(Click Category to List Courses)

4 - AAU - Accounting and Financial Auditing

AAU 110 - Efficient Finance and Accounting Operations

Code Start Date Duration Venue
AAU 110 24 April 2023 5 Days Istanbul Registration Form Link
AAU 110 19 June 2023 5 Days Istanbul Registration Form Link
AAU 110 14 August 2023 5 Days Istanbul Registration Form Link
AAU 110 09 October 2023 5 Days Istanbul Registration Form Link
AAU 110 04 December 2023 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

This course will enhance participants' ability to understand financial reports, better communicate with financial officers in their organizations, evaluate their unit's financial performance, and make sound financial decisions. The purpose of this course is to help those involved in finance, accounting interpret data from financial reports, including balance sheets, income statements, budgets, and divisional performance reports and make better business decisions based upon this information.

Course Objectives

  • Enhancing the operations of the finance and accounting departments
  • Leveraging accounting cycle skills
  • Using new tools to make job efficient and smart
  • Acquiring internationally implemented best practices 

Who Should Attend?

  • Managers
  • Supervisors
  • Professionals in the field of finance and accounting
  • Anyone who needs to understand, apply and implement practical tools to enable them to run the finance and accounting departments more efficiently

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