GAC Financial Essentials (GFE)

Logo_GFE GAC Financial Essentials (GFE) is designed to provide a clear understanding of the essential financial principles and practices which exist within the GAC world, representing the ‘must-do’s’ for each operating company regardless of size, structure or financial contribution.

As GACTIME indicates, business acumen within GAC can be measured by seven Critical Success Factors, with two being of a financial nature. We therefore should all operate with the same priorities towards financial responsibility. This course will not only inform within the bounds of non-negotiable international financial practice, but also communicate and reinforce those practices within the GAC context.

By the end of the course, you will have greater awareness of why GAC works the way it does, what is required of each company at specific times and how the group’s success depends on your financial actions.

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Who this course is for:

This course is designed for all personnel who wish to increase understanding of GAC financial practices and principles, and may have partial or full budget responsibility, or possibly those who will be assuming this role in the future. The course is open to all GAC employees and network agent partners.

How this course will be taught:

GAC Finance Essentials (GFE) runs for eight weeks and is delivered via our state-of-the-art interactive online Learning Management System.

What this course covers:

The GAC Finance Environment
‘Paint the picture’ of the GAC financial landscape, along with its elements and principles which you will be applying on a regular basis.
Cashflow
Cement the importance of a priority to cash flow, both on a company and group level. The course will reinforce good cash flow management, and integrate cash flow practices with Dolphin and GACTime.
Money In
Reinforce the importance of good invoicing practices, whilst increasing awareness of credit controls, credit terms and payment followup practices. The interrelationship of cashflow and ‘Money In’ will be explored, along with the GAC tools relevant to invoicing.
Money Out
Reinforce the importance of good supplier invoicing practices, whilst increasing awareness of credit controls, credit terms and payment followup practices. The interrelationship of cashflow and ‘Money Out’ will be explored, along with the GAC tools relevant to optimizing payment terms.
Financial Reporting Status
Explore the inter-connectedness of cashflow, financial reporting, budget and profit/loss. Understand the impact of your effective and ineffective financial practices upon both the company and group’s financial results.
GAC Dolphin
Connect the practices which are required of you to the functionality of GAC Dolphin.

This course is a strategic enabler of CSF 2 and CSF 4 from the GACTime QMS system.

Through this course I learned how important it is to monitor the accounts payable as well as controlling accounts receivable in order to maintain good cash management. So now I am more able to closely monitor the accounts payable to suppliers. – Nidya Astuti, (Treasury Deputy of Finance Dept, GAC Indonesia)

This course has really offered much needed help to us and changed perceptions of the GAC financial environment… so that now if finance requests us to do certain things we know why and understand the responsibility behind it. – Sujata Mantri, (Move Coordinator, International Moving, Qatar)

GFE is what exactly I and my team of 14 members do every day. It was really interesting and has refreshed me to a good extent. I suggest every non finance staff should participate in GFE to understand the process of finance and their role. -Jayaram Sethuraman (Finance Manager, GAC Oman)

This great course has helped on a lot of levels in understanding what our finance team is trying to do on a daily basis in order to benefit the company. Based on what I have learned in this course I can assess customers on their average payment days in order to see if they are actually worthy to get credit from us or is it better for us to invest our time in getting some other business executive into the company where we can make good profit/ returns. Suraj Pinto (Key Account Executive, Qatar)

Who to contact:

The course is open to all GAC employees. For further information, please This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it , Business Development Manager, GAC Corporate Academy.

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