A Highly Interactive Training Course On

Accounting & Finance Policies & Procedures

Accounting & Finance Policies & Procedures
Course Schedule

CLASSROOM

21-25 Apr 2025
Dubai
$5,950
08-12 Sep 2025
Dubai
$5,950
22-26 Dec 2025
London
$5,950
Certificate
  • Coventry Academy Certificate of Completion for delegates who attend and complete the training course

 

Training Overview

Training Overview

Establishing effective internal control tools within any organization is crucial, and accounting and finance policies and procedures serve as the cornerstone for achieving this goal. This training course provides practical insights into developing and implementing these policies using risk-based methods, with a focus on adherence to International Financial Reporting Standards (IFRS).

Course Highlights:

  • Understand business cycles and their implications for accounting and finance.
  • Learn to create and implement operational policies and procedures using risk-based methods.
  • Develop skills in task assignment and job separation for enhanced control effectiveness.
  • Gain proficiency in using software tools to apply and monitor internal controls.
  • Familiarize with financial statements prepared in accordance with IFRS guidelines.

What are the goals?

By the end of this training course, participants will be able to: 

  • Create comprehensive policies and procedures to streamline accounting for assets
  • Develop policies and procedures for liabilities
  • Plan the required resources for the department
  • Apply accounting concepts and International Financial Reporting Standards
  • Set the chart of accounts in detail to suit the business model

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Financial Accountants
  • Receivables and Payables Team Members
  • Planning and Budgeting Managers
  • Corporate Reporting and Investor Relations Staff
  • Investment Analysts
  • Procurement Team Members 

The Course Content

Day One: Understanding the Accounting Principles and their Implications
  • Key Accounting assumptions
  • Accrual vs. cash basis
  •  Going Concern
  •  Assets, liabilities & Equity 
  •  Revenues and expense concepts
  •  Accounting chart
Day Two: Setting Up Accounting and Finance Department: Policies & Manual
  • The need for proper planning in the reporting process
  • Human Resource Planning
  • Cost Centers and Accounts
  • Process Mapping Chart and measurement accuracy
  • Manual purpose and structure
  • Financial authorities and duties
Day Three: Assets Policies
  • Clients’ approval process
  • Invoicing: Collections & Allowance for uncollected receivables
  • Production and inventory processing
  • Assets capitalization costs
  • Depreciation, depletion and amortization (DDA)
  • Impairment procedure
Day Four: Liabilities Policies
  • Approval of supplies
  • Receiving invoices and accounting for inventory
  • Accrual policies
  • Processing of payment orders
  • Dividends payable
Day Five: Other Accounting Policies and Reporting
  • Notes receivable and payable
  • reporting for Payroll
  • Budgeting policies
  • Financial statement reporting process
  • Essentials of Financial analysis