Building a Well Structured Company
Overview:
Introduction:
This training program provides participants with comprehensive knowledge and practical skills essential for establishing a well-structured company, focusing on HR, ERP implementation, and financial modeling. It empowers them to implement effective organizational frameworks and financial systems to ensure operational efficiency and business success.
Program Objectives:
By the end of this program, participants will be able to:
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Develop a delegation of authority and organizational structure.
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Implement company and departmental policies and procedures.
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Design and utilize company and departmental manual forms and workflows.
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Build and manage a chart of accounts and record journal entries on an accrual basis.
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Create comprehensive financial models for business valuation and decision-making.
Targeted Audience:
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HR Managers.
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Financial Managers.
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ERP Implementers.
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Business Analysts.
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Startup Founders.
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Operations Managers.
Program Outline:
Unit 1:
Foundations of Organizational Structure:
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Understanding the principles of organizational structure.
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Identifying key roles and responsibilities.
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Designing an effective organizational chart.
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Building the delegation of authority.
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Aligning structure with business objectives.
Unit 2:
Developing Company Policies and Procedures:
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Importance of company policies and procedures.
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Steps to create comprehensive company policies.
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Drafting clear and concise policy documents.
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Legal considerations in policy formulation.
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Communicating policies to employees.
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Monitoring and updating policies.
Unit 3:
Departmental Policies and Procedures:
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Differences between company and departmental policies.
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Developing tailored departmental policies.
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Ensuring consistency across departments.
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Practice on departmental procedures.
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Evaluating the effectiveness of departmental policies.
Unit 4:
Designing Manual Forms for HR:
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Importance of manual forms in HR.
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Standardizing company manual forms.
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Creating departmental manual forms.
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Ensuring compliance with legal requirements
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Digital vs. paper-based forms.
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Best practices for form management.
Unit 5:
Streamlining Departmental Workflows:
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Mapping out departmental workflows.
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Identifying bottlenecks and inefficiencies.
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Implementing workflow improvements.
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Leveraging technology for workflow automation.
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Monitoring and optimizing workflows.
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Real-life examples of workflow optimization.
Unit 6:
ERP Implementation for Financial Management:
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Overview of ERP systems.
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Building a chart of accounts.
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Setting up ERP modules for financial management.
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Data migration and integration.
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Practicing on ERP usage.
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Case studies on successful ERP implementations.
Unit 7:
Recording Journal Entries (Accrual Basis):
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Understanding accrual accounting principles.
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Recording journal entries in ERP.
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Managing accounts receivable and payable.
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Reconciling accounts and financial statements.
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Ensuring accuracy and compliance.
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Practical exercises on journal entries.
Unit 8:
Fundamentals of Financial Modeling:
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Introduction to financial modeling.
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Developing a comprehensive statement model.
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Key components of financial models.
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Best practices in model design and implementation.
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Tools and software for financial modeling.
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Practical exercises on building financial models.
Unit 9:
Advanced Financial Analysis Techniques:
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Conducting business valuation.
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Building benchmarks for performance measurement.
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Performing analysis buildup.
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Cost-benefit analysis methodologies.
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Sensitivity analysis for risk assessment.
Unit 10:
Multi-Criteria Decision Analysis:
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Introduction to multi-criteria decision analysis (MCDA).
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Steps in the MCDA process.
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Applying MCDA to business decisions.
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Integrating financial and non-financial criteria.
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Evaluating alternatives and making decisions.
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Practical examples and exercises on MCDA.