Accounting Policies and Procedures: Comprehensive 5-Day Course

Course Description

This comprehensive 5-day course equips finance professionals with the knowledge and skills to develop, implement, and maintain effective accounting policies and procedures. Participants will learn best practices for internal controls, financial reporting, and operational efficiency across various accounting functions.

Learning Objectives

• Understand the importance of well-documented accounting policies and procedures
• Develop comprehensive policies for key accounting processes
• Implement effective internal controls and segregation of duties
• Ensure compliance with relevant accounting standards and regulations
• Improve financial reporting accuracy and operational efficiency
• Create a framework for continuous improvement of accounting processes

Course Modules

Day 1: Foundations of Accounting Policies and Procedures

• Introduction to accounting policies and procedures
• Regulatory framework and compliance requirements
• Key components of an effective accounting manual
• Risk assessment and internal control principles

Day 2: Developing Core Accounting Policies

• Revenue recognition and accounts receivable
• Expenditure and accounts payable processes
• Fixed asset management and depreciation
• Inventory valuation and cost accounting

Day 3: Financial Reporting and Closing Procedures

• Month-end and year-end closing processes
• Financial statement preparation and analysis
• Budgeting and forecasting procedures
• Management reporting best practices

Day 4: Treasury and Risk Management Policies

• Cash management and banking procedures
• Investment and financing policies
• Foreign exchange and hedging guidelines
• Credit risk assessment and management

Day 5: Implementation and Continuous Improvement

• Implementing new accounting policies and procedures
• Training and change management strategies
• Monitoring and evaluating policy effectiveness
• Continuous improvement and policy update processes

Practical Wins for Participants

• Develop a comprehensive accounting policies and procedures manual
• Implement stronger internal controls to reduce financial risks
• Streamline month-end closing and financial reporting processes
• Create an action plan for ongoing policy review and improvement