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Course Code
FANT-022
Accounting and Finance Policies and Procedures
- Accounting and finance policies and procedures are the most efficient way to implement company-wide effective internal control tools in any organization. All participants will be encouraged to create and implement operational policies and procedures using risk-based methods. They will learn to assign tasks to different individuals based on effective job separation and to use software to properly apply controls.
Learning Outcomes
- Create comprehensive policies and procedures to streamline accounting for assets
- Develop policies and procedures for liabilities
- Design and produce the Accounting Manual
- Apply accounting concepts properly
- Allocate costs to assets or expenses
- Record liabilities and equity accounts
- Assist in preparing financial reports
- Plan the required resources for the department
- Apply accounting concepts and International Financial Reporting Standards
By the end of this training course, participants will be able to:
Course Contents
- Key Accounting assumptions
- Accrual vs. cash basis
- Going Concern
- Assets, liabilities & Equity
- Revenues and expense concepts
- Accounting chart
- The need for proper planning in the reporting process
- Human Resource Planning
- Cost Centers and Accounts
- Process Mapping Chart and measurement accuracy
- Manual purpose and structure
- Financial authorities and duties
- Clients’ approval process
- Invoicing: Collections & Allowance for uncollected receivables
- Production and inventory processing
- Assets capitalization costs
- Depreciation, depletion and amortization (DDA)
- Impairment procedure
- Accounting adjustments
- Credit and debit notes
- Budgeting
- Financial statements
- Financial analysis
- Approval of supplies
- Receiving invoices and accounting for inventory
- Accrual policies
- Processing of payment orders
- Dividends payable
- Notes receivable and payable
- Reporting for Payroll
- Budgeting policies
- Financial statement reporting process
Understanding the Accounting Principles and their Implications
Setting up Accounting and Finance Department: Policies & Manual
Assets Policies
Reporting
Liabilities Policies
Accounting Policies and Reporting
Our Methodology
- Make coaching and monitoring innovative and using modern
- Media training also using on the go training by using interactive means and focusing on
- The exercises, practical applications and real situations study
- Live delivery method, instructor-led training
- Experienced consultant, trainers, and professional
- Qualified trainer with high-level experience
Attendance Reports
- Send daily attendance reports to training departments
- Send full attendance report to training dep. by the end of the course
- Attend 100 % from the course days also provide daily
- Issue attendance certificate for participant who attend minimum 80% from the course duration
Pre/Post Reports
- Pre- assessment before starting training
- Post assessment after finish training
- Full report for the deferent between Pre-& Post assessment
Who Should Attend
- Professionals in Accounting and Finance
- Heads of finance departments
- Financial Accountants
- Receivables and Payables Team Members
- Planning and Budgeting Managers
- Corporate Reporting and Investor Relations Staff
- Procurement Team Members
