Course Details/Schedule

Day 1

• The Importance of Best Practices (BP)
• Effective versus Efficient Tools
• Functions of Management
• Finance and Accounting Vision and Mission
• Customer Service Survey
• Purposes and Processes of Finance and Accounting (F&A)
• Accounting Cycle and Financial Statements Cycle

Day 2

• Accounts Payable (AP) Best Practices
• The Life Cycle of Accounts Payable
• Improving AP through Decentralization and Centralization
• Enhancing AP Processing Using Vendor Analysis and Reconciliation
• Electronic Expense Reporting
• On-Line Purchasing Catalogue
• Document Management System
• Billing, Collection, Inventory Cash Management, and Budgeting Best Practices
• Accounts Receivable Life Cycle and Tools
• Inventory Life Cycle and Tools
• Improving Cash Management, Lockbox Collections, and Zero-Balance Accounts
• Modern Budgeting Techniques Mindset

Day 3

• Fixed Assets Best Practices
• Fixed Assets Life Cycle and Tools
• Bar Coding Systems
• Capitalizing versus Expensing of Fixed Assets
• Monthly Reporting Best Practices Using Excel
• Improving the Timeliness and Accuracy of Business and Accounting Data
• Enhancing Report Development and Analysis
• Consolidating your Data
• Validating Data for Accuracy
• Using Pivot Tables
• Preparing Periodic Reports in No Time
• Performing Efficient and Accurate Reconciliation

Day 4

• 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
• XBRL, F9, and Dashboards
• Enhancing Policies and Procedures Manuals

Day 5

• Essential Behavioral Concepts for Enhancing the Finance and Accounting Operations
• The New Set of Skills for F&A
• Clean Desk Policy
• Hiring the Best, Cross-Training, Back-Up Strategies, and Teamwork
• Staff Responsibility Charts
• Successful Meetings
• Review/Authorization Procedures
• Peak Performance Time