Certificate in Financial Control

Course Code: FNBN 148

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Course Sector:

Finance, Accounting and Banking

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Course Dates and Locations

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No.

Date

Days

Location

Fees

Enrollment

08 - 11 Sep 2025

4 Days

Dubai, UAE

$4,250

10 - 13 Nov 2025

4 Days

Geneva, Switzerland

$5,950

Introduction

Training course introducion / brief

This comprehensive training program is designed to provide you with a deep understanding of the importance of financial internal controls and how they contribute to organizational success. Over the duration of this course, you will explore topics such as compliance with policies, laws, and regulations, safeguarding of assets, efficient resource utilization, risk assessment, and control enhancement. You will also learn about information reliability, communication, and monitoring within internal controls, as well as the implementation of cost control measures and zero-based budgeting techniques. By the end of this course, you will have the knowledge and skills to identify internal control issues, propose control enhancements, and effectively manage financial risks.

The course will begin with an introduction to internal controls, highlighting their definition, importance, and the parties responsible for their implementation. You will gain insights into the components and categories of internal controls, as well as the COSO Internal Control-Integrated Framework. As the course progresses, you will delve into specific topics such as financial controls, information and communication, asset management, implementation of controls for efficient resource utilization, risk management, and cost control techniques.

Understand the importance of financial internal controls and compliance with policies, plans, procedures, laws, regulations & contracts.
Learn the actions and control activities used to manage operational and financial risks.
Recognize the significance of information, communication, and monitoring in internal controls.
Know and management Information System Controls and ensure reliability and integrity of information.
Identify controls applicable for safeguarding of assets.
Utilize internal control to ensure economical and efficient use of resources.
Identify internal control issues, investigate, evaluate risks.
Learn how to work with the management team to develop better financial targets to measure performance
Understand the different tools and techniques available to you to control and remove cost from the organization.

- Executives who have strategic financial oversight of their unit or organization

- Finance-related roles

- Accounting-related roles

- Marketing Managers

- Financial managers

- Affiliate marketing leaders

- Career Enhancers

- Digital Innovators

- Business owner / Entrepreneur

- General / Senior Accountant

- Business Project Manager

- Bank Branch Manager

- Structured Finance Senior Relationship Manager

- Finance Transformation Manager

- Risk Manager

- Investment Analyst

INTRODUCTION TO INTERNAL CONTROLS

Definition of internal controls
Importance of internal controls
Parties responsible for internal controls
What Internal Controls Can and Cannot Do
The 5 components of internal control
Internal Control Categories
Internal Control Procedures
COSO Internal Control-Integrated Framework
Governance, Risk, Compliance, Controls and Audit
Compliance with policies, plans, procedures, laws, regulations & contracts

FINANCIAL CONTROLS

Controlling access to financial assets
Controls on financial reporting
Controls through budgets
Controls through management reporting
Implementing financial controls through policies and procedures
Ensuring programs are met through internal financial controls

INFORMATION AND COMMUNICATION

Internal Control to ensure reliability and integrity of information
Types of information and communication
Methods used to disseminate information
Assessing information and communication
Effective communication flow
Information System Controls: Safeguarding Data
Safeguarding data
Access to communication systems
Security reports
Controlling access to building
Controls on maintenance and repairs
Safety and security controls
Legal implications on some safety measures
Required reporting in administration

INTERNAL CONTROLS FOR ASSETS MANAGEMENT PROCESS

Types of fraud relating to assets
Key risk areas of assets management
Key control activities for relevant sub-processes:
Asset requisition and acquisition
Capitalization
Safeguarding and accountability
Transfer and disposal
Developing an assets management controls checklist

IMPLEMENTING CONTROLS FOR THE BUSINESS

Importance of Internal Controls in the Efficient Use of Resources
Reporting in Business Cycles
Approvals and Authorizations in Business Cycles
Controls in purchase and payment cycle
Controls in inventory and costing cycle
Controls in HR and payroll cycle
Controls in sales and collection cycle
Controls in fixed assets life cycle

MANAGING INTERNAL CONTROL RISKS AND ISSUES

Identifying Internal Control Risks and related Issues
Investigating and Assessing Internal Control Risks and related Issues
Monitoring Risks
Different monitoring mechanisms
Characteristics of effective monitoring
Performing Risk Assessments and Risk Reviews
Risk-Management Framework

ENHANCING COST CONTROL IN THE ORGANIZATION

10 most commonly implemented control activities
Classification of control activities
Characteristics of an effective internal control
Design effectiveness vs. operating effectiveness of controls
Assessing design and operating effectiveness
Data analytics and data visualization

BUDGETING AND COST CONTROL

Why traditional budgeting doesn’t work
How to build a Zero-Based Budget
ZBB and ABC working together
Understanding the true cost of products and services.
80% of profit comes from 20% of customers …and what to do about it.
Beyond budgeting… using rolling forecasts instead

Boost certificate of completion

BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.

ENDORSED EDUCATION PROVIDER

Flexible deadlines

Customized dates accordance to your schedule

Shareable Certificate

Earn certificate upon completion

COURSE METHODOLOGY

Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).

At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.

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TRAINING COURSE: Certificate in Financial Control