Financial Controls in ERP Systems (AF-068) Training Course

Financial Controls in ERP Systems

Most financial transactions now flow through enterprise resource planning systems. When configured well, these systems enforce approvals, prevent errors and provide…

5 daysClassroom or online

49Upcoming dates

12Cities

£2,750Fees from

Course overview

Introduction

Most financial transactions now flow through enterprise resource planning systems. When configured well, these systems enforce approvals, prevent errors and provide strong audit trails. When configured poorly, they can allow inappropriate access, bypass controls and create significant financial reporting and fraud risks.

This Financial Controls in ERP Systems training course helps finance and audit professionals understand, design and test the controls embedded in ERP environments. Participants learn how automated controls, configuration settings, user access, segregation of duties and interfaces work across key processes such as procure-to-pay, order-to-cash and record-to-report.

The course is vendor-neutral and focuses on principles that apply across major platforms, helping participants work effectively with IT teams, implementation partners and auditors to build a reliable control environment.

Course Objectives

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

Explain the control environment of ERP systems and its impact on financial reporting
Distinguish manual, automated, IT-dependent and IT general controls
Design effective controls in procure-to-pay, order-to-cash and record-to-report processes
Manage user access and segregation of duties risks
Review configuration, master data and interface controls
Use system reports and data analytics to monitor control effectiveness
Build controls into ERP implementations and upgrades
Prepare for internal and external audit reviews of ERP controls

Target Audience

This training course is suitable for a wide range of professionals, including:

Financial controllers and finance managers
Internal control and compliance professionals
Internal and external auditors
ERP process owners and key users
Finance systems analysts and implementation team members
Risk managers
Shared service centre leaders

Training Methodology

The course combines process walk-throughs, control design workshops, segregation of duties analysis exercises and case studies of control failures in ERP environments. Participants practise reviewing access reports and configuration evidence and develop a control improvement plan for a selected process.

Target Competencies

ERP control design
Segregation of duties analysis
Access management
Control testing and monitoring
Process risk assessment
Audit readiness

Course outline

1Day One: ERP Systems and the Control Environment

How ERP Systems Integrate Finance and Operations
Control Frameworks: Objectives, risks and control activities
Types of Controls: Manual, automated, IT-dependent and IT general controls
Benefits and New Risks Created by ERP Systems
Roles: Process owners, IT, key users, auditors and implementation partners
Control Documentation: Narratives, flowcharts and risk-control matrices
Case Study: Analysing a control failure in an ERP environment

2Day Two: Procure-to-Pay Controls

Vendor Master Data: Creation, changes and duplicate prevention
Purchase Requisitions and Orders: Approval workflows and limits
Goods Receipt and Three-Way Matching: Tolerances and exceptions
Invoice Processing: Duplicate payment prevention and coding controls
Payment Runs: Authorisation, bank file security and review
Fraud Risks in Purchasing and Payments: Red flags and controls
Practical Exercise: Designing controls for a procure-to-pay process

3Day Three: Order-to-Cash and Record-to-Report Controls

Customer Master Data and Credit Limits: System controls
Pricing, Discounts and Credit Notes: Configuration and approvals
Revenue Cut-Off and Recognition Controls
Journal Entries: Approval, posting rights and review of manual entries
Period-End Close: Account reconciliations and period locking
Financial Reporting Controls: Mapping, consolidation and report integrity
Workshop: Identifying control gaps in order-to-cash and close processes

4Day Four: Access, Segregation of Duties and Configuration

User Access Management: Provisioning, changes and removal
Role Design: Building roles based on least privilege
Segregation of Duties: Conflict rules, analysis and mitigation
Privileged and Emergency Access: Monitoring and approval
Configuration and Change Management: Protecting critical settings
Interfaces and Data Migration: Completeness and accuracy controls
Practical Exercise: Analysing a segregation of duties conflict report

5Day Five: Monitoring, Implementation and Audit

Continuous Control Monitoring: Exception reports and dashboards
Data Analytics for Control Testing: Full-population testing approaches
Building Controls into ERP Projects: Design, testing and go-live
Upgrades and Cloud ERP: Control considerations
Audit Readiness: Evidence, testing and remediation
Control Ownership and Culture: Making controls part of daily work
Action Plan: Strengthening ERP controls in participants' organisations

Frequently asked questions

How long is the Financial Controls in ERP Systems course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Financial Controls in ERP Systems course?

The next public date is 7 - 11 Dec 2026 in London. There are 49 upcoming dates in total.

Where is this course held?

Upcoming sessions run in London, Barcelona, Frankfurt, Amsterdam, Cape Town, Dubai, Geneva, Istanbul, Madrid, Munich, Rome, Vienna.

Can I take Financial Controls in ERP Systems online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,750 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Financial Controls in ERP Systems

Course overview

Introduction

Course Objectives

Target Audience

Training Methodology

Target Competencies

Course outline

Dates and fees

Frequently asked questions

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