Efficient Finance and Accounting Operations: 2019 Best Practices and Updates Page 1 of 11
Why Attend 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. Course Methodology This course uses a mix of exercises, workshops, group case studies, and presentations. Additionally, some time will be devoted to learning practical tools in Excel for reporting, analysis and reconciliation. Conceptual ideas, rules, and best practices will also be discussed in accounting, finance, budgeting and general reporting. Course Objectives By the end of the course, participants will be able to: Identify the main elements of a vision for finance and accounting Evaluate and improve accounts payable process List the key best practices in receivables, inventory and cash management Assess the budgeting process in their organizations and recommend improvements Apply MS Excel reporting and analysis techniques for a faster accounting and finance operations Develop an enhanced understanding of the behavioral concepts related to the day-to-day finance and accounting operations Target Audience 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. Target Competencies Analytical skills Accounts payable management Accounting and managing accounts receivables and inventory Preparing financial statements Budgeting Excel reporting and analysis Note This is a hands-on training course using laptops which will be made available by Meirc for the duration of the training. For courses outside delegates must bring along their own laptop with a fully functional version of Excel 2010/2013. Course Outline The importance of best practices Effectiveness versus efficiency Functions of management Finance and accounting vision and mission Customer service survey Purposes and processes of finance and accounting The accounting cycle and financial statements The accounting processing cycle Overview of key financial statements Income Statement Page 2 of 11
Balance sheet Cash flow Applying best practices in Accounts Payable (AP) Accounts payable life-cycle AP common inefficiencies - areas for improvement Centralized versus decentralized AP AP/supplier portal Electronic expense reporting Online purchasing catalogue Document management system Applying best practices in Accounts Receivable (AR), inventory and Cash AR Life cycle Accounting for the allowance for doubtful accounts Four dimensions in managing AR Credit policy Billing Collection AR segmentation Inventory life-cycle Costing methods Valuation and presentation of inventory Best practices in inventory management Best practices in cash management Best practices in fixed assets and budgeting Fixed assets life-cycle Capitalizing versus expensing Tracking fixed assets Budgeting approaches Tips in creating efficiencies in budgeting process Reporting best practices using MS Excel 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 Enhancing policies and procedures manuals Essential behavioral concepts for enhancing Finance and Accounting (F&A) operations The new set of skills for F&A Clean desk policy Peak performance time Page 3 of 11
Successful meetings Communication skills Reviewing and authorization matrix Cross training and back up strategies Page 4 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 17-21 Mar, 2019 To be assigned 28 Apr - 2 May, 2019 To be assigned 8-12 Sep, 2019 Abu Dhabi To be assigned 1-5 Dec, 2019 To be assigned : US$ (including coffee breaks and a buffet lunch daily) Per participant - 2018 Per participant - 2019 + VAT as applicable UAE Tax Registration Number 100239834300003 Page 5 of 11
4-8 Nov, 2018 Policies and Procedures 4-8 Nov, 2018 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 Updates 18-22 Nov, 2018 Certificate in Fixed Assets Accounting and US$ 4900 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 US$ 4900 25-29 Nov, 2018 Certified Corporate Financial Planning & Analysis Professional (Cert FP&A): Preparation Course - Part 1 US$ 4900 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 Updates 16-20 Dec, 2018 16-20 Dec, 2018 Next Generation Excel: Advanced Business and Financial Reporting 23-27 Dec, 2018 Page 6 of 11
23-27 Dec, 2018 Financial Analysis Workshop 6-7 Jan, 2019 Basic Mechanics and Accounting for VAT US$ 2600 27-31 Jan, 2019 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 International Financial Reporting Standards (IFRS) and 2019 Updates 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 Page 7 of 11
7-11 Apr, 2019 7-11 Apr, 2019 Professional Skills for Finance and Accounting 14-18 Apr, 2019 Policies and Procedures 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 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 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 Updates 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 3-7 Nov, 2019 Certificate in Treasury and Cash 3-7 Nov, 2019 Trade Finance, Letters of Credit and Bank Page 9 of 11
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 8-12 Dec, 2019 Accounts Receivable and Credit Policies 8-12 Dec, 2019 International Financial Reporting Standards (IFRS) and 2019 Updates 8-12 Dec, 2019 Professional Skills for Finance and Accounting 15-19 Dec, 2019 Policies and Procedures 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
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