Indicative Content

    • The importance of best practices

      • Effectiveness versus efficiency

      • Functions of management

      • Finance and accounting vision and mission

      • Customer service survey

      • Purposes and processes of finance and accounting

    • The accounting cycle and financial statements

      • The accounting processing cycle

      • Overview of key financial statements

      • Income Statement

      • Balance sheet

      • Cash flow

    • Applying best practices in Accounts Payable (AP)

      • Accounts payable life-cycle

      • AP common inefficiencies - areas for improvement

      • Centralized versus decentralized AP

      • AP/supplier portal

      • Electronic expense reporting

      • Online purchasing catalogue

      • Document management system

    • Applying best practices in Accounts Receivable (AR), inventory and Cash

      • Accounting for the allowance for doubtful accounts

      • Four dimensions in managing AR

    • Inventory life-cycle

      • Costing methods

      • Valuation and presentation of inventory

      • Best practices in inventory management

    • Best practices in fixed assets and budgeting

      • Fixed assets life-cycle

      • Capitalizing versus expensing

      • Tracking fixed assets

Objectives

  • Evaluate and improve accounts payable process

  • List the key best practices in receivables, inventory and cash management

  • Assess the budgeting process in their organizations and recommend improvements

  • Apply MS Excel reporting and analysis techniques for a faster accounting and finance operations

  • Develop an enhanced understanding of the Behavioral concepts related to the day-to-day finance and accounting operations

Course Features

  • Certificate Yes

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