Schedules Introduction Objectives Training Methodology Who Should Attend? Outline

Home / Finance & Budgeting / Certificate in Operational Finance

Course Schedule

Classroom Sessions:

Date	Venue	Fees
09 - 13 Dec 2024	Istanbul - Turkey	$5,950

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