Policies and Procedures Page 1 of 11
Why Attend Accounting and finance policies and procedures are the most efficient way to implement company-wide effective internal control tools in any organization. They are part of every business cycle: purchase and payment cycle, inventory and production, HR and payroll, fixed assets and capitalization of costs, and the sales and collection cycle. On top of that, accounting and finance policies and procedures are essential for the board of directors and senior management to communicate limitations and authorities given to different managers and employees throughout the organization. Moreover, their use is also extended to organize financial reporting and compliance with regulators outside the organization. In this course participants will be encouraged to think of risk-based processes to write and implement operational policies and procedures. They will learn to allocate tasks to different personnel based on proper segregation of duties and to use software to implement the controls efficiently. Also, the course covers sample financial statements prepared according to the International Financial Reporting System (IFRS). Course Methodology This course uses explanations by a subject matter expert on how to write policies and procedures and what to include in them. Participants will be asked to write policies and procedures in different business cycles leading to financial reporting as per IFRS. Course Objectives By the end of the course, participants will be able to: Design and produce a model accounting and finance manual Plan the required resources needed for the department Apply accounting concepts and International Financial Reporting Standards Set the chart of accounts in details to suit the business model Create comprehensive policies and procedures to streamline accounting for fixed assets Develop policies and processes for current assets and current liabilities Formulate reporting requirements as per International Financial Reporting Standards Target Audience Professionals in accounting and finance. Target Competencies Designing policies and procedures Understanding business cycles Applying financial policies Preparing accounting procedures Segregating employee tasks Implementing internal controls Developing accounting systems Complying with International Financial Reporting Standards (IFRS) Course Outline Designing accounting and finance manual Manual purpose and organization Financial authorities and responsibilities Process mapping chart: basic Icons Accounting department setup Planning for proper reporting Planning for Human Resources Versus Software HRVSS Accounting concepts and their application Underlying accounting assumptions Page 2 of 11
Accrual basis versus cash basis Going concern assumption System and reliability of measurement Concepts of assets, liabilities, income and expense Chart of accounts Setting-up a chart of accounts Accounts and cost centers System structure Exchange rate differences Prepaid and accrual concepts and treatments Long term assets Assets capitalization costs Depreciation, amortization and depletion Impairment of assets Disposal of assets Liabilities Approving suppliers for purchases Receiving invoices and inventory Accruals Dividends payable Payment orders processing Production and inventory processing Recording of production costs Inter-department transfers of material Issuing finished goods Accounts receivables policies Approving clients Bank or other guarantees Recording invoices Collections Allowance for doubtful debts Other accounting policies Debit and credit notes Payroll recording and reporting Reporting Essential budgeting policies Financial statements process Financial analysis Page 3 of 11
Associations National Association of State Boards of Accountancy (NASBA) : Meirc Training & Consulting is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org Location & Date 4-8 Nov, 2018 Media Rotana 14-18 Apr, 2019 To be assigned 15-19 Dec, 2019 To be assigned : US$ (including coffee breaks and a buffet lunch daily) Per participant - 2018 Per participant - 2019 + VAT as applicable Tax Registration Number 100239834300003 This course is worth 25 NASBA CPEs. Page 4 of 11
26-30 Aug, 2018 Barcelona 26-30 Aug, 2018 26-30 Aug, 2018 Forecasting and Analyzing Cash Flow 2-6 Sep, 2018 Certificate in Treasury 2-6 Sep, 2018 Next Generation Excel: Advanced Business and Financial Reporting Abu Dhabi 9-13 Sep, 2018 Advanced Budgeting Workshop 9-13 Sep, 2018 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course 16-20 Sep, 2018 Financial Analysis Workshop 19-21 Sep, 2018 Financial Controller Bootcamp Beirut US$ 3500 23-27 Sep, 2018 Accounts Receivable and Credit Policies 23-27 Sep, 2018 23-27 Sep, 2018 Innovative Reporting 30 Sep - 4 Oct, 2018 7-11 Oct, 2018 7-11 Oct, 2018 Financial Modeling Workshop Using Excel 7-11 Oct, 2018 Payroll: Preparation, Analysis and 14-18 Oct, 2018 Certificate in Cost Analysis and Control 14-18 Oct, 2018 Efficient Finance and Accounting Operations: 2018 Best Practices and 14-18 Oct, 2018 Financial Acumen: Roadmap to Business Success 21-25 Oct, 2018 Accounts Payable: From Accounting to 21-25 Oct, 2018 Business Reports and Dashboards Using Excel 21-25 Oct, 2018 IFRS in Saudi Arabia: Compliance with SOCPA Riyadh 21-25 Oct, 2018 Professional Accounting Certificate 28 Oct - 1 Nov, 2018 Certificate in Financial 28 Oct - 1 Nov, 2018 Riyadh 4-8 Nov, 2018 Page 5 of 11
4-8 Nov, 2018 Managing the Collections and Credit Control Team 4-8 Nov, 2018 Professional Skills for Finance and Accounting 11-15 Nov, 2018 Accounts Receivable and Credit Policies 11-15 Nov, 2018 Advanced Budgeting Workshop 11-15 Nov, 2018 Innovative Cost Savings Strategies 11-15 Nov, 2018 International Financial Reporting Standards (IFRS) and 2018 18-22 Nov, 2018 Certificate in Fixed Assets Accounting and 18-22 Nov, 2018 Financial Controller Workshop 18-22 Nov, 2018 Preparing Financial Statements and the Annual Report 25-29 Nov, 2018 Certificate in Advanced Financial Modeling 25-29 Nov, 2018 Certified Corporate Financial Planning & Analysis Professional (Cert FP&A): Preparation Course - Part 1 2-6 Dec, 2018 Accounting for Non-Accountants 2-6 Dec, 2018 9-13 Dec, 2018 Accounts Payable: From Accounting to 9-13 Dec, 2018 Corporate Finance Workshop 9-13 Dec, 2018 Fast Closing Monthly and Year-End Accounts 9-13 Dec, 2018 Payroll: Preparation, Analysis and 16-20 Dec, 2018 16-20 Dec, 2018 Efficient Finance and Accounting Operations: 2018 Best Practices and 16-20 Dec, 2018 16-20 Dec, 2018 Next Generation Excel: Advanced Business and Financial Reporting 23-27 Dec, 2018 23-27 Dec, 2018 Financial Analysis Workshop 6-7 Jan, 2019 Basic Mechanics and Accounting for VAT US$ 0 27-31 Jan, 2019 Page 6 of 11
3-7 Feb, 2019 Financial Modeling Workshop Using Excel 10-14 Feb, 2019 Accounts Payable: Accounting and Best Practices 10-14 Feb, 2019 10-14 Feb, 2019 17-21 Feb, 2019 Accounts Receivable and Credit Policies 17-21 Feb, 2019 Certificate in Professional Accounting 17-21 Feb, 2019 Certified Financial Manager 24-28 Feb, 2019 Dynamic Business Reports and Dashboards Using Excel 24-28 Feb, 2019 Financial Acumen: Roadmap to Business Success 3-7 Mar, 2019 Accounting for Non-Accountants 3-7 Mar, 2019 Certificate in Cost Analysis, Control and Optimization 10-14 Mar, 2019 Certificate in Accounting and Financial Control 10-14 Mar, 2019 Financial Analysis Workshop 10-14 Mar, 2019 Payroll: Preparation, Analysis and 17-21 Mar, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and 17-21 Mar, 2019 International Financial Reporting Standards (IFRS) and 2019 17-21 Mar, 2019 Managing the Collections and Credit Control Team 17-21 Mar, 2019 Preparing Financial Statements and the Annual Report 24-28 Mar, 2019 Certificate in Fixed Assets Accounting and 24-28 Mar, 2019 Certificate in Advanced Financial Modeling 24-28 Mar, 2019 Certificate in Treasury and Cash 24-28 Mar, 2019 Fast Closing Monthly and Year-End Accounts 31 Mar - 4 Apr, 2019 7-11 Apr, 2019 Page 7 of 11
7-11 Apr, 2019 Professional Skills for Finance and Accounting 14-18 Apr, 2019 Preparation for Certificate in Financial Planning & Analysis (Cert FP&A) 14-18 Apr, 2019 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course 14-18 Apr, 2019 Next Generation Excel: Advanced Business and Financial Reporting 21-25 Apr, 2019 Certificate in Advanced Budgeting and Forecasting 21-25 Apr, 2019 Cairo 28 Apr - 2 May, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and 28 Apr - 2 May, 2019 9-13 Jun, 2019 Certificate in Advanced Financial Modeling 9-13 Jun, 2019 16-20 Jun, 2019 Accounts Payable: Accounting and Best Practices 16-20 Jun, 2019 16-20 Jun, 2019 23-27 Jun, 2019 Advanced Excel: Power Query, Power Pivots and Macros 23-27 Jun, 2019 7-11 Jul, 2019 Certified Financial Manager 14-18 Jul, 2019 Certificate in Advanced Budgeting and Forecasting 21-25 Jul, 2019 Fast Closing Monthly and Year-End Accounts 28 Jul - 1 Aug, 2019 Financial Modeling Workshop Using Excel 4-8 Aug, 2019 4-8 Aug, 2019 25-29 Aug, 2019 Istanbul 25-29 Aug, 2019 Forecasting and Analyzing Cash Flow 1-5 Sep, 2019 Accounting for Non-Accountants 1-5 Sep, 2019 Dynamic Business Reports and Dashboards Using Excel Page 8 of 11
4-6 Sep, 2019 : A Hands-On Workshop Beirut US$ 3600 8-12 Sep, 2019 Corporate Finance Workshop 8-12 Sep, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and Abu Dhabi 8-12 Sep, 2019 Financial Analysis Workshop 8-12 Sep, 2019 Payroll: Preparation, Analysis and 15-19 Sep, 2019 Accounts Receivable and Credit Policies 15-19 Sep, 2019 International Financial Reporting Standards (IFRS) and 2019 15-19 Sep, 2019 Professional Skills for Finance and Accounting Istanbul 22-26 Sep, 2019 Certificate in Accounting and Financial Control 22-26 Sep, 2019 Financial Acumen: Roadmap to Business Success 29 Sep - 3 Oct, 2019 Certificate in Treasury and Cash Riyadh 29 Sep - 3 Oct, 2019 Reporting for Business Performance Review 6-10 Oct, 2019 6-10 Oct, 2019 6-10 Oct, 2019 Preparing Financial Statements and the Annual Report 13-17 Oct, 2019 Fast Closing Monthly and Year-End Accounts 13-17 Oct, 2019 Next Generation Excel: Advanced Business and Financial Reporting 20-24 Oct, 2019 Accounts Payable: Accounting and Best Practices Riyadh 20-24 Oct, 2019 20-24 Oct, 2019 Financial Forecasting: Tools and Techniques 20-24 Oct, 2019 Managing the Collections and Credit Control Team 27-31 Oct, 2019 27-31 Oct, 2019 Innovative Cost Savings Strategies Page 9 of 11
3-7 Nov, 2019 Certificate in Treasury and Cash 3-7 Nov, 2019 Trade Finance, Letters of Credit and Bank Guarantees 10-14 Nov, 2019 Certificate in Advanced Budgeting and Forecasting 10-14 Nov, 2019 Certificate in Advanced Financial Modeling 10-14 Nov, 2019 Certificate in International Financial Reporting Standards (CertIFR): Preparation Course 10-14 Nov, 2019 Payroll: Preparation, Analysis and 17-21 Nov, 2019 Accounts Payable: Accounting and Best Practices 17-21 Nov, 2019 17-21 Nov, 2019 Certificate in Fixed Assets Accounting and 24-28 Nov, 2019 Advanced Excel: Power Query, Power Pivots and Macros 24-28 Nov, 2019 24-28 Nov, 2019 Forecasting and Analyzing Cash Flow 1-5 Dec, 2019 Efficient Finance and Accounting Operations: 2019 Best Practices and 8-12 Dec, 2019 Accounts Receivable and Credit Policies 8-12 Dec, 2019 International Financial Reporting Standards (IFRS) and 2019 8-12 Dec, 2019 Professional Skills for Finance and Accounting 15-19 Dec, 2019 15-19 Dec, 2019 22-26 Dec, 2019 Certificate in Cost Analysis, Control and Optimization 22-26 Dec, 2019 22-26 Dec, 2019 Page 10 of 11
Page 11 of 11