Course Overview:
This course offered at IRES is designed to enhance the knowledge and skills of accounting officers in both the public and private sectors. It covers advanced accounting practices, financial management techniques, and compliance with modern financial reporting standards. Participants will gain insights into budgeting, internal controls, financial statement analysis, and audit preparation, while also improving their leadership and communication abilities to effectively manage accounting teams. With a focus on practical application, this course equips accounting officers to handle complex financial challenges and enhance the overall financial performance of their organization.
Course Duration:
5 Days
Target Audience:
- Accounting officers in both public and private sectors
- Finance managers and supervisors
- Accounts payable/receivable officers
- Financial controllers and bookkeepers
- Professionals involved in financial decision-making and reporting
Personal Impact:
- Improve your understanding of advanced accounting processes and systems.
- Enhance your ability to manage financial operations and reporting.
- Gain the skills to lead accounting teams and ensure compliance with regulatory standards.
Organizational Impact:
- Strengthen internal financial controls and improve financial transparency.
- Ensure compliance with financial regulations and reporting standards.
- Improve the overall efficiency and effectiveness of accounting and finance functions.
Course Level:
Course Objectives:
By the end of this course, participants will be able to:
- Implement advanced accounting practices and techniques for improved financial management.
- Prepare and analyze financial statements in compliance with regulatory standards.
- Manage budgets effectively and perform variance analysis.
- Strengthen internal controls to prevent fraud and errors.
- Lead and communicate effectively within accounting teams.
Course Outline:
Module 1: Advanced Financial Accounting and Reporting
- Overview of modern accounting standards and financial reporting requirements
- Preparing and analyzing financial statements: income statement, balance sheet, and cash flow statement
- Ensuring compliance with International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)
- Practical Exercise: Financial statement preparation and analysis
Module 2: Budgeting and Financial Planning
- Effective budgeting techniques for organizations
- Budget variance analysis and corrective action
- Financial forecasting and planning for long-term sustainability
- Practical Exercise: Developing a comprehensive organizational budget
Module 3: Internal Controls and Fraud Prevention
- Establishing and maintaining robust internal controls
- Identifying and mitigating financial risks within the organization
- Techniques for detecting and preventing fraud in accounting processes
- Case Study: Implementing internal controls and fraud prevention measures
Module 4: Financial Auditing and Compliance
- Preparing for internal and external audits
- Understanding audit processes and roles of accounting officers during audits
- Ensuring compliance with regulatory requirements and standards
- Practical Exercise: Preparing audit documentation and responses
Module 5: Leadership and Communication for Accounting Officers
- Enhancing leadership skills for managing accounting teams
- Effective communication strategies within finance departments
- Leading change in financial operations and promoting best practices
- Real-life Project: Developing a leadership and communication plan for accounting teams
Related Courses
Course Administration Details:
Methodology
These instructor-led training sessions are delivered using a blended learning approach and include presentations, guided practical exercises, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience as professionals and trainers in these fields. All facilitation and course materials are offered in English. Participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation and Airport Transfer
Accommodation and Airport Transfer are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
Payment
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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