Strategic Business Planning

Introduction

Strategic Business Planning „state of the art― is discussed within the group of your managers to bring new and innovative business planning.

Benefits to the Individual:

Main Topics:

General Master Model© of strategic planning:

  • Useful models to assess the current & future situation of the bank
  • Do’s & don’ts for successful planning and implementation
  • Communication of the Strategy, Vision Creation,

 

Initial Position

  • Key Performance Indicators (KPIs)
  • Definition of scope – core problems & challenges

Uncertain future – Outside the box

  • Scenario based approach
  • Evaluation of relative trends & impact/uncertainty grid

 Strategic Options & Assessment

  • Scenario building – scenario matrix based on the key uncertainties
  • SWOT Analysis & risk assessment

 Transfer to the operational organization

  • Review your corporate mission objectives strategy and tactics. So what to do?

Best for: This course is suitable for anyone involved in business and financial planning for their organizations. This includes Board members, Trustees, Chief Executives and Senior Management Teams across the third, public and private sectors.

ICOFR

Introduction:

INTERNAL CONTROL OVER FINANCIAL REPORTING tends to explain how good controls are necessary to effectively and efficiently be carried out the company at all levels.

Benefits to the Individual:

In this training participants will learn:

  • What controls are, why they are important, and what happens when they fail;
  • Identifying and evaluating risks
  • Key elements of a control system
  • Understand and apply a structured and systematic approach to ICOFR
  • Identify the roles and responsibilities of the participants in the ICOFR process

 

Best for: Participants will be those from the Office of the Chief Financial Officer and other supporting offices who participate in the assessment of ICOFR and are looking to better understand their role and responsibilities.

Operational Risk Management

Introduction:

The goal of this two-day workshop is to build an understanding of the importance of operational risk management within the banking industry, and through the practical examples to explore the techniques to review, manage and account successfully for operational risk

Benefits to the Individual:

  • Identify the sources of operational risk and how these arise within the context of financial institutions main business activities
  • Understand the governance structures, systems, procedures and cultural aspects necessary for an organization to successfully manage operational risk.
  • Build knowledge of the main techniques for the measurement and quantification of operational risk and their relative merits and drawbacks.
  • Operational Risk Management in Banking Industry
  • Risk classes and their interconnections:
  • Stages of Operational Risk Management
  • Categories of Operational Risk as a valid base for solving problems for management

Best for: This course is aimed at any organization or individual who needs a structured approach to managing risks at a strategic, program, project or operational level. It will develop knowledge, confidence and skills by building an understanding of different types of risk, their implications and their management options.

Finance for non-financial managers

Introduction:

This comprehensive course tends to provide the non-finance managers with the necessary skills and confidence to analyze and interpret financial information and enabling them to makes decisions that add value in their companies.

By understanding them, the participants will be able to conduct analysis, learn major financial ratios and their applications; the relationship with the financial performance of the company; the importance of efficiency and profitability.

The effectiveness of the management depends on solid decisions and as a manager, it is expected to:

  • Be familiar and interpret the financial data of Financial Statements. Translate them into operational data needed for the day to day activities.
  • Understand the budgeting framework, the type of budgets and the uses of budgeting.
  • Interpret Key Performance Indicators (KPIs) and evaluate them properly.

Benefits to the Individual:

FINANCIAL STATEMENTS: HOW TO READ AND UNDERSTAND THEM?

  • Balance sheet and profit and loss account
  • Understanding financial statements and how they are related (Balance Sheet, Profit and Loss, Cash Flow)
  • Ratio analysis
  • Using selected ratios to interpret information in financial statements
  • Profitability and efficiency

COSTING AND PRICING: HOW TO INTERPRET AND MANAGE?

  • Costing principles
  • Direct vs indirect costs.
  • Fixed and variable costs
  • Break-even analysis

BUDGETING: HOW TO PLAN THE BUSINESS ACTIVITY?

  • Identifying key information for business planning
  • Interpreting information in a budget
  • Using financial reports to predict future performance

 

Best for: Managers, Entrepreneurs and every other professional whom deals with financial information.

 

Fundamentals of Financial Reporting Standards

Introduction:

This comprehensive financial reporting standards training program will enable each participant to appreciate and understand the basics and certain complexities associated with international accounting standards along with topic terminology, concepts and applications.

Benefits to the Individual:

  • Structural Framework for the Preparation and Presentation of Financial Statements
  • Purpose and Objectives, including Financial Statement Audit Impact
  • Scope, Structure and Content of IFRS Financial Statements
  • Accounting Policies and Underlying Assumptions
  • Components of Financial Statements, including Qualitative Characteristics
  • Measurement and Recognition of the Elements of Financial Statements
  • Preparation and Presentation of IFRS Financial Statements
  • Balance Sheet
  • Income Statement
  • Statement of Cash Flow
  • Consolidation Criteria and Requirements
  • Accounting Treatments of specific areas:
  • Inventory
  • Non – Current and Intangible Assets
  • Valuation and Revaluation
  • Depreciation
  • Deferred Taxes
  • Liabilities and Provision
  • Revenue
  • Financial assets and Liabilities

Best for:  Professionals from Finance, Financial Controlling, Financial Reporting, Internal Audit Departments.

Fundamentals of finance management for Engineers

Introduction:

This comprehensive program tends to provide the non-financial people, with the necessary skills and confidence to analyze and interpret financial information and enabling them to makes decisions that add value in their companies. The workshop is designed to provide to the engineers with a solid and strong management experience on where to develop from. The expectation is about to:

  • Be familiar and interpret the financial data though the Financial Statements: Balance Sheet, Income Statement and Cash Flow Statement.
  • Understand the budgeting framework, the type of budgets and the uses of budgeting. Important regarding the budget is how to track the performance of the budget.
  • Interpret Key Performance Indicators (KPIs) from the financial management perspective.

 

Benefits to the Individual:

In this three days, the course will introduce the participants with the financial management topic and the financial statements, how to read and interpret them from a non-financial side. By understanding them, the participant will be able to conduct analysis, learn major financial rations and their applications; the relationship with the financial performance of the company; the importance of liquidity and profitability.

This course will be taught using a combination of theoretical instructions, combined with case studies and practical exercises to reinforce the concepts taught in each section.

The main topics are:

  • Introduction to Finance
  • Financial Statements: Balance Sheet, Profit and Loss, Cash Flows
  • Sources of Capital
  • Budgets and Performance Trace
  • Investment Analysis and Return on Investment
  • Ratio Analysis
  • Time Value of Money: Capital Investment Analysis and Economic Analysis

Best for: Engineers

Operational Risk Management

Introduction:

The goal of this two-day workshop is to build an understanding of the importance of operational risk management within the banking industry, and through the practical examples to explore the techniques to review, manage and account successfully for operational risk.

Specifically, the participant will be equipped to:

 

  • Identify the sources of operational risk and how these arise within the context of financial institutions main business activities
  • Understand the governance structures, systems, procedures and cultural aspects necessary for an organization to successfully manage operational risk.
  • Build knowledge of the main techniques for the measurement and quantification of operational risk and their relative merits and drawbacks.

 

 

Benefits to the Individual:

 

  • Operational Risk Management in Banking Industry
  • Risk classes and their interconnections:
    • Reputation Risk
    • Strategy Risk
    • Operational Risk
  • Stages of Operational Risk Management
    • A Head Office Operational Risk function
    • A dedicated but decentralized support
  • Categories of Operational Risk as a valid base for solving problems for management:
    • Organization
    • Policy/Processes
    • Technology
    • Human
    • External
  • Internal Control Framework, Control Objectives and Risk
    • Objectives and Roles of the Internal Control Framework
    • Efficiency and effectiveness of activities (performance objectives)
    • Reliability, completeness and timeliness of financial and management information (information objectives)
    • Compliance with applicable laws and regulations (compliance objectives)
  • Measurements of Operational Risk, Practical instruments and tools (followed by examples and worksheets)
    • Control and Risk Self-Assessment (CRSA)
    • Impact & Frequency Scorecard
    • Risk and Process Mapping
    • Operational Risk Dashboard
    • Loss Event Database

Best for: Professionals from Finance, Financial Controlling, Financial Reporting, Internal Audit Departments.