(Click Category to List Courses)
4 - AAU - Accounting and Financial Auditing
AAU 320 - Management of Standards & Procedures
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| AAU 320 | 13 May 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 320 | 10 June 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 320 | 22 July 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 320 | 26 August 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 320 | 30 September 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 320 | 04 November 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 320 | 09 December 2024 | 5 Days | Istanbul | Registration Form Link |
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Course Description
Accounting and finance policies and procedures are the most efficient way to implement company-wide effective internal control tools in any organization.
They are part of every business cycle: purchase and payment cycle, inventory and production, HR and payroll, fixed assets and capitalization of costs, and the sales and collection cycle.
On top of that, accounting and finance policies and procedures are essential for the board of directors and senior management to communicate limitations and authorities given to different managers and employees throughout the organization.
Moreover, their use is also extended to organize financial reporting and compliance with regulators outside the organization.
Course Objectives
- Manage and produce a model accounting and finance manual.
- Plan the required resources needed for the department.
- Apply accounting concepts and International Financial Reporting Standards.
- Set the chart of accounts in details to suit the business model.
- Manage comprehensive policies and procedures to streamline accounting for fixed assets.
- Develop policies and processes for current assets and current liabilities.
- Formulate reporting requirements as per International Financial Reporting Standards
Who Should Attend?
- Financial managers
- Financial controllers
- Finance department heads, chief financial officers
- Accounting managers, senior finance officers, accountants
- Finance staff and analysts
Course Details/Schedule
Day 1
- Introduction.
- Manual purpose and organization
- Financial authorities and responsibilities
- Process mapping chart: basic Icons
- IFRS Framework
Day 2
- Underlying accounting assumptions
- Accrual basis versus cash basis
- Going concern assumption
- System and reliability of measurement
- Concepts of assets, liabilities, income and expense
Day 3
- Setting-up a chart of accounts
- Accounts and cost centers
- System structure
- Exchange rate differences
- Prepaid and accrual concepts and treatments
- Assets capitalization costs
- Depreciation, amortization and depletion
- Impairment of assets
- Disposal of assets
Day 4
- Approving suppliers for purchases
- Receiving invoices and inventory
- Accruals
- Dividends payable
- Payment orders processing
- Approving clients
- Bank or other guarantees
- Recording invoices
- Collections
- Allowance for doubtful debts
Day 5
- Essential budgeting policies
- Financial statements process
- Balance Sheet
- Income Statement
- Cash Flow Statement
- Changes in Equity Statement
- Notes
- Financial analysis
