/  Efficient Finance and Accounting Operations - Best Practices and Updates
Pay Attention Please ! The course location "Boulevard Sheikh Mohammed Bin Rashid" is subject to availability . We may change the course location if there is no availability and we will let you know about the location changing directly if it changes. The exact course time will be clear before one week prior to course start date and it might be changed at anytime.
BMC Training provides on 5 Feb 2023 Efficient Finance and Accounting Operations - Best Practices and Updates course [Finance , Accounting and Budgeting] in Dubai,UAE


By the end of the program, participants will be able to:

  • Demonstrate how they can enhance the operations of the finance and accounting departments.
  • Apply internationally implemented best practices in the following areas: accounts payable, billing, budgeting, cash management and treasury, costing, filing, financial statements, general ledger, inventory and policies and procedures.
  • Leverage their accounting cycle skills.
  • Use new tools to make their job efficient and smart.
  • Apply their knowledge through hands-on workshops and group presentations.

The Content:

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

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

Fixed Assets Best Practices

  • Fixed Assets Life Cycle and Tools
  • Bar Coding Systems
  • Capitalizing versus Expensing of Fixed Assets 

Reporting Best Practices Using Excel

  • Improving 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
  • 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, and Dashboards
  • Enhancing Policies and Procedures Manuals

Essential Behavioral Concepts for Enhancing  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

Related Training Courses

Course Details
  • Code FBA145
  • DATE    Feb 5 2023 - Feb 9 2023
  • Dubai , Boulevard Sheikh Mohammed Bin Rashid
  • +44 7493377144
  • [email protected]

Fees Per Person

4150 GBP + VAT
Registration Request Download PDF Brochure Other Dates

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