Overview:
This advanced 5-day training program is designed to elevate the capabilities of financial professionals working in the corporate/private sector. The program equips participants with cutting-edge tools in financial reporting, strategic planning, risk management, and financial analysis, aligned with Saudi Arabia’s regulatory framework and global best practices.
Participants will gain deep insights into SOCPA and IFRS standards, budgeting for performance, financial modeling, and internal controls. Real-life case studies and simulations will ensure practical application of the skills learned. The program is ideal for organizations seeking to strengthen financial governance, enhance decision-making, and ensure long-term financial sustainability and profitability.
Main Objectives:
- Apply Saudi (SOCPA) and international (IFRS) accounting standards in financial reporting.
- Strengthen financial analysis skills to support strategic decision-making.
- Design actionable budgets and forecasts that align with corporate goals.
- Evaluate financial performance using real indicators and cost data.
- Implement robust internal controls and risk management systems.
- Improve compliance, transparency, and communication of financial results to stakeholders.
Who Should Attend:
- Chief Financial Officers (CFOs), Finance Managers, and Controllers
- Senior and mid-level accountants
- Internal auditors and compliance officers
- Financial analysts and planners
- Entrepreneurs and SME owners
- Professionals seeking to enhance strategic financial leadership
Training Outline – 5 Days
Day 1: Accounting Foundations and Compliance in the Corporate Sector
- Key differences between financial and managerial accounting
- Overview of SOCPA and IFRS standards for financial reporting
- Journal entries and preparing key financial statements
- Accounting information systems and process automation
- The strategic role of accounting in business planning
Day 2: Financial Statement Preparation & Analysis
- Interpreting the balance sheet: assets, liabilities, and equity
- Analyzing the income statement for profitability metrics
- Reading and evaluating cash flow statements
- Vertical and horizontal analysis techniques
- Financial red flags and early warning indicators
Day 3: Budgeting and Strategic Financial Planning
- Types of budgets (operational, capital, cash)
- Aligning budgets with business goals and KPIs
- Forecasting methods and scenario planning
- Budget variance analysis and corrective actions
- Using budgets to improve operational and financial performance
Day 4: Financial Analysis for Decision-Making
- Key financial ratios (liquidity, profitability, efficiency)
- Break-even analysis and margin of safety
- Capital investment evaluation and project appraisal techniques
- DuPont model for return on equity analysis
- Making strategic business decisions based on financial data
Day 5: Internal Controls, Risk Management & Governance
- COSO framework for internal control systems
- Assessing internal controls across financial operations
- Identifying, analyzing, and mitigating financial risks
- Fraud detection and financial integrity measures
- Role of internal audit in enhancing corporate governance
Strategic Financial & Accounting Excellence: Driving Growth Through Data-Driven Decisions (Course No.MA06110)
التميز-المالي-والمحاسبي-الاستراتيجي-قيادة-الأداء-المالي-وتحقيق-النمو-المستدام