Who should attend
Professionals in the field of: * Finance and Accounting * Managers * Supervisors * Finance Professionals Who need to understand, apply and implement practical tools to enable them to run the finance department more efficiently?
About the course
This five day program will enhance your ability to understand financial reports, better communicate with financial officers in your organization, evaluate your unit's financial performance, and make sound financial decisions.
The purpose of this course is to help those involved in finance, accounting interpret data from financial reports, including balance sheets, income statements, budgets, and divisional performance reports and make better business decisions based upon this information. Participants will be better able to communicate the financial goals and performances of their departments to outside sources. They will improve their understanding and be able to use financial language to communicate with others, including financial managers in their organizations.
This course provides you with a working knowledge of the principles and practices of the financial management of companies and the financial analysis of leveraged buyouts. It ensures that you acquire a sufficiently thorough understanding of the subject in order to be able to use the tools and techniques in an effective manner
## Course Objectives
By the end of the program, participants will be able to:
- Demonstrate how they can enhance the operations of the finance and accounting departments.
- Apply internationally implemented best practices in the following areas: accounts payable, billing, budgeting, cash management and treasury, costing, filing, financial statements, general ledger, inventory and policies and procedures.
- Leverage their accounting cycle skills.
- Use new tools to make their job efficient and smart.
- Apply their knowledge through hands-on workshops and group presentations.
## Course Outline
Importance of Best Practices (BP)
Effective Versus Efficient Tools
The Importance of Surveys
Finance Process Improvements
On-line Purchase Interface
Document Management Systems
Electronic Expense Reporting
Budgeting Best Practices
Importance of Budgeting
Good or Bad Budgets?
Enhancing Budgeting Process
The ZBB Versus Traditional Budgeting
Accounts Payable (AP) Best Practices
Tools Used to Improve AP Processing
The Role of Accounts Payable and Accounts Payable Cycle
Billing, Collection, and Cash Management Best Practices
How to Improve AR Function
Improving Cash Management
Financial Statement and Reporting Best Practices
Can We Really Improve Financial Statements?
XBRL, XML, F9, and Dashboards
Enhancing the Finance and Accounting (F&A) Departmental Operations
Planning for Month-end Process
The New Set of Skills for F&A
Policies and Procedures
Meetings, Clean Desk Policy, and Delegations Best Practices
Hiring the Best, Cross Training, Back-up Strategies, and Teamwork
Staff Responsibility Charts
Videos and materials
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.