الوصف |
Objectives:
By the end of the course, participants will be able to:
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Identify the main elements of a vision for finance and accounting
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Evaluate and improve accounts payable process
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List the key best practices in receivables, inventory and cash management
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Assess the budgeting process in their organizations and recommend improvements
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Apply MS Excel reporting and analysis techniques for a faster accounting and finance operations
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Develop an enhanced understanding of the behavioural concepts related to the day-to-day finance and accounting operations
Outline:
The importance of best practices
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Effectiveness versus efficiency
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Functions of management
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Finance and accounting vision and mission
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Customer service survey
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Purposes and processes of finance and accounting
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The accounting cycle and financial statements
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The accounting processing cycle
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Overview of key financial statements
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Income Statement
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Balance sheet
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Cash flow
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Applying best practices in Accounts Payable (AP)
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Accounts payable life-cycle
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AP common ine?ciencies - areas for improvement
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Centralized versus decentralized AP
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AP/supplier portal
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Electronic expense reporting
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Online purchasing catalogue
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Document management system
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Applying best practices in Accounts Receivable (AR), inventory and Cash
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AR Life cycle
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Accounting for the allowance for doubtful accounts
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Four dimensions in managing AR
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Credit policy
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Billing
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Collection
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AR segmentation
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Inventory life-cycle
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Costing methods
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Valuation and presentation of inventory
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Best practices in inventory management
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Best practices in cash management
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Best practices in fixed assets and budgeting
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Fixed assets life-cycle
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Capitalizing versus expensing
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Tracking fixed assets
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Budgeting approaches
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Tips in creating efficiencies in budgeting process
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Reporting best practices using MS Excel
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Consolidating your data
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Validating data for accuracy
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Using pivot tables
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Preparing periodic reports in no time
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Performing efficient and accurate reconciliation
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Bank statement reconciliation
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Payroll reporting and analysis
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Accounts payable reporting and analysis
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General ledger reporting, reconciliation and analysis
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Budgeting reporting and analysis
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Invoice analysis and reporting
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Creating flash management reports
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Enhancing policies and procedures manuals
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Essential behavioural concepts for enhancing Finance and Accounting (F&A) operations
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The new set of skills for F&A
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Clean desk policy
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Peak performance time
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Successful meetings
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Communication skills
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