Accounting and Finance Policies and Procedures

Accounting and Finance Policies and Procedures

Accounting and Finance Policies and Procedures

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Program Objectives:
  • By the end of the program, participants will be able to:
  • Design and produce the Accounting and Finance Manual.
  • Plan the required resources needed for the department.
  • Establish authorities and duties in the department for maximizing efficiency and effectiveness.
  • Achieve segregation of duties and internal controls in the department.
  • Set comprehensive policies and procedures to streamline accounting operations.
  • Acquire a reference explaining essential accounting assumptions and their application.
  • Answer the questions: “who does what?” and “how to do it?” by formulating standard and reliable accounting processes.
Who should attend:
Professionals in accounting and finance.
Program Outline : 
Designing the Accounting Manual
  • Purpose of the Accounting Manual
  • Authorities Assigned to Accounting Personnel
  • Organization of the Accounting Manual
Accounting Department Setup Planning
  • Planning for Proper Reporting
  • Planning for Human Resources versus Software – HRVSS
Accounting Concepts and their Application
  • Underlying Accounting Assumptions
  • Accrual Basis of Accounting versus Cash Basis
  • Going Concern Assumption
  • System and Reliability of Measurement
  • General Concepts of Assets, Liabilities, Income and Expense
Accounting Procedures General
  • Setting Chart of Accounts
  • Accounting Structure
  • Exchange Rate Differences
  • Accounts and Cost Centers
  • Prepaid and Accrual Concepts and Treatments
Fixed Assets and Capitalization of Costs
  • Treatment and Recording of Fixed Assets
  • Depreciation of Fixed Assets
  • Disposal of Fixed Assets
  • Reports on Fixed Assets
Accounts Payables Policies
  • Approving Suppliers for Purchases
  • Receiving Invoices and Inventory
  • Reports on Payables Due
  • Payment Orders Processing
Production and Inventory Processing
  • Recording of Production Costs
  • Interdepartmental Transfers of Material
  • Issuing Finished Goods
Accounts Receivables Policies
  • Approving Clients
  • Bank or Other Guarantees
  • Recording Invoices
  • Collection and Recording of Receipts
Other Accounting Policies
  • Debit and Credit Notes
  • Payroll Recording and Reporting
  • Essential Budgeting Policies
  • Financial Statements Issuance Steps
  • Financial Analysis and Comparisons to Budgets

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Date And Time

2023-06-19 @ 09:00 AM to
2023-06-23 @ 02:00 PM

Event Category

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