Accounting & Finance Policies & Procedures

Overview

Accounting and finance policies and procedures are the most efficient way to implement company-wide effective internal control tools in any organization. They are part of every business cycle: purchase and payment cycle, inventory and production, HR and payroll, fixed assets and capitalization of costs, and the sales and collection cycle. 

On top of that, accounting and finance policies and procedures are essential for the board of directors and senior management to communicate limitations and authorities given to different managers and employees throughout the organization. 

Moreover, their use is also extended to organize financial reporting and compliance with regulators outside the organization. In this course participants will be encouraged to think of risk-based processes to write and implement operational policies and procedures. 

They will learn to allocate tasks to different personnel based on proper segregation of duties and to use software to implement the controls efficiently. Also, the course covers sample financial statements prepared according to the International Financial Reporting System (IFRS).

Contents:

- Designing accounting and finance manual
- Accounting department setup
- Accounting concepts and their application
- Chart of accounts
-Long term assets
- Liabilities
- Production and inventory processing
- Accounting receivables policies
- Other accounting policies
- Reporting

Benefits Of Attending

- Designing policies and procedures
- Understanding business cycles
- Applying financial policies
- Preparing accounting procedures
- Segregating employee tasks

Who Should Attend ?

- Professionals in accounting and finance