delivery Terms
International Methods of Payment & ICC Incoterms
Just in Time Management
Reducing Inventory Levels

DAY 4

Managing Accounts Receivables

The Importance & Problems of Giving Credit
Evaluating Credit & Counterparty Risk
Debt Collection Policy
Extending & Managing the Credit Period
Offering Discounts – determining the best policy
Protecting against Bad Debts & the Role of Credit Rating Agencies

DAY 5

Multinational & Treasury Cash Management

The Role & Scope of Treasury Management
Operation & Location of a Treasury Department – Cost or Profit Centre; Centralised or Decentralised
Meeting Cash Calls and Short-Term Methods of Finance
Netting & Cash Concentration Accounts
Multi-national & Group Cash management
Exchange Rate Risk Management

Certificates

On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance

Providers and Associations

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

Options & Brochure

Related Categories

Finance & Budgeting

Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

An Interactive 5-Day Training Course

Certificate in Operational Finance

Managing Finance to Achieve Succesful Operations