Don't ever let your business get ahead of the financial side of your business. Accounting, accounting, accounting. Know your numbers.

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  • Online, On-site, One to One
  • Academy Finance
  • Duration 1 week
  • Location London, Riyadh
  • Course Ref FIN-1

What you will learn

By the end of the program, participants will be able to answer the following questions:

  • What are major accounting frameworks?
  • Understand why accounting policies and processes are needed?
  • Understand why different policies are required for different businesses?
  • What is a delegation of authorities, and why are they essential?
  • What are internal controls, and why is the segregation of duties necessary?
  • How do you design and implement the finance operating manual?
  • How do we identify business needs and design departmental structure?
  • How to design an accounting reporting system?
  • Other areas we will touch on during the training are creditors, debtors and types of financial reporting.

Course details

Accounting frameworks, policies and manuals

  • Accounting frameworks
  • Accounting policies and processes
  • Purpose of the accounting manual
  • Business needs analysis and resource planning
  • Accounting manual
  • Operating manual

Accounting concepts and their application

  • Underlying accounting assumptions
  • Accrual versus Cash basis of accounting
  • Going concern
  • System and Reliability of measurement
  • General concepts of assets, liabilities, income and expense

Accounting procedures general

  • Chart of Accounts
  • Accounting Structure
  • Revenue & Cost Centres
  • Payroll

Fixed assets and capitalisation

  • Tangible versus Intangible
  • Accounting policies
  • Estimation techniques
  • Revaluations
  • Disposals
  • Reporting

Accounts payable and inventory

  • Supplier assessment and setup
  • Goods inwards process
  • Credit setup and payments
  • Postings
  • Recording
  • Contras
  • Inventory counts
  • Inventory valuation and provisioning

Accounts receivable

  • Customer acceptance and Know Your Customer (“KYC”)
  • Registration and Terms
  • Invoicing
  • Debtors reporting
  • Collections
  • Provisions and write-offs
  • Debit and Credit notes


  • Budgets
  • Forecasts
  • Management accounts
  • Statutory accounts

Start now and enhance your accounting and finance skills

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