In this course participants will be encouraged to think of risk-based processes to write and implement operational policies and procedures. They will learn to allocate tasks to different personnel based on proper segregation of duties and to use software to implement the controls efficiently. 

After this Accounting Policies and Procedures Course, learners will be able to do:

• Create and build the Accounting and Finance Manual.

• Plan the requested essential resources for the Department.
• Build Authorities and obligations in the Department for expanding productivity and viability
• Perform segregation of obligations and inward controls in the Department.
• Put complete policies and techniques to streamline accounting activities
• Obtain a reference clarifying basic accounting assumptions and their application
• Answer the inquiries: “who does what?” and “how to do it?” by detailing standard and dependable accounting processes.

This Accounting Policies and Procedures Course ideal for: 

 Professionals in accounting and finance.

Day 1

Designing the Accounting Manual

• Purpose of designing and developing Accounting Manual.
• Establish authorities and duties pointed to Accounting Personnel.
• Organization of the Accounting Manual.

 Accounting Department Setup Planning

• Arranging a appropriate reporting

• arranging for Human Resources versus Software

Day 2

Accounting Concepts and their Application

• Implied accounting presumptions.

• Accrual Basis of Accounting versus Cash Basis.
• Going Concern Assumption.
• framework and Reliability of Measurement.
• Common concepts of Resources, Revenue and Expenses.

 Accounting Procedures General

• Setting Chart of Accounts.

• Accounting Structure.
• Exchange Rate variations.
• Accounts and expense Centres.
• Prepaid and Accrual Concepts.

Day 3

Fixed Assets and Capitalization of Costs

• Treatment and reporting of Fixed Assets.

• Devaluation of Fixed Assets.
• Disposal of Fixed Assets.
• Reports of Fixed Assets.

 Accounts Payables Policies

• Accepting provider for Purchases.
• Getting invoices of sale and Inventory.
• Records on Payables Due.
• Payment Orders Processing.

Day 4

Production and Inventory Processing

• Registration of Production Costs.

• Interdepartmental Transfers of Material.
• Issuing completed Goods.

Accounts Receivables Policies

• Approving Clients.

• Bank or Other Guarantees.
• Recording Invoices.
• Collection and Recording of Receipts. 

Day 5

Other Accounting Policies

• Debit and Credit Notes

• Payroll Recording and Reporting
• Reporting
• Fundamental Budgeting procedures.
• Financial Statements Issuance proceedings.
• Financial Analysis and contrasts to Budgets.

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration