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Course Code
BANK-001
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. 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.
Learning Outcomes
- Design and produce a model accounting and finance manual
- Apply accounting concepts and International Financial Reporting Standards
- Set the chart of accounts in details to suit the business model
- Create comprehensive policies and procedures to streamline accounting for fixed assets
- Formulate reporting requirements as per International Financial Reporting Standards
- Develop policies and processes for current assets and current liabilities
Course Contents
- Manual purpose and organization
- Financial authorities and responsibilities
- Process mapping chart: basic Icons
- Accounting department setup
- Planning for proper reporting
- Underlying accounting assumptions
- Accrual basis versus cash basis
- Going concern assumption
- System and reliability of measurement
- Concepts of assets, liabilities, income and expense
- Setting-up a chart of accounts
- Accounts and cost centers
- System structure
- Exchange rate differences
- Prepaid and accrual concepts and treatments
- Assets capitalization costs
- Depreciation, amortization and depletion
- Impairment of assets
- Disposal of assets
- Approving suppliers for purchases
- Receiving invoices and inventory
- Dividends payable
- Payment orders processing
- Recording of production costs
- Inter-department transfers of material
- Issuing finished goods
- Approving clients
- Bank or other guarantees
- Recording invoices
- Collections
- Debit and credit notes
- Payroll recording and reporting
- Essential budgeting policies
- Financial statements process
- Financial analysis
Designing Accounting and Finance Manual
Accounting Concepts and Their Application
Chart of Accounts
Long Term Assets
Liabilities
Production and Inventory Processing
Accounts Receivables Policies
Other Accounting Policies
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
- Account Managers
- Finance Managers
- Decision Makers
