Treasury department specialist - free course from the Russian School of Management, training, date: December 6, 2023.
Miscellaneous / / December 09, 2023
The “Treasury Department Specialist” program will help you understand the key stages of implementing a treasury system in a company, teach you cost management, planning and optimization of enterprise cash flows, will give practical skills in using management accounting.
You will master the tools for assessing and analyzing working capital, and understand the need for working capital to finance operating activities. Get practical tools to automate your budgeting system.
Expert in the field of corporate finance, auditing and investment analysis.
Financial management expert, business trainer, coach with top management experience. Author of a unique financial management system.
Treasury system: organization, automation and functions
• Organization and functions of the treasury system in the company.
• Treasury is a tool for effective management of company funds.
• Who is the treasurer? The relationship between the treasurer and the cash manager and financial director. Sample job description form.
• Key functions of the treasury.
• Is the treasury department a profit center or a cost center?
• Problems of implementing cash management systems and advantages of controlling their movement.
• Organization of treasury in holding companies.
• Internal treasury: methods of redistributing resources between holding units.
• External treasury: methods of organizing work in financial institutions.
• Who makes sense to implement treasury?
• Where to start implementing treasury?
• Stages of work on setting up intra-company budgeting.
• The place of cash budget in the system of intra-company budgeting.
• Methodology for preparing a cash flow statement.
• Monetary base of the cash flow statement. Does the treasurer need a cash flow statement?
• Key points of the balance sheet and income statement for ODDS.
• Techniques for preparing cash flow statements using direct and indirect methods in accordance with international standards (IFRS-IFRS).
Effective budgeting system
• Assessing the effectiveness of the budgeting system. What to do when budgeting is ineffective.
• Approaches to the formation of a financial structure using examples of companies in various industries.
• The essence and stages of building a company's budgeting system.
• Effective practical budgeting techniques.
• Special budgeting tools. Budgeting bodies.
• Software selection.
• Regulation and automation of the budgeting system.
• Main alternatives to budgeting: balanced scorecard, early indicator system, risk management.
• Material incentives as part of the company's motivational policy. Financial incentive schemes.
Liquidity management. Working capital
• Working capital management.
• Lack of working capital and overstocking. Control over inventory turnover.
• Cash flow management.
• Bank lending and financial risk management.
Management accounting: practice of application
• Concept, types and place in the economic system of the company.
• Objectives of management accounting.
• Basic components of a management accounting system.
• Interface of management accounting systems with the accounting system. Management accounting technology.
• Documentation in management accounting.
• Creation of an adequate reporting system.
• Creation of internal regulations governing management accounting.
• Control over management accounting.
• Ways to improve the efficiency of the management accounting system.
• Why is management accounting a CFO's problem? Automation.