Effective Finance and Accounting operations for Accountants

• The importance of best practices
o Effectiveness versus efficiency
o Functions of management
o Finance and accounting vision and mission
o Customer service survey
o Purposes and processes of finance and accounting
• The accounting cycle and financial statements
o The accounting processing cycle
o Overview of key financial statements
 Income Statement
 Balance sheet
 Cash flow
• Applying best practices in Accounts Payable (AP)
o Accounts payable life-cycle
o AP common inefficiencies – areas for improvement
o Centralized versus decentralized AP
o AP/supplier portal
o Electronic expense reporting
o Online purchasing catalogue
o Document management system
• Applying best practices in Accounts Receivable (AR), inventory and Cash
o AR Life cycle
 Accounting for the allowance for doubtful accounts
 Four dimensions in managing AR
 Credit policy
 Billing
 Collection
 AR segmentation
o Inventory life-cycle
 Costing methods
 Valuation and presentation of inventory
 Best practices in inventory management
o Best practices in cash management
• Best practices in fixed assets and budgeting
o Fixed assets life-cycle
o Capitalizing versus expensing
o Tracking fixed assets
o Budgeting approaches
o Tips in creating efficiencies in budgeting process
• Reporting best practices using MS Excel
o Consolidating your data
o Validating data for accuracy
o 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
o Enhancing policies and procedures manuals
• Essential behavioral concepts for enhancing Finance and Accounting (F&A) operations
o The new set of skills for F&A
o Clean desk policy
o Peak performance time
o Successful meetings
o Communication skills
o Reviewing and authorization matrix
o Cross training and back up strategies

FOR WHOM: Accountants, Auditors, Finance Officers and others who perform related functions.

1ST BATCH: Tuesday, March 10, 2026 — Friday, February 13, 2026.

2ND BATCH: Tuesday, June 30, 2026 — Friday, July 3, 2026.

3RD BATCH: Tuesday, October 27, 2026 — Friday, October 30, 2026.

The training methodology integrates lectures, interactive discussions, collaborative group exercises, and
illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical
experience, emphasizing the application of learned techniques. This approach ensures that attendees return
to their professional environments equipped with both the competence and self-assurance to effectively
implement the acquired skills in their responsibilities.