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).
This course uses explanations by a subject matter expert on how to write policies and procedures and what to include in them. Participants will be asked to write policies and procedures in different business cycles leading to financial reporting as per IFRS.
By the end of the course, participants will be able to:
- Design and produce a model accounting and finance manual
- Plan the required resources needed for the department
- 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
- Develop policies and processes for current assets and current liabilities
- Formulate reporting requirements as per International Financial Reporting Standards
Professionals in accounting and finance.
- Designing policies and procedures
- Understanding business cycles
- Applying financial policies
- Preparing accounting procedures
- Segregating employee tasks
- Implementing internal controls
- Developing accounting systems
- Complying with International Financial Reporting Standards (IFRS)
Location:AATICD Campus or Online or Inhouse
Training Dates:Course starts every Monday of every Week.
Course Fees:To be sent via Proforma Invoice to your e-mail
Note: Please fill in the online application form on the left or bottom if this page to receive a quotation from AATICD.
How to Apply:To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website http://www.aaticd.co.za
NB:When filling the online application form; please take note of your desired Training Month, Duration in Weeks and Training Session. This will give us the exact dates you will be attending your classes.
Also note that Tuition Fees must be paid upfront on or before training start date. This is to ensure that all resources are made availabe for you before you start. You will not be allowed into training if fees are not paid and verified.
Also note that Tuition Fees Cancellations must be made 14 business working days before the starting date of training. This will allow us to do a 50% refund of the total amount paid. If cancellations are made thereafter note that no refund will be made to delegates.
Tuition Fees include teas and lunch as well as either a laptop or tablet which a delegate will take home free of charge.
Tuition Fee DOES NOT include Accommodation, Dinners and other Extra Curricular Activities or Incidentals. Delegates are expected to fund this on their own. AATICD will not be held accountable for any incidents to delegates.
In-House Trainings are also available for 10 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.
- Designing accounting and finance manual
- Manual purpose and organization
- Financial authorities and responsibilities
- Process mapping chart: basic Icons
- Accounting department setup
- Planning for proper reporting
- Planning for Human Resources Versus Software – HRVSS
- Accounting concepts and their application
- Underlying accounting assumptions
- Accrual basis versus cash basis
- Going concern assumption
- System and reliability of measurement
- Concepts of assets, liabilities, income and expense
- Chart of accounts
- Setting-up a chart of accounts
- Accounts and cost centers
- System structure
- Exchange rate differences
- Prepaid and accrual concepts and treatments
- Long term assets
- 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
- Production and inventory processing
- Recording of production costs
- Inter-department transfers of material
- Issuing finished goods
- Accounts receivables policies
- Approving clients
- Bank or other guarantees
- Recording invoices
- Allowance for doubtful debts
- Other accounting policies
- Debit and credit notes
- Payroll recording and reporting
- Essential budgeting policies
- Financial statements process
- Financial analysis