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Efficient Finance and Accounting Operations course

INTRODUCTION

Stop what you are doing, take a step back, and look at how you perform your work. You will probably agree that things are currently effective, but could be more efficient. This course will provide you with the tools and techniques necessary to enhance all the building blocks of accounting and finance. From accounts payable and cash management to budgeting and financial statements, we will show you best practices in tools and techniques that will make your job easier and help you deliver more value. The course will also cover behavioral concepts related to the day-to-day accounting and finance operations.

DURATION

5 Days

WHO SHOULD ATTEND?

Professionals in the field of finance and accounting, managers, supervisors, and finance professionals who desire to understand, apply and implement practical tools to enable them to run the finance and accounting departments more efficiently.

COURSE OBJECTIVES

At the end of this IRES training seminar, you will learn to:

  • Demonstrate how they can enhance the operations of the finance and accounting departments.
  • Apply internationally implemented best practices in the following areas: accounts payable, billing, budgeting, cash management and treasury, costing, filing, financial statements, general ledger, inventory and policies and procedures.
  • Leverage their accounting cycle skills.
  • Use new tools to make their job efficient and smart.
  • Apply their knowledge through hands-on workshops and group presentations

TOPICS TO BE COVERED

The Importance of Best Practices (BP)

  • Effective versus Efficient Tools
  • Functions of Management
  • Finance and Accounting Vision and Mission
  • Customer Service Survey
  • Purposes and Processes of Finance and Accounting (F&A)
  • Accounting Cycle and Financial Statements Cycle

Accounts Payable (AP) Best Practices

  • The Life Cycle of Accounts Payable
  • Improving AP through Decentralization and Centralization
  • Enhancing AP Processing Using Vendor Analysis and Reconciliation
  • Electronic Expense Reporting
  • On-Line Purchasing Catalogue
  • Document Management System

Billing, Collection, Inventory Cash Management, and Budgeting Best Practices

  • Accounts Receivable Life Cycle and Tools
  • Inventory Life Cycle and Tools
  • Improving Cash Management, Lockbox Collections, and Zero-Balance Accounts
  • Modern Budgeting Techniques Mindset

Fixed Assets Best Practices

  • Fixed Assets Life Cycle and Tools
  • Bar Coding Systems
  • Capitalizing versus Expensing of Fixed Assets 

Reporting Best Practices Using Excel

  • Improving Timeliness and Accuracy of Business and Accounting Data
  • Enhancing Report Development and Analysis
  • Consolidating your Data
  • Validating Data for Accuracy
  • Using Pivot Tables
  • Preparing Periodic Reports in No Time
  • Performing Efficient and Accurate Reconciliation
  • Bank Statement Reconciliation
  • Payroll Reporting and Analysis
  • Accounts-Payable Reporting and Analysis
  • General Ledger Reporting, Reconciliation and Analysis
  • Budgeting Reporting and Analysis
  • Invoice Analysis and Reporting
  • Creating Flash Management Reports
  • XBRL, and Dashboards
  • Enhancing Policies and Procedures Manuals

Essential Behavioral Concepts for Enhancing Finance and Accounting Operations

  • The New Set of Skills for F&A
  • Clean Desk Policy
  • Hiring the Best, Cross-Training, Back-Up Strategies, and Teamwork
  • Staff Responsibility Charts
  • Successful Meetings

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Services (IRES) certificate.

TRAINING VENUE

The training is residential and will be held at IRES training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.   

Mob: +254 715 077 817

Tel: 020 211 3814

TAILOR- MADE

This training can also be customized for your institution upon request to a minimum of 4 participants. You can have it delivered in our training centre or at a convenient location.

For further inquiries, please contact us on Tel: +254715077817, +254(020) 211 3814 or mail This email address is being protected from spambots. You need JavaScript enabled to view it.

PAYMENT

Payment should be transferred to IRES account through bank on or before C.O.B. 27th April 2020.

Send proof of payment to This email address is being protected from spambots. You need JavaScript enabled to view it.

CANCELLATION POLICY

Payment for all courses includes a registration fee, which is non-refundable and equals 15% of the total sum of the course fee.

1.    Participants may cancel attendance 14 days or more prior to the training commencement date.

2.    No refunds will be made 14 days or less to the training commencement date. However, participants who are unable to attend may opt to attend a similar training at a later date, or send a substitute participant provided the participation criteria have been met.

Please Note: The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

Event Properties

Event Duration 5 Days
Event Date 04-05-2020
Event End Date 08-05-2020
Cut off date 27-04-2020
Individual Price(Kenyan) KES 69,000
Individual Price (International) EUR 790
Individual Price(International in Dollars) USD 920
Location Nairobi, Kenya
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