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Dubai

Efficient Finance and Accounting Operations: IFRS Best Practices and Updates

ID  740

Finance and Accounting Training Courses

Efficient Finance and Accounting Operations: IFRS Best Practices and Updates

Dubai

Hotel Name
Hotel Meeting Room

02 Feb 2025 : 06 Feb  2025

25 Hours

3250 USD

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Course-options

Training Details

Course Methodology

This course uses a mix of exercises, workshops, group case studies, and presentations. Additionally, some time will be devoted to learning practical tools in Excel for reporting, analysis and reconciliation. Conceptual ideas, rules, and best practices will also be discussed in accounting, finance, budgeting and general reporting.

Course Objectives

By the end of the course, participants will be able to:
  • Identify the main elements of a vision for finance and accounting
  • Evaluate and improve accounts payable process
  • List the key best practices in receivables, inventory and cash management
  • Assess the budgeting process in their organizations and recommend improvements
  • Apply MS Excel reporting and analysis techniques for a faster accounting and finance operations
  • Develop an enhanced understanding of the behavioral concepts related to the day-to-day finance and accounting operations

Target Audience

Professionals in the field of finance and accounting, managers, supervisors, and finance professionals who desire to understand, apply and implement practical tools to enable them to run the finance and accounting departments more efficiently.

Target Competencies

  • Analytical skills
  • Accounts payable management
  • Accounting and managing accounts receivables and inventory
  • Preparing financial statements
  • Budgeting
  • Excel reporting and analysis

Course outline

  • The importance of best practices
    • Effectiveness versus efficiency
    • Functions of management
    • Finance and accounting vision and mission
    • Customer service survey
    • Purposes and processes of finance and accounting
  • The accounting cycle and financial statements
    • The accounting processing cycle
    • Overview of key financial statements
      • Income Statement
      • Balance sheet
      • Cash flow
  • Applying best practices in Accounts Payable (AP)
    • Accounts payable life-cycle
    • AP common inefficiencies - areas for improvement
    • Centralized versus decentralized AP
    • AP/supplier portal
    • Electronic expense reporting
    • Online purchasing catalogue
    • Document management system
  • Applying best practices in Accounts Receivable (AR), inventory and Cash
    • AR Life cycle
      • Accounting for the allowance for doubtful accounts
      • Four dimensions in managing AR
        • Credit policy
        • Billing
        • Collection
        • AR segmentation
    • Inventory life-cycle
      • Costing methods
      • Valuation and presentation of inventory
      • Best practices in inventory management
    • Best practices in cash management
  • Best practices in fixed assets and budgeting
    • Fixed assets life-cycle
    • Capitalizing versus expensing
    • Tracking fixed assets
    • Budgeting approaches
    • Tips in creating efficiencies in budgeting process
  • Reporting best practices using MS Excel
    • Consolidating your data
    • Validating data for accuracy
    • Using pivot tables
      • Preparing periodic reports in no time
      • Performing efficient and accurate reconciliation
      • Bank statement reconciliation
      • Payroll reporting and analysis
      • Accounts payable reporting and analysis
      • General ledger reporting, reconciliation and analysis
      • Budgeting reporting and analysis
      • Invoice analysis and reporting
      • Creating flash management reports
  • Essential behavioral concepts for enhancing Finance and Accounting (F&A) operations
    • The new set of skills for F&A
    • Clean desk policy
    • Peak performance time
    • Successful meetings
    • Communication skills
    • Reviewing and authorization matrix
    • Cross training and back up strategies

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:

    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.

  • Scientific Assessment:

    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.

  • Brainstorming and Role-playing:

    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.

  • Practical Cases:

    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.

  • Final Evaluation and Certificates:

    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality for Training and Administrative Consultations, provided they have completed at least 80% of the program days.

  • Training Materials:

    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.

  • Post-Training Follow-up:

    • European Quality for Training and Administrative Consultations provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.

  • Customized Training Programs:

    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.

  • Utilizing Technology:

    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.

  • Specialized Trainers:

    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.

  • Encouraging Participation:

    • European Quality encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.

  • Focus on Personal Transformation:

    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.

  • Continuous Assessment:

    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.

  • Terms and Conditions:

    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.

  • Prices and Discounts:

    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality for Training and Consultancy is certified

ISO 9001-2015

All rights reserved

Course Options

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Training other dates & Locations
53
02 Feb 2025   :  06 Feb 2025
Dubai
3250$
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Riyadh
2950$
10 Feb 2025   :  14 Feb 2025
Prague
4950$
17 Feb 2025   :  21 Feb 2025
Paris
4950$
24 Feb 2025   :  28 Feb 2025
Washington
6950$
03 Mar 2025   :  07 Mar 2025
Singapore
5950$
14 Apr 2025   :  18 Apr 2025
Athens
4950$
20 Apr 2025   :  24 Apr 2025
Jeddah
2950$
21 Apr 2025   :  25 Apr 2025
Beijing
4950$
27 Apr 2025   :  01 May 2025
ON LINE
1750$
27 Apr 2025   :  01 May 2025
Dubai
3250$
04 May 2025   :  08 May 2025
Cairo
2750$
11 May 2025   :  15 May 2025
Alkhobar
2950$
19 May 2025   :  23 May 2025
Amsterdam
4950$
25 May 2025   :  29 May 2025
Dubai
3250$
02 Jun 2025   :  06 Jun 2025
Istanbul
2950$
08 Jun 2025   :  12 Jun 2025
Dubai
3250$
09 Jun 2025   :  13 Jun 2025
Zurich
5450$
16 Jun 2025   :  20 Jun 2025
Boston
6950$
16 Jun 2025   :  20 Jun 2025
Florida
6950$
22 Jun 2025   :  26 Jun 2025
Amman
2950$
30 Jun 2025   :  04 Jul 2025
Kuala Lumpur
3950$
06 Jul 2025   :  10 Jul 2025
Casablanca
3950$
07 Jul 2025   :  11 Jul 2025
San Francisco
6950$
14 Jul 2025   :  18 Jul 2025
Copenhagen
4950$
21 Jul 2025   :  25 Jul 2025
Istanbul
2950$
28 Jul 2025   :  01 Aug 2025
Munich
4950$
03 Aug 2025   :  07 Aug 2025
Doha
3650$
11 Aug 2025   :  15 Aug 2025
Jakarta
3450$
18 Aug 2025   :  22 Aug 2025
Madrid
4950$
25 Aug 2025   :  29 Aug 2025
Amsterdam
4950$
31 Aug 2025   :  04 Sep 2025
Manama
3250$
07 Sep 2025   :  11 Sep 2025
Sharm El Sheikh
2950$
15 Sep 2025   :  19 Sep 2025
Los Angeles
6950$
22 Sep 2025   :  26 Sep 2025
Tbilisi
4950$
22 Sep 2025   :  26 Sep 2025
Lisbon
4950$
28 Sep 2025   :  02 Oct 2025
Salalah
3450$
06 Oct 2025   :  10 Oct 2025
Madrid
4950$
13 Oct 2025   :  17 Oct 2025
London
4950$
20 Oct 2025   :  24 Oct 2025
Cyprus (Larnaka)
4950$
20 Oct 2025   :  24 Oct 2025
Roma
4950$
27 Oct 2025   :  31 Oct 2025
Kuala Lumpur
3950$
27 Oct 2025   :  31 Oct 2025
Hong Kong
5950$
03 Nov 2025   :  07 Nov 2025
Stockholm
4950$
09 Nov 2025   :  13 Nov 2025
Cairo
2750$
17 Nov 2025   :  21 Nov 2025
Toronto
5950$
23 Nov 2025   :  27 Nov 2025
Marrakech
3950$
30 Nov 2025   :  04 Dec 2025
Dubai
3250$
08 Dec 2025   :  12 Dec 2025
California
6950$
08 Dec 2025   :  12 Dec 2025
Cape Town
5450$
15 Dec 2025   :  19 Dec 2025
Vienna
4950$
22 Dec 2025   :  26 Dec 2025
Sydney
5950$
29 Dec 2025   :  02 Jan 2026
Dublin
4950$

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12 Courses

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Treasury and Cash Management

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Payroll Accounting

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Corporate Finance

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Budgeting, Forecasting and the Planning Process

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