Efficient Finance and Accounting Operations - Best Practices and Updates

Efficient Finance and Accounting Operations - Best Practices and Updates


Choose from the following table the course date which you would like to attend the course on :

Sart
End
Fees
Venue
Length
18-Mar-2018
22-Mar-2018
4700$
Kuala Lumpur (Malaysia)
One Week
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4-Mar-2018
8-Mar-2018
5700$
London (UK)
One Week
Click Here
15-Apr-2018
19-Apr-2018
7500$
Istanbul (Turkey)
One Week
Click Here
15-Apr-2018
19-Apr-2018
4700$
Dubai (UAE)
One Week
Click Here
15-Apr-2018
19-Apr-2018
6950$
Paris (France)
One Week
Click Here
22-Apr-2018
26-Apr-2018
4700$
Dubai (UAE)
One Week
Click Here
29-Apr-2018
3-May-2018
7500$
Istanbul (Turkey)
One Week
Click Here
6-May-2018
10-May-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
27-May-2018
31-May-2018
5700$
London (UK)
One Week
Click Here
6-May-2018
10-May-2018
4700$
Dubai (UAE)
One Week
Click Here
6-May-2018
10-May-2018
7500$
Istanbul (Turkey)
One Week
Click Here
3-Jun-2018
7-Jun-2018
7500$
Istanbul (Turkey)
One Week
Click Here
10-Jun-2018
14-Jun-2018
4700$
Dubai (UAE)
One Week
Click Here
3-Jun-2018
7-Jun-2018
6950$
Paris (France)
One Week
Click Here
22-Jul-2018
26-Jul-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
15-Jul-2018
19-Jul-2018
5700$
London (UK)
One Week
Click Here
26-Aug-2018
30-Aug-2018
7500$
Istanbul (Turkey)
One Week
Click Here
5-Aug-2018
9-Aug-2018
4700$
Dubai (UAE)
One Week
Click Here
26-Aug-2018
30-Aug-2018
6950$
Paris (France)
One Week
Click Here
9-Sep-2018
13-Sep-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
9-Sep-2018
13-Sep-2018
5700$
London (UK)
One Week
Click Here
14-Oct-2018
18-Oct-2018
7500$
Istanbul (Turkey)
One Week
Click Here
28-Oct-2018
1-Nov-2018
4700$
Dubai (UAE)
One Week
Click Here
14-Oct-2018
18-Oct-2018
6950$
Paris (France)
One Week
Click Here
25-Nov-2018
29-Nov-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
4-Nov-2018
8-Nov-2018
5700$
London (UK)
One Week
Click Here
9-Dec-2018
13-Dec-2018
7500$
Istanbul (Turkey)
One Week
Click Here
16-Dec-2018
20-Dec-2018
4700$
Dubai (UAE)
One Week
Click Here
9-Dec-2018
13-Dec-2018
6950$
Paris (France)
One Week
Click Here
20-Jan-2019
24-Jan-2019
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
13-Jan-2019
17-Jan-2019
5700$
London (UK)
One Week
Click Here
3-Feb-2019
7-Feb-2019
7500$
Istanbul (Turkey)
One Week
Click Here
24-Feb-2019
28-Feb-2019
4700$
Dubai (UAE)
One Week
Click Here
3-Feb-2019
7-Feb-2019
6950$
Paris (France)
One Week
Click Here

Objectives:

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

  • Demonstrate how they can enhance the operations of the finance and accounting departments.
  • Apply internationally implemented best practices in the following areas: accounts payable, billing, budgeting, cash management and treasury, costing, filing, financial statements, general ledger, inventory and policies and procedures.
  • Leverage their accounting cycle skills.
  • Use new tools to make their job efficient and smart.
  • Apply their knowledge through hands-on workshops and group presentations.

The Content:

The Importance of Best Practices (BP)

  • Effective versus Efficient Tools
  • Functions of Management
  • Finance and Accounting Vision and Mission
  • Customer Service Survey
  • Purposes and Processes of Finance and Accounting (F&A)
  • Accounting Cycle and Financial Statements Cycle

Accounts Payable (AP) Best Practices

  • The Life Cycle of Accounts Payable
  • Improving AP through Decentralization and Centralization
  • Enhancing AP Processing Using Vendor Analysis and Reconciliation
  • Electronic Expense Reporting
  • On-Line Purchasing Catalogue
  • Document Management System

Billing, Collection, Inventory Cash Management, and Budgeting Best Practices

  • Accounts Receivable Life Cycle and Tools
  • Inventory Life Cycle and Tools
  • Improving Cash Management, Lockbox Collections, and Zero-Balance Accounts
  • Modern Budgeting Techniques Mindset

Fixed Assets Best Practices

  • Fixed Assets Life Cycle and Tools
  • Bar Coding Systems
  • Capitalizing versus Expensing of Fixed Assets 

Reporting Best Practices Using Excel

  • Improving Timeliness and Accuracy of Business and Accounting Data
  • Enhancing Report Development and Analysis
  • Consolidating your Data
  • Validating Data for Accuracy
  • Using Pivot Tables
  • Preparing Periodic Reports in No Time
  • Performing Efficient and Accurate Reconciliation
  • Bank Statement Reconciliation
  • Payroll Reporting and Analysis
  • Accounts-Payable Reporting and Analysis
  • General Ledger Reporting, Reconciliation and Analysis
  • Budgeting Reporting and Analysis
  • Invoice Analysis and Reporting
  • Creating Flash Management Reports
  • XBRL, and Dashboards
  • Enhancing Policies and Procedures Manuals

Essential Behavioral Concepts for Enhancing  Finance and Accounting Operations

  • The New Set of Skills for F&A
  • Clean Desk Policy
  • Hiring the Best, Cross-Training, Back-Up Strategies, and Teamwork
  • Staff Responsibility Charts
  • Successful Meetings
  • Review/Authorization Procedures
  • Peak Performance Time

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