Managing the Accounts Department of your Organization

Your finance and accounting department can be a valuable corporate asset if you are taking the time to make sure it is being run and managed properly. This starts with defining its role and setting the right expectations for the department. Failure to do so will result in your finance and accounting department not delivering value or a high return on investment for your company.

This workshop focuses on how to manage an accounting department and the responsibility of managing area that has undergone radical changes with no end in sight. Upon completion of this workshop, participants will be able to:

• Structure the department for maximum efficiency and how to anticipate the needs of top management
• Effective proven techniques, strategies, and secrets for running an efficient accounting department
• Methods for establishing internal controls, risk management and implementing easy methods for eliminating errors
• The tools you need for improving efficiency, managing, finances, analyzing, interpreting, and forecasting data

Content

Introduction to Finance and Accounting Department

• Overall Cash Management
• Budgeting and Strategic Planning
• Managing Banking Relationships
• Managing Suppliers/Vendor Relationships

The Role of CFO/Finance Managers

• Staffing
• Stewardship and Business Partnership
• Strategic Planning and Goals Setting
• Preparing Final Accounts and Reports
• Challenges facing you as a managing CFO/ Finance Managers

Safeguarding Your Organization’s Finances and Assets

• Framework for Internal Controls
• Risk Management for Fraud
• Eliminating Errors, Duplications, Exclusions and Need for Double-Checks
• Key Financial Areas for monitoring
• Innovative Ways Eliminating Frauds

Working with Other Departments and Top Management

• Communicating Financial Information
• Financial Analysis and Advisories
• Getting what you need from other Departments

Personal Development

• Communication Skills
• Leadership Skills
• Technical Accounting Expertise
• Team Manager

For Whom: Directors, CFO, Managers, Financial Analysts, Finance Managers/Assistants, Accountants, Heads of Departments, and others who are involved managing and supervising accounts department