With a festive graduation ceremony, AUDI AG just marked the completion of a second in-house training course for Audi financial managers. The twelve new financial managers will now be sent out to the dealerships. The participants in the novel training program, initiated by AUDI AG together with its dealers, were presented with their certificates at the Audi Forum Ingolstadt following a one-year training course and a final examination.

“With this training program, we intend to thoroughly train the financial managers of the Audi dealerships in the financial management of their company”, said  Bernd Appel, Head of Dealer Financing at AUDI AG. This activity he described as essential for improving the dealers’ profitability. Also with regard to  increasing information requirements of Germany’s financial institutions, a comprehensively qualified financial manager with excellent communication skills are indispensable, he said. “Today, the chief financial officer holds a key role in the company, “Our training course arranges the expertise for profit-, balance sheet- and liquidity planning as well as for a secured business forecast.

Tailored to the specific needs of dealerships, the advanced training course to become an Audi financial manager was developed by Bernd Appel and Uwe Schröder of the Audi Management Institute in 2006. The program consists of a total of six modules which the participants must complete within twelve months: “Accounting and Accounting Policy,” “Information and Risk Management,” “Financial and Liquidity Management,” “Credit Rating Management,” “Planning, Controlling and Management” and “Taxes.”  Program participants graduate as Audi financial manager at the end of a one-year training program after successfully passing a written and oral final examination.

Proprietors, chief executive officers and financial managers interested in participating in the next course starting in late April should apply right away as the number of participants is limited to 15. Precondition: a completed commercial apprenticeship or several years of professional experience in a comparable position.

Courtesy: Audi, Germany

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Posted by Jigar Gondalia on 10 April, 2008 4:40:12 PM IST #