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Effective Finance and Accounting operations- Best Practices for Accountants Course

By: Alpha Partners

Lagos State, Nigeria

16 - 19 Jul, 2019  4 days

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NGN 150,000

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


The importance of best practices

  • Effectiveness versus efficiency
  • Functions of management
  • Finance and accounting vision and mission
  • 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 - areas for improvement
  • Centralized versus decentralized AP
  • AP/supplier portal
  • Electronic expense reporting
  • Online purchasing catalogue
  • Document management system
  • Applying best practices in Accounts Receivable (AR) inventory and Cash

AR Life cycle

  • Accounting for the allowance for doubtful accounts
  • 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
  • Capitalizing versus expensing
  • Tracking fixed assets
  • Budgeting approaches
  • Tips in creating efficiencies in budgeting process

Reporting best practices using MS Excel

  • 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
  • Enhancing policies and procedures manuals

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
  • Reviewing and authorization matrix
  • Cross training and back up strategies

For Whom: Accountants, Auditors, Finance Officers and others who perform related functions.

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos. Jul 16 - 19 Jul, 2019
Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos., Lagos State, Nigeria 17 - 20 Dec, 2019
NGN 150,000.00(The Workshop fee is N150,000.00 (One Hundred and Fifty Thousand Naira) only per participant to cover workshop literature and materials, executive bag, tea/coffee, lunch, photograph and certificate.)
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Chris Onwuasigwe, FCA – 08033045484 08033045484

5% discount for 3-5 participants and 10% discount for 6 and above number of participants from the same organization.
A distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop.
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