Financial Performance Management And Reporting: Driving Strategic Growth

Introduction:

Effective Financial Performance Management and Reporting is essential for organizations to monitor progress, make informed decisions, and drive strategic growth. This comprehensive training course equips participants with the specialized knowledge and skills to develop robust performance metrics and reporting systems. Participants will learn how to align financial metrics with strategic objectives, analyze performance data, and create impactful reports. This course bridges the gap between raw financial data and actionable insights, empowering professionals to become strategic partners in organizational success.

Target Audience:

This course is designed for financial professionals involved in performance management, reporting, and analysis, including:

• Financial Analysts
• Controllers
• FP&A Managers
• Accountants
• Business Analysts
• Anyone involved in financial reporting and performance measurement

Course Objectives:

Upon completion of this Financial Performance Management and Reporting training course, participants will be able to:

• Understand the principles of financial performance management and reporting.
• Develop relevant and effective performance metrics and KPIs.
• Align financial metrics with strategic objectives and business goals.
• Design and implement robust reporting systems and dashboards.
• Analyze financial performance data and identify key drivers.
• Create impactful financial reports for various stakeholders.
• Use data visualization techniques to communicate financial insights.
• Conduct variance analysis and performance reviews.
• Improve financial planning and forecasting accuracy.
• Enhance their ability to make data-driven decisions.
• Contribute to improved financial performance and organizational growth.
• Stay up-to-date with the latest trends and technologies in financial reporting.
• Become a more valuable and sought-after financial performance management professional.
• Understand ethical considerations in financial performance reporting.
• Learn how to use financial reporting software and tools.

DURATION

5 Days

COURSE CONTENT

Module 1: Foundations of Financial Performance Management

• Introduction to financial performance management and its importance.
• The relationship between financial performance and strategic goals.
• Understanding key concepts: KPIs, metrics, and performance drivers.
• The performance management cycle: planning, monitoring, analysis, and reporting.
• Building a performance-driven culture.

Module 2: Developing Effective Performance Metrics and KPIs

• Identifying relevant financial and non-financial KPIs.
• Aligning KPIs with strategic objectives and business goals.
• Developing leading and lagging indicators.
• Setting targets and benchmarks for performance metrics.
• Designing balanced scorecards and performance dashboards.

Module 3: Financial Reporting Systems and Dashboards

• Designing and implementing robust reporting systems.
• Selecting appropriate reporting tools and technologies.
• Creating interactive dashboards and visualizations.
• Developing standardized reporting templates.
• Ensuring data accuracy and integrity.

Module 4: Financial Performance Analysis and Interpretation

• Analyzing financial statements and ratios.
• Conducting variance analysis and performance reviews.
• Identifying key drivers of financial performance.
• Analyzing profitability, liquidity, and solvency.
• Using trend analysis and forecasting techniques.

Module 5: Data Visualization and Communication

• Principles of effective data visualization.
• Creating compelling charts and graphs.
• Using storytelling techniques to communicate financial insights.
• Developing presentations and reports for different stakeholders.
• Communicating complex financial information clearly and concisely.

Module 6: Budgeting, Forecasting, and Variance Analysis

• Integrating budgets and forecasts with performance management.
• Developing rolling forecasts and scenario analysis.
• Conducting detailed variance analysis and root cause analysis.
• Using budget deviations for performance improvement.
• Improving forecasting accuracy and reliability.

Module 7: Cost Management and Profitability Analysis

• Analyzing cost structures and identifying cost drivers.
• Implementing cost control measures and efficiency improvements.
• Conducting profitability analysis by product, customer, or segment.
• Using activity-based costing (ABC) and cost allocation techniques.
• Developing pricing strategies and profitability improvement plans.

Module 8: Capital Management and Investment Analysis

• Evaluating capital investment projects using NPV, IRR, and payback methods.
• Analyzing return on investment (ROI) and return on capital employed (ROCE).
• Developing capital budgeting frameworks and approval processes.
• Managing working capital and cash flow.
• Optimizing capital structure and financing decisions.

Module 9: Strategic Performance Reporting and Decision-Making

• Developing strategic performance reports for senior management.
• Using performance data for strategic decision-making.
• Integrating financial performance with operational and strategic metrics.
• Developing performance improvement plans and initiatives.
• Continuous improvement in financial performance management and reporting.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 5 working days before commencement of the training.