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Program Objectives: By the end of the program, participants will be able to: - Understand the operations of the Finance and Accounting department.
- Acquire internationally implemented best practices in the following areas: Accounts Payables, Billing, Budgeting, Cash Management and Treasury, Costing, Filing, Financial Statements, General Ledger, Inventory, Payroll, and Policies and Procedures.
- Apply their knowledge through hands-on workshops and group presentations.
This Program is designed for: Professionals in the field of finance and accounting, managers, supervisors, and finance professionals who need to understand, apply and implement practical tools to enable them to run the finance department more efficiently. This program is worth 25 NASBA CPEs. Program Fees: Per participant - USD 3700
Frequent nomination - USD 3330
(including coffee breaks and a buffet lunch daily)
One extra free place for every 2 paid nominees on the same program and dates
Discount Plans, Refunds & Cancellations Policy
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time. Program Outline: | Importance of Best Practices (BP) - Defining BP and Implementation Techniques
- Effective versus Efficient Tools
- Your First and Most Important Tool: Internal Customer Surveys
Accounts Payable (AP) Best Practices - The Role of Accounts Payable and Accounts Payable Cycle
- Improving AP through Decentralization and Centralization
- Enhancing AP Processing Using Vendor Analysis and Reconciliation
- Purchasing Catalogue
- Automating Expense Reporting
Billing, Collection, and Cash Management Best Practices - Calculating Allowance Methods
- Internet and Web Billing
- Improving Cash Management, Lockbox Collections, and Zero-Balance Accounts
Budgeting Best Practices - Automating Budget Development
- Enhancing Budgeting Process
- Preparing Variance Analysis Reports
- Conditional Formatted Budgets
| | Financial Statement and Reporting Best Practices - Can We Really Improve the Quality of Financial Data?
- XBRL, XML, F9, and Dashboards
- General Ledger
- Enhancing Report Generating and Analysis
Fixed Assets Best Practices - Bar Coding Principles
- Reconciling Your Fixed Assets
- The Rules of Capitalizing versus Expensing of Fixed Assets
Enhancing the Finance and Accounting (F&A) Departmental Operations - The New Set of Skills for F&A
- Meetings, Clean Desk Policy, and Delegations Best Practices
- Hiring the Best, Cross-Training, Back-Up Strategies, and Teamwork
- Staff Responsibility Charts
Finance Process Improvements - Document Management Systems
- Pivot Tables and Pivot Charts
- Paperless Printing
| Pre-requisites None
Delivery Type Group-Live | Related Programs |
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