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Accounting and Finance Policies and Procedures


Accounting and Finance Policies and Procedures


Program Objectives

  1. Design and produce the Accounting and Finance Manual.
  2. Plan the required resources needed for the department.
  3. Establish authorities and duties in the department for maximizing efficiency and effectiveness.
  4. Achieve segregation of duties and internal controls in the department.
  5. Set comprehensive policies and procedures to streamline accounting operations.
  6. Acquire a reference explaining essential accounting assumptions and their application.
  7. Answer the questions: “who does what?” and “how to do it?” by formulating standard and reliable accounting processes.

Beneficiaries

Professionals in accounting and finance. 

Contents

Designing the Accounting Manual:

  • Purpose of the Accounting Manual
  • Authorities Assigned to Accounting Personnel
  • Organization of the Accounting Manual

Accounting Department Setup Planning:

  • Planning for Proper Reporting
  • Planning for Human Resources versus Software – HRVSS

Accounting Concepts and their Application:

  • Underlying Accounting Assumptions
  • Accrual Basis of Accounting versus Cash Basis
  • Going Concern Assumption
  • System and Reliability of Measurement
  • General Concepts of Assets, Liabilities, Income and Expense

Accounting Procedures General:

  • Setting Chart of Accounts
  • Accounting Structure
    • Exchange Rate Differences
    • Accounts and Cost Centers
    • Prepaid and Accrual Concepts and Treatments

Fixed Assets and Capitalization of Costs:

  • Treatment and Recording of Fixed Assets
  • Depreciation of Fixed Assets
  • Disposal of Fixed Assets
  • Reports on Fixed Assets

Accounts Payables Policies:

  • Approving Suppliers for Purchases
  • Receiving Invoices and Inventory
  • Reports on Payables Due
  • Payment Orders Processing

Production and Inventory Processing:

  • Recording of Production Costs
  • Interdepartmental Transfers of Material
  • Issuing Finished Goods

Accounts Receivables Policies:

  • Approving Clients
  • Bank or Other Guarantees
  • Recording Invoices
  • Collection and Recording of Receipts

Other Accounting Policies:

  • Debit and Credit Notes
  • Payroll Recording and Reporting

Reporting:

  • Essential Budgeting Policies
  • Financial Statements Issuance Steps
  • Financial Analysis and Comparisons to Budgets

Training methods

  • The Training lectures.
  • The Group discussions.
  • The Training Workshops.

Places and dates for this program

01 Jan 2017 : 05 Jan 2017 2750 $ 1438-06-03 H : 1438-06-07 H

09 Jul 2017 : 13 Jul 2017 2750 $ 1438-10-15 H : 1438-10-19 H

07 Jan 2018 : 11 Jan 2018 2750 $ 1439-04-20 H : 1439-04-24 H

15 Jul 2018 : 19 Jul 2018 2250 $ 1439-11-03 H : 1439-11-07 H


Etisalat
Ministry of Heals
Saudi Arabian Airlines
Arabia Insurance Cooperative Company
Ministry of Housing
Dorectprate of Human Resources - Sharjah
Sharjah Electricity & Water Authority
The Holding Company for Water Supply and Sewerage
Epsco

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