Introduction To Financial Controls

Understanding the fundamentals of Financial Controls - Effective Financial Management for your Organisation

What you'll learn

What are Financial Controls

Why Organisations institute Controls

Objectives of Financial Controls

Features of Effective Financial Controls

Examples of Financial Controls

Financial Controls Policies

Financial Controls Processes and Procedures

Financial Controls Tasks

Financial Controls around selected Functions

Keeping up to date Financial Controls

Challenges to Financial Controls

Requirements

Learners Keen on Understanding how Organisations work

Interest in the Finance Function

Desire to learn about Control Environments

If in the Finance, Accounting and Decision Making functions

Audit

Accounting

Policy Developers

Description

Introduction to Financial Controls: Effective Financial Management for your OrganisationIn today’s dynamic business environment, effective financial controls are the cornerstone of sustainable growth and success. Effective Financial Controls give the confidence required in making progress, reviewing results and planning for further advances as an organisation. Our course, Introduction to Financial Controls, is designed to equip you with introductory knowledge and skills necessary to manage and safeguard your organization’s financial health.  We look at the concepts, principles and frameworks relating to Effective Financial Controls, including aspects affected.  Whether you are an aspiring accountant, a finance professional, or a business leader, this course will provide you with invaluable information as an introduction to the core topic areas. Why Enrol?By enrolling in this course, you’ll gain an introduction and understanding of key financial control features, such as budgeting, auditing, internal controls, and risk management. You’ll what constitutes effective and robust financial control systems that not only detect and prevent errors and fraud but also enhance the overall efficiency and effectiveness of your organisation’s financial operations.What You’ll Learn:The fundamentals of financial control systems and their importance in business operations.Objective of Financial ControlsElements and features of an effective Financial Control frameworkFinancial Control PoliciesFinancial Control ProcessesUpdating Financial ControlsChallenges to implementing effective Financial Controls and much, much more. Benefits:This course will introduce you to controls that ensure Management Objectives are met, measured, reviewed and updated. These will help direct the affairs of the organisation in a deliberate and safe direction. They'll also provide financial integrity, transparency, and success in your professional role. I look forward to hearing from you. Bets regards, Baba

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Importance of Financial Controls

Lecture 2 Importance of Financial Controls

Section 3: What are Financial Controls?

Lecture 3 What are Financial Controls?

Section 4: Objectives of Financial Controls

Lecture 4 Objectives of Financial Controls

Section 5: Features of Effective Financial Controls?

Lecture 5 Features of Effective Financial Controls

Lecture 6 Other Features of Effective Financial Controls include

Section 6: Financial Control Policies

Lecture 7 Financial Control Policies

Lecture 8 Financial Control Policies - Examples

Lecture 9 Financial Control Policies - Summary

Section 7: Financial Control Processes & Procedures

Lecture 10 Financial Control Processes & Procedures

Lecture 11 Functions - Financial Control Processes & Procedures (A)

Lecture 12 More Functions - Financial Control Processes & Procedures (B)

Section 8: Financial Control Tasks

Lecture 13 Financial Control Tasks

Lecture 14 More Financial Control Tasks (A)

Lecture 15 More Financial Control Tasks (B)

Section 9: Classification of Financial Controls

Lecture 16 Authorisation Controls & Segregation of Duties

Lecture 17 Physical Controls & Reconciliation Controls

Lecture 18 Audit Controls & IT Controls

Section 10: Updating Financial Controls

Lecture 19 Updating Financial Controls - Regular Reviews

Lecture 20 Updating Financial Controls - Changes in Regulations

Lecture 21 Updating Financial Controls - Technological Advances

Lecture 22 Updating Financial Controls - Training and Communication

Section 11: Common Challenges - Financial Controls

Lecture 23 Common Challenges - Cost & Complexity

Lecture 24 Common Challenges - Resistance to Change & Limited Resources

Lecture 25 Common Challenges - System Integration & Human Error

Lecture 26 Common Challenges - Compliance with Regulations

Section 12: Conclusion

Lecture 27 Conclusion

Accountants,Aspiring Accountants,Auditors,Internal Auditors,Decision Makers,Policy Developers,Finance Professionals,Aspiring Finance Professionals,Entry Level,Decision Makers,Business Owners,Team Leaders,Supervisor,Finance Department,Treasury Function,Chartered Accountant