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