Efficient Finance and Accounting Operations
Efficient Finance and Accounting Operations
OBJECTIVES
- Understand the operations of the Finance and Accounting department.
- Learn internationally implemented best practices in the following areas:
- Accounts Payables
- Billing
- Budgeting
- Cash Management and Treasury
- Costing
- Filling
- Financial Statements / General Ledger
- Inventory
- Payroll
- Policies and Procedures
- Apply their knowledge through hands-on workshops and group presentation.
WHO SHOULD ATTEND?
Professionals in the field of finance and accounting, finance professionals who need to understand, apply and implement practical tools to enable them to run the finance department more efficiently.
COURSE OUTLINE
Importance of Best Practices BP
- Defining BP
- Implementation Techniques
Accounts Payable AP Best Practices
- The Role of Accounts Payable
- Accounts Payable Cycle
- Improving AP
- Best Practices
Billing and Collection Best Practices
- Accounts Receivable AR Function
- The Effect of AR on Income Statement and Balance Sheet
- How to Improve AR Function
Budgeting Best Practices
- Importance of Budgeting
- Good or Bad Budgets?
- Enhancing Budgeting Process
Cash Management Best Practices
- Cash is King
- Improving Cash Management
- Treasury Management
Financial Statement Best Practices
- Can We Really Improve Financial Statements?
- Implementing Efficient Tools
Important Best Practices
- Costing
- General Ledger
- Internal Auditing
- Payroll
- Policies and Procedures