Professional Skills for Finance and Accounting
Professional Skills for Finance and Accounting
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Program Objectives:
By the end of the program, participants will be able to:
- Implement essential skills to enhance their ability to run the finance department.
- Manage finance functions in an organized and professional manner.
- Determine the reporting requirements for the finance department.
- Practice proper personal organization, staffing and time management skills.
- Apply finance policies and procedures to add value and communicate effectively with other departments.
Who should attend:
Financial managers, financial controllers, finance department heads, chief financial officers, accounting managers, senior finance officers, accountants, finance staff and analysts.
Program Outline
The Macro Finance Picture
- Understanding the Accounting Cycle
- The Income Statement
- The Balance Sheet
- The Changes in Owners’ Equity Statement
- The Cash Flow Statement
- The Relationship of Financial Statements
- Functions of Management
- Three Elements of a Vision for Finance and Accounting Department
- Effectiveness versus Efficiency
- Supporting the Operating Departments
- Purpose of the Finance and Accounting Function
Personal Organization and Time Management
- The New Skills Set
- Delegation and Priorities
- Delegation Characteristics
- Handling Meetings Effectively
- The Need for Review and Authorization Procedures
- Maintaining Clean Desk Policy
- Managing Your In-Box
- Peak Performance Time
Staffing the Finance Function
- Hiring the Best People
- Identifying Recruitment Criteria
- Developing Interviewing Skills
- Interpersonal Communication
- Fundamentals of Communication Skills
- Personality Communication Styles
- The Attitude and Skills Matrix
- Delegation Rules and Levels
- Delegation and Micromanagement
- Evaluating Finance Staff Performance
- Motivation Tools, Compensation and Perks
Organizing the Finance Function
- Teamwork Skills in Finance and Accounting
- Assessing the Need for Team-Building Program
- Finance as a Project
- Organizing by Function
- Organizing by Purpose
- Staff Duties and Responsibilities
- The Authorization Matrix and Control of Processes in Organizations
- Cross Training and Backup Strategies
- Scheduling the Monthly Accounting Cycle
Policies and Procedures
- Purposes of the Policies and Procedures Manual
- Communicating Financial Policies
- Staff Involvement and Responsibilities
- Enhancing Personal Efficiency
