About the Special Executive Masters Programme

The MSBM Special Executive Masters Programme is a short certificate training/seminar designed for anyone who would benefit from more in-depth business knowledge delivered in a short and intensive Programme. This programme is suitable for successful professionals or specialists in the private, public or non-profit making sectors that have new management responsibilities and need to expand their management knowledge quickly.

The (SEMP) Programme serves as a refresher course for those who had their Master's Degree a long time ago and need a quick reminder or as an academic update while it serves as a crash Programme for those very experienced professionals who never made time out for their masters yet they require the academic and practical relevance of this masters’ experience. It is a good Programme for individuals who are newly promoted to managerial post, the program enables them to acclimatize to the new position as well as help them intake the right decisions.

 
Objectives

After attending this course, participants would be able to:

• Identify the main responsibilities handled by financial controllers.
• Analyze company performance highlighting impact of current operations on future financial results.
• Evaluate and present company budgets and assist management in selecting proper plans.
• Assess internal controls within the finance department and the organization in general.
• Describe how IFRS is used around the world.
• Explain how the IASB works and how standards are developed.
• Examine the fundamental requirements of IFRS on a standard-by-standard basis.
• Apply professional judgment in applying IFRS for matters relating to nonrecurrent business transactions.
• Understand where and how their company competes and identify which competitive advantages generate shareholder value.
• Interpret how macroeconomic conditions and industry-specific situations can impact their company’s profitability and performance.
• Analyze the ability of the company to survive over the short run and long run, and exercise commercial decisions that can improve the company’s performance
• Apply cost concepts to make informed decisions that are strategically and financially fit for the company.

Who should attend?

• This training is designed for professional accountants or auditors seeking to enhance international accounting knowledge.
• Professional accountant or auditor seeking to enhance international accounting knowledge.
• Financial controllers, chief accountants, finance or accounting managers, supervisors, staff accountants, general ledger accountants, and any professional in accounting and finance who wish to upgrade their skills as well as prepare themselves to assume the responsibilities of a financial controller.
• Individuals who do not have any experience or formal qualifications in accounting.

MODULES:

Day 1: Understanding the Main Responsibilities Of Financial Controllers:

• Understand the Accounting and reporting responsibilities
• Analyze the Budget reporting.
• Key understanding of how to Manage finance and accounting staff?
• The evolving role of financial controller.
• Overview of the main International Financial Reporting Standards (IFRS).
• An inside look at the key financial statements.
• Understand the Statement of financial position.
• Analyze the Statement of comprehensive income, Statement of cash flows, and Statement of changes in owner equity.
• Understand Key Performance Indicators (KPIs).
• Understand Supporting bottom-line focus.

Day 2: Understanding the Budget Reporting And Analysis:

• Discuss the budget as an added-value activity.
• Evaluating the budget and highlighting objectives
• Discuss how to Present the budget to top management.
• Discuss how to Prepare meaningful actual versus budget reports.
• Analyze the Control function, Structure of internal controls.
• Setting and updating policies and procedures.
• Assessing internal control policies.
• Discuss Internal controls on financial reporting, System controls.
• Understand Backup and disaster recovery planning.

Day 3: Boosting Efficiency in Financial Department:

• Discuss Personal organization and time management skills and techniques.
• Understand the importance of Monitoring staff efficiency to support the accounting close.
• Discuss the Tools to increase staff productivity.
• Managing staff skills and attitudes by policies.
• Discuss the nature and operations of the International Accounting Standards Board (IASB).
• Discuss and understand The structure of the IFRS Foundation.
• Understand IASs and IFRSs that are currently in issue.
• Understand the conceptual framework for financial reporting.
• Discuss and learn the status and use of IFRSs around the world.
• Discuss a brief summary of the adoption of IFRS in different jurisdictions.
• Understand the growth of IASB and IFRS standards.

Day 4: Cases in Global Financial Management:

• This unit introduces and discusses a case study of global financial management.

Day 5: Understand The status and use of IFRSs around the world:

• Analyze the adoption of IFRS in different jurisdictions.
• Understand the Strategy: value creation and value generation.
• Understand the Shareholders’ value: definition and dynamics
• Understand the Corporate strategy: where and how?
• Discuss the Competitive advantages: winning over rivals.
• Understand how competitive advantages drive a company’s profitability.
• Analysis of publicly listed companies: a hands-on approach using Excel
• Understand What is the suitable level of liquidity?
• Discuss What can go wrong: managing gaps in cash collection
• Analyze Financing structure and risk.
• Discuss Financially-informed decisions: the winning recipe.
• Cost-structure analysis: Do you need a business-model redesign?
• Operating leverage: how sensitive is your business to change in sales?
• Identifying relevant costs for decision-making.
• Keeping projects with the highest contribution.
• Understand how to Manage scarce resources.