Fundamentals of Finance and Accounting

Implement essential skills to enhance their ability to run the finance department

Manage finance functions in an organized and professional manner

Apply finance policies and procedures to add value and communicate effectively with other departments

CONTENT:

The Macro Finance Picture

· Understanding the accounting cycle

· The cash flow statement

· The relationship of financial statements

· Purpose of the finance and accounting function

Personal Organization and the management

· Delegation and priorities

· Handling meetings effectively

The need for review and authorization procedures

· Peak performance time

Staffing the finance Function

· Interpersonal communication

· Delegation rules and levels evaluating finance

· Motivation tools, compensation and perks

· Communicating financial policies

· Enhancing personal efficiency

Organizing the Finance Function

· Teamwork skills in finance and accounting

· Staff duties and responsibilities

· Cross training and backup strategies

· Scheduling the monthly accounting cycle

Policies and Procedures

· Purposes of the policies and procedures manual

FOR WHOM:

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

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.