This course aims to provide you with fundamental concepts and latest development in enterprise resource planning (ERP) and to have a proactive attitude towards change management that is needed for ERP implementation.
In recent years there has been a growing recognition that, in the long run, effective management of cash flow is more important than profit. Long-term cash flow is the real value of a business. It has also been recognized that there is significant potential for improved financial performance from the more effective management of working capital – both directly from immediate cash gains and reduced net interest costs, and indirectly through its impact on increased profitability and return on capital employed. A key challenge in achieving these performance improvements results from the fact that actual levels of working capital and delivery of cash flow are effectively determined by the day-to-day actions of a great many managers and staff, which in large corporations often run into tens of thousands.
Budgets are an essential financial tool, which aid, planning, decision making, resource allocation, coordination, and control.
The COVID-19 pandemic has laid bare the vulnerabilities, interconnectedness and sheer complexity of our global economy. Successfully navigating the uncertainties of the post-COVID-19 world will require a deep understanding of the risks, the impact of monetary and fiscal policies, the international monetary system and theories that underpin it, as well as the role and the fragilities of the key players on the global stage. This transformative program leverages the full expertise of LSE faculty and distinguished visiting speakers to ground you in the events and debates that are reshaping our world economy; and to empower you with the knowledge and insights to make sense of the road that lies ahead.
This course provides an in-depth review of IPSAS 41, Financial Instruments published by the International Public Sector Accounting Standards Board (IPSASB) in 2018. IPSAS 41 replaces IPSAS 29, Financial Instruments: Recognition and Measurement for periods beginning on or after 1 January 2023.
Internal Control Over Financial Reporting (ICoFR) is a crucial process for organizations to maintain the accuracy and integrity of their financial statements. This training course will provide an in-depth understanding of the principles and best practices of ICoFR to ensure that financial statements are free from material misstatements.
The effective management of budgeting and cost control is crucial for project/process-based organizations. Nowadays, if contemporary organizations want to stay competitive, they are urged to think in terms of process-value added to customers/shareholders. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities, and operations. In addressing these issues, this course is relevant for those professionals & analysts facing the difficult challenge of improving performance while reducing the costs of those processes for which there are accountable. By combining techniques analysis, problems and examples with real case studies the course provides delegates with key cost awareness and budgetary skills, which is essential to managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.
Never before have financial issues been so often been the headline news. It is therefore crucial that today’s business professionals expand their financial knowledge to allow them to contribute to daily decisions and debates. This course is designed specifically for non-financial personnel; this intensive seminar educates and informs delegates of the key financial markets/products/risks and hazards.
This program provides an in-depth overview of the “Fast Close” process, which is the ability of a modern, global organization to rapidly close the accounting books, collect, consolidate and, then, publish its financial statements. This process is widely viewed not only as an indicator of management’s abilities to execute its strategic plan in light of the availability of fast, reliable financial information but also as a proxy for good, well-implemented corporate governance. This course will also review the mounting concerns and evidence that the “Fast Close” process, after a long period of sustained improvement, is now in a period of decline, due in large part to the impact of compliance, new accounting and reporting standards, and the sheer increase in the volume and complexity of financial information that needs to be consolidated and reviewed.