Certificate in Accounting Operations

Stop what you are doing, take a step back, and look at how you perform your work. You will probably agree that things are currently effective, but could be more efficient. This course will provide you with the tools and techniques necessary to enhance all the building blocks of accounting and finance. From accounts payable and cash management to budgeting and financial statements, we will show you best practices in tools and techniques that will make your job easier and help you deliver more value. The course will also cover behavioral concepts related to the day-to-day accounting and finance operations. PrerequisitesNone — open to managers at all levels

5 Days

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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

Developing a Clear Vision for Finance & Accounting
- Functions of management
- Finance and accounting vision and mission
- Effectiveness versus efficiency
- 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
- Centralized versus decentralized AP
- AP/supplier portal
- Electronic expense reporting
Applying Best Practices in Accounts Receivable (AR), Inventory, and Cash
- AR life cycle
  - Expected Credit Loss (ECL)
  - 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
- Capital expenditures vs. operating expenditures
- Tracking fixed assets
- Budgeting approaches
- Tips for creating efficiencies in the budgeting process
Top MS Excel Skills in Accounting & Finance Operations
- Data validation for data entry forms
- Power Query to consolidate budget templates
- Account reconciliation using XLOOKUP
- Scenario Manager to develop flexible budgets and forecasts
- Pivot Tables to automate monthly 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
- Cross-training and backup strategies

2026 Schedule & Fees

Course Fees Starting From

USD 0

Location & Date

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Virtual Learning

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