Introduction

In the modern business environment, the ability to efficiently collect, manage, analyze, and protect financial data is not just a technical requirement—it is a strategic imperative. Accurate and well-managed financial data empowers organizations to make informed decisions, ensure compliance with regulatory standards, mitigate risks, and drive sustainable growth.

The "Financial Data Management" training program, designed by Global Horizon Training Center, equips professionals with a structured understanding of how financial data is generated, validated, stored, processed, analyzed, and utilized within organizations. The program bridges the gap between financial operations and data management, offering participants the tools to ensure data quality, implement sound data governance, and support financial analytics and reporting.

Course Objectives

By the end of this training program, participants will be able to:

• Understand the fundamentals and lifecycle of financial data.

• Implement practices to ensure the accuracy, completeness, and consistency of financial records.

• Design and manage systems for financial data integration and storage.

• Apply data governance principles to financial information.

• Support financial planning, budgeting, and reporting with reliable data.

• Ensure compliance with data security, audit, and regulatory requirements.

Course Methodology

The course uses an interactive, hands-on approach that includes:

• Expert-led lectures with real-life business scenarios.

• Guided workshops and financial data simulation exercises.

• Case studies on data governance and compliance issues.

• Software demonstrations (e.g., ERP systems, spreadsheets, financial dashboards).

• Group discussions and team-based data management projects.

Organizational Impact

Organizations that invest in financial data management capabilities benefit by:

• Enhancing the integrity and reliability of financial reports.

• Strengthening compliance with financial regulations and internal controls.

• Reducing audit findings and data-related errors.

• Improving decision-making through accurate forecasting and budgeting.

• Facilitating data-driven finance transformation and automation.

• Supporting strategic initiatives with timely, trusted financial data.

Target Audience

This course is designed for:

• Finance and accounting professionals

• Financial controllers and analysts

• Data management and information governance specialists

• Internal auditors and compliance officers

• ERP and financial systems administrators

• Professionals involved in digital finance or transformation projects

Outlines

Day 1: Foundations of Financial Data Management

• Importance of financial data in decision-making

• Types of financial data: transactional, master, historical

• Data lifecycle: creation, validation, storage, usage, and archiving

• Key stakeholders in financial data management

• Financial systems and databases (ERP, accounting software, etc.)

Day 2: Data Quality and Integrity in Finance

• Principles of data accuracy, completeness, and consistency

• Financial data validation techniques and tools

• Common sources of error and how to prevent them

• Financial reconciliation and data cleaning processes

• Building controls for real-time financial data entry

Day 3: Financial Data Governance and Compliance

• Data governance frameworks in finance

• Roles and responsibilities: data stewards, owners, and users

• Regulatory compliance: SOX, IFRS, GDPR, and local financial regulations

• Audit trails, version control, and access permissions

• Ethics and accountability in financial data handling

Day 4: Data Integration, Storage, and Security

• Integrating financial data from multiple systems

• Financial data warehouses and centralized repositories

• Security practices for sensitive financial data

• Backup, disaster recovery, and archiving policies

• Cloud vs. on-premise financial data storage considerations

Day 5: Leveraging Financial Data for Reporting and Insights

• Using data for budgeting, forecasting, and planning

• Introduction to financial dashboards and business intelligence tools

• Automating financial reports and KPI tracking

• Data visualization for finance: best practices

• Capstone Exercise: Build a Financial Data Management Plan