Modern Techniques in Auditing and Financial Control
Classroom based course with study materials, lecturer support and CPD Hours included
London Training For Excellence
Summary
Price
£4,320 inc VAT
Study method
Online
Duration
5 days · Self-paced
Qualification
No formal qualification
Additional info
- Tutor is available to students
Add to basket or enquire
Overview
Learning Objectives: Identify and apply financial control and audit knowledge and skills. Appreciate how working capital might be optimized and controlled. Understand the need for close control and forecasting of cash flow. Analyze the need to identify cost accounting methods and techniques and appreciate their role in financial control and management. Review a variety of audit techniques and models. Use budgeting and project financial control methodologies. Carry out interpretation of accounting information analyses within the financial control context and audit. Appreciate the role of risk management in the financial control context and audit. Review the role of auditing and financial reporting from the point of view of the financial controller.
Description
Day 1 – 9am – 2pm
- Introduction, financial policies and working capital management.
- What is financial control and whose responsibility is it?
- What financial control can do?
- What financial control cannot?
- Financial policies:
- Examples.
Day 2 – 9am – 2pm
- Monitoring and control.
- Working capital management and control.
- Stock control and inventory.
- Debtors (receivables) control.
- Creditors (payables) control.
Day 3 – 9am – 2pm
- Working capital cycle.
- Optimizing working capital.
- Cash flow management, forecasting, budgeting and value chain analysis.
- Cash flow management and control.
- Elements of cash flow management.
- Cash flow forecasting.
- Cash flow budgeting.
- Introduction of cost accounting methods and techniques.
Day 4 - 9am – 2pm
- Absorption costing and Marginal costing.
- Contribution analysis.
- Cost volume profit (break even) analysis.
- Forecasting, budgeting, project financial control and the interpretation of accounting information.
- Variety and appropriate models:
- Mathematical.
- Non mathematical.
Day 5 - 9am – 2pm
- Budgeting for financial control.
- The financial control of projects.
- Interpretation of accounting information.
- Risk management, auditing and financial reporting.
- Auditing and its role in financial control.
- Financial reporting.
Reviews
Currently there are no reviews for this course. Be the first to leave a review.
Add to basket or enquire
Course provided by
Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
FAQs
Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.
CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.
A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.
An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
