Auditing & Financial Control Training Course

Overview
Course Outline
Scheduled Dates

Course Overview

Effective auditing and financial control are essential to maintaining organizational health in today's fast-paced and competitive business environment. This course provides professionals with the tools, knowledge, and skills to optimize financial management, implement control systems, and understand financial reporting. Participants will explore various auditing methods, working capital management, cash flow control, cost accounting techniques, and budgeting to ensure sound financial decision-making and risk management.

Objective:

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.

Course Outline

Day 1: Introduction to Financial Control and Working Capital Management (9 am - 2 pm)

Understanding financial control and its importance in organizational health
Clarifying the responsibilities of financial control within the organization
Identifying what financial control can and cannot do for businesses
Exploring financial policies and their role in guiding financial control
Examining examples of financial control policies and their applications

Day 2: Monitoring and Control of Working Capital (9 am - 2 pm)

Analysing the components of working capital management and control
Understanding stock control and inventory management techniques
Managing and controlling debtor (receivables) and creditor (payables) balances
Techniques for optimizing working capital efficiency within the business
Identifying strategies to reduce unnecessary working capital and improve liquidity

Day 3: Cash Flow Management and Cost Accounting Methods (9 am - 2 pm)

Understanding the working capital cycle and its impact on cash flow
Techniques for optimizing working capital for improved cash flow
Cash flow management techniques, including forecasting and budgeting
Introduction to cost accounting methods and techniques for financial control
Understanding the relationship between cash flow management and cost accounting

Day 4: Cost Accounting and Financial Control Models (9 am - 2 pm)

Differentiating between absorption costing and marginal costing
Conducting contribution analysis and its role in financial decision-making
Analysing the break-even point and using cost-volume-profit (CVP) analysis
Exploring budgeting, forecasting, and project financial control methods
Understanding the variety of models used in financial control, both mathematical and non-mathematical

Day 5: Financial Control, Budgeting, Risk Management, and Auditing (9 am - 2 pm)

Understanding budgeting techniques for effective financial control
Exploring the financial control of projects and monitoring project costs
Interpreting accounting information within the financial control context
The role of risk management in financial control and auditing practices
Auditing's role in financial control and its relationship with financial reporting

Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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London

$5,300

Duration: 5 Days

date: 07 - 11 Apr 2025

London

$5,300

Duration: 5 Days

date: 21 - 25 Jul 2025

London

$5,300

Duration: 5 Days

date: 29 Sep - 03 Oct 2025

London

$5,300

Duration: 5 Days

date: 13 - 17 Oct 2025

Compliance and Legal

Modern Techniques in Auditing and Financial Control

Rating: 5/5

Duration:5 Days

date:07 - 11 Apr 2025

London

$5,300

CPD Standards

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

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We customise our courses to suit your personal learning needs
Quality

Our courses are delivered by highly experienced industry experts
Recognition

All our courses are accredited by the CPD Standards Agency

Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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