Certified Professional Financial Manager Course

Why Select this Training Course?

Managers in today’s business environment must have a working knowledge of finance to deal with and manage the challenges in the financial industry. The Rcademy Certified Professional Financial Manager Course is designed to provide participants with the core principles of financial management, developing financial plans, and reading and evaluating financial and cash flow statements. In addition, the course covers the fundamentals of accounting and budgeting, financial reporting, balance sheets, auditing, financial risk control, and management. Participants in the course will be equipped with the knowledge and skills to build economic capacity and assess their company’s financial performance.

What are the roles of a financial manager?

Financial management is the science of managing an organization’s finances to ensure it meets its financial goals and aspirations. The burden of performing this duty rests with the company’s financial department, headed by a Financial Manager. A Financial Manager occupies a vital position in the administration of a firm and is tasked with designing and evaluating the company’s financial plans, monitoring the company’s financial status, and forecasting financial estimates.

What is the difference between financial managers and accountants?

Financial Managers and accountants share numerous similarities in duties resulting in most people conflating both jobs as being the same. While both personnel work in an organization’s finance department, their job responsibilities differ in many respects. An accountant is tasked with keeping a record of an organization’s daily financial transactions. They prepare financial statements and various kinds of financial reports the organization utilizes. On the other hand, Financial Managers help a firm attain its financial goals that have been established for a certain period. They supervise a company’s investments and analyze data to discover strategies to enhance its financial performance.

The Certified Professional Financial Manager Course by Rcademy will empower its participants with the foundational information required to cultivate the abilities necessary to become a successful financial manager.

Who Should Attend?

This course is an excellent fit for several people, particularly professionals in the finance industry, whose constant functions involve managing an organization’s finances and interacting with stakeholders, shareholders, and the company’s management. The following personnel should undertake the course:

• Financial analysts: tasked with monitoring a firm’s financial activities against their financial plan
• Accountants: responsible for tracking and correcting an organization’s finances and conducting financial audits
• Financial Personnels: tasked with performing financial analyses and managing the finances of an organization
• Auditors: responsible for reviewing and verifying the financial records and expenses of a company
• Treasury Managers: in charge of managing a company’s cash flow and revenue sources
• Financial Planners: responsible for meeting the short-term and long-term financial needs of clients
• Personal financial advisors: charged with analyzing the financial needs of people and assisting them in reaching financial and investment decisions
• Managers: responsible for the company’s administration and decision-making a company
• Tax specialists: tasked with collating and explaining tax options for clients, creating quarterly and annual tax compliance schedules for a company
• Bankers: for processing payments, deposits, and withdrawals and authorizing loans and overdrafts
• Business analysts: charged with conducting market analyses, evaluating business profitability and product lines
• Any other person interested in understanding the rudiments of financial management and contingent practices

What are the Course Objectives?

The Certified Professional Financial Manager Course by Rcademy aims to help participants achieve the following objectives:

• Understand the rudiments of financial management, principles, and practice
• Learn how companies evaluate financial performances and how to execute leasing calculations
• Design financial statements, cash flow statements, balance sheets, financial reporting, and how to conduct financial analysis
• Learn how to recognize investment opportunities and how to optimize a firm’s working capital
• Understand the fundamentals of accounting which is essential to financial management, revenue recognition, fair value accounting, and cost flow methods
• Identify the time value of money and how to calculate cost equity, cost debt, and the weighted average cost of capital (WACC)
• Recognize the principles and techniques involved in financial forecasting and payables management
• Learn how to secure financing and understand debt covenants
• Understand how to raise equity and capital budgeting techniques
• Identify the fundamentals of budgeting and how it impacts financial planning

How will this Course be Presented?

This course is participant-oriented and is specially designed to meet participants’ expectations and enhance their knowledge and skills. Various proven practical approaches and techniques that will ensure constant and active learning by the participants will be used to deliver the course. Professionals will teach the course with various experiences and practices. The course modules are curated from in-depth and extensive research on the subject matter.

The Rcademy Certified Professional Financial Manager Course incorporates practical and theoretical learning by providing participants with slides on the concept, case studies, lecture notes, and real-life scenarios. Attendees will also be able to partake in quizzes, presentations, seminar workshops, and constant feedback on the lessons learned to confirm their optimal satisfaction.

What are the Topics Covered in this Course?

Module 1: Introduction to Financial Management

• Types of financial management
• Finance function
• Objectives of financial management
• The roles of financial management
• Establishing financial goals
• Financial ratios
• Principles of financial management
• Relationships with other fields of finance
• Difference between financial management and accountancy
• Analyzing financial data

Module 2: Fundamentals of Financial Accounting

• The accounting cycles
• Financial analysis toolkit
• Understanding debits and credits
• Types of financial accounts
• Debt covenants
• Reviewing financial terms
• Identifying high and low-risk companies
• Objectives of financial accounting
• Financial accounting vs cost accounting
• Components of financial statements

Module 3: Measuring and Reporting Inventory

• Merchandise inventory
• The four inventory costing methods
• Determining inventory costs
• Departures from cost basis for inventory measurement

Module 4: Adjustments for Financial Reporting

• Adjustments for accrued assets
• Types of adjusting entries
• Adjustments for deferred items: depreciation
• Cash versus accrual basis accounting
• Adjustments for deferred items: expenses

Module 5: The Concept of Working Capital (WC)

• Definitions of terms
• Types of working capital
• Networking capital vs gross working capital
• Invoice financing
• The purpose of working capital
• Raising working capital
• Working capital ratio
• The cycle of working capital
• Measuring working capital
• Addressing negative working capital
• Management of working capital

Module 6: Introduction to Budgeting and Financial Management

• Definition of terms
• The basics of budgeting
• Type and scope of budgeting
• Types of budgets
• Designing a budget
• The budgeting processes
• Parts of a budget
• Role of Budgeting in the financial management process
• Monitoring and managing budgets
• Administering the budget

Module 7: Recording Business Transactions in Accounting

• Recording transactions
• The use of ledger accounts
• Designing financial statements
• Rules of debit and credit
• Evaluating and utilizing financial results
• Data Analytics
• Contracts

Module 8: Control and Management of Cash Assessment

• Control of cash
• The bank checking accounts
• Internal controls
• Bank reconciliations
• Petty cash fund
• Controlling cash

Module 9: Fundamentals of Financial Forecasting

• Definition of terms
• Types of financial forecasting
  – Quantitative forecast
  – Qualitative forecast
• Principles of financial forecasting
• Importance of financial forecasting
• Time series analysis
• Components of financial forecasting
  – Income statement
  – Cash flow statement
  – Pro-forma balance sheet
• Making financial prognosis
• Financial forecasting vs financial management
• Measuring past trends

Module 10: Receivables and Payables

• Account receivables
• Current liabilities
• Note payables and note receivables
• Uncollectable accounts
• Short-term financing using notes payables
• Write-offs and recoveries

Module 11: Completing an Accounting Cycle

• The worksheets
• Accounting systems
• Preparation of financial statement from the worksheet
• A classified balance sheet
• Analysis-current ratio
• The closing processes