Certificate in Accounting Operations
5 DaysCertificate in Accounting Operations
Course Methodology
This course uses a mix of exercises, workshops, group case studies, and presentations. Additionally, some time will be devoted to learning practical tools in Excel for reporting, analysis and reconciliation. Conceptual ideas, rules, and best practices will also be discussed in accounting, finance, budgeting and general reporting.
Course Objectives
By the end of the course, participants will be able to:
- Identify the main elements of a vision for finance and accounting
- 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
Target Audience
Professionals in the field of finance and accounting, managers, supervisors, and finance professionals who desire to understand, apply and implement practical tools to enable them to run the finance and accounting departments more efficiently.
Target Competencies
- Analytical skills
- Accounts payable management
- Accounting and managing accounts receivables and inventory
- Preparing financial statements
- Budgeting
- Excel reporting and analysis
Course Outline
- Developing a Clear Vision for Finance & Accounting
- Functions of management
- Finance and accounting vision and mission
- Effectiveness versus efficiency
- 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
- Centralized versus decentralized AP
- AP/supplier portal
- Electronic expense reporting
- Applying Best Practices in Accounts Receivable (AR), Inventory, and Cash
- AR life cycle
- Expected Credit Loss (ECL)
- Four dimensions in managing AR
- Credit policy
- Billing
- Collection
- AR segmentation
- Inventory life cycle
- Costing methods
- Valuation and presentation of inventory
- Best practices in inventory management
- Best practices in cash management
- AR life cycle
- Best Practices in Fixed Assets and Budgeting
- Fixed assets life cycle
- Capital expenditures vs. operating expenditures
- Tracking fixed assets
- Budgeting approaches
- Tips for creating efficiencies in the budgeting process
- Top MS Excel Skills in Accounting & Finance Operations
- Data validation for data entry forms
- Power Query to consolidate budget templates
- Account reconciliation using XLOOKUP
- Scenario Manager to develop flexible budgets and forecasts
- Pivot Tables to automate monthly reports
- Essential Behavioral Concepts for Enhancing Finance and Accounting (F&A) Operations
- The new set of skills for F&A
- Clean desk policy
- Peak performance time
- Successful meetings
- Communication skills
- Cross-training and backup strategies
Mawred Certificate
Mawred Certificate courses by Al mawred Training & Consulting are designed for those willing to challenge themselves and go the extra distance...
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Classroom Schedule
Virtual Schedule
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