Efficient Finance and Accounting Operations: IFRS Best Practices and Updates

Code

740

Start Date

2025-07-27

End Date

2025-07-31

City

Munich

Price

4950 $

Language

Participants

1-15

Hotel

Hotel Meeting Room

Provide us with your details and the team will contact you

Send to a friend

Please fill in all the fields below and a link will be sent to your e-mail when you click it. You will be redirected to the download page

Full Name

Mobile Number

E-mail

Please fill in all the fields below and a link will be sent to your email when it is clicked

Full Name

Mobile Number

E-mail

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

To view the training curriculum, please click here
To view the registration, payment, and cancellation policy, please click here
To view the terms and conditions for the training program locations, please click here.

European Quality for Training and Consultancy is certified

ISO 9001-2015

Other Dates for the Courses

Finance and Accounting Training Courses

Courses Category

Most Read

The Proposed Courses

Efficient Finance and Accounting Operations: IFRS Best Practices and Updates

Course Methodology

Course Objectives

By the end of the course, participants will be able to:

Target Audience

Target Competencies

Course outline

Other Dates for the Courses

Categories

Other links

Search in site

Mailing List

Payment Methods

Cities

Contact us