Accredited Africa Training Institute for Capacity Development

Providing accredited training courses in South Africa
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Accounting and Finance Policies and Procedures (IFRS)

Why Attend

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).

Course Methodology

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.

Course Objectives

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

Target Audience

Professionals in accounting and finance.

Target Competencies

  • 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:

South Africa

Training Dates:

Each course starts every Monday of each week. Please book your training on a date that is a Monday.

Course Duration:

Unit Standard:

NQF Level:

Number of Credits:


Course Fees

Note: Please fill in the online application form on the left or bottom if this page to receive a quotation with detailed pricing from AATICD.

How to Apply:

To Apply Simply Fill in the Online Enquiries / Applications form on the Right Sidebar or Bottom of this website https://www.aaticd.co.za

NB: Terms and Conditions for Payment and Refunds

1.1. Full payment for the training workshop must be made at least 5 days before the scheduled workshop date.

1.2. Payment can be made via bank transfer, credit card, or any other agreed-upon method.

1.3. A confirmation of payment will be issued upon receipt of funds.

1.4. Any form of Payment means that trainee / delegate / client receiving the training accepts the training and agrees to these terms and conditions.

2. Cancellation and Refund Policy

2.1. Cancellations made 30 days or more before the workshop date will be eligible for a full refund, minus any administrative fees.

2.2. Cancellations made 15 to 29 days before the workshop date will be eligible for a 50% refund of the total payment.

2.3. Cancellations made less than 14 days before the workshop date will not be eligible for a refund.

2.4. Participants who fail to attend the workshop without prior notice will not be eligible for a refund.

3. Rescheduling

3.1. If a participant wishes to reschedule, a request must be submitted at least 14 days in advance, subject to availability.

3.2. A rescheduling fee may apply.

4. Workshop Cancellation by the Organizer

4.1. AATICD reserves the right to cancel or reschedule the workshop due to unforeseen circumstances, including but not limited to low enrolment, trainer unavailability, or force majeure events.

4.2. In the event of cancellation by AATICD, participants will be offered a full refund or the option to attend a rescheduled session.

4.3. AATICD is not responsible for any additional costs incurred by participants, such as travel or accommodation expenses.

5. Refund Processing

5.1. Approved refunds will be processed within 7 business days from the date of cancellation approval.

5.2. Refunds will be issued using the original payment method unless otherwise agreed.

6. Contact Information

For any questions regarding payments and refunds, please contact us at:

Email: apply@aaticd.co.za

Phone: +27 73 016 5042

By registering for the workshop, participants agree to abide by these terms and conditions.

In-House Trainings are also available for 3 or more delegates for any duration. Please consult with our Administration for such In-House training bookings.


Course Outline

  • 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
  • Liabilities
    • Approving suppliers for purchases
    • Receiving invoices and inventory
    • Accruals
    • 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
    • Collections
    • Allowance for doubtful debts
  • Other accounting policies
    • Debit and credit notes
    • Payroll recording and reporting
  • Reporting
    • Essential budgeting policies
    • Financial statements process
    • Financial analysis

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