Fundamentals of Finance and Accounting

Start Date End Date Venue Fees (US $)
28 Dec 2025 Barcelona, Spain $ 4,950 Register

Fundamentals of Finance and Accounting

Introduction

Finance...for nonfinancial managers, it’s a topic you can’t afford to understand. You’ve got to know how to justify a request, quantify your contributions to the company, and spot profit drains immediately. Because whether you're a wizard of finance or a non-financial manager, performance is measured the same way—in dollars and cents!. Offering an accessible overview of finance for nonfinancial managers, this seminar features exactly what you need to further your career and build your future. From accruals to write-offs to receivables and payables, this workshop shows nonfinancial managers the concepts, tools, and techniques that can help make each decision pay off—on the job and on the bottom line.

Objectives

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

    • Understand the operations of the Finance and Accounting department.
    • Acquire internationally implemented best practices in the following areas: Accounts Payables, Billing, Budgeting, Cash Management, and Treasury, Costing, Filing, Financial Statements, General Ledger, Inventory, Payroll, and Policies and Procedures.
    • Apply their knowledge through hands-on workshops and group presentations.

Training Methodology

This is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practices. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

Professionals in the field of finance and accounting, managers, supervisors, and finance professionals, who need to understand, apply and implement practical tools to enable them to run the finance department more efficiently.

Course Outline

Importance of Best Practices (BP)

  • Defining BP and Implementation Techniques
  • Effective versus Efficient Tools
  • Your First and Most Important Tool: Internal Customer Surveys
  • counts Payable (AP) Best Practices
  • The Role of Accounts Payable and Accounts Payable Cycle
  • Improving AP through Decentralization and Centralization
  • Enhancing AP Processing Using Vendor Analysis and Reconciliation
  • Purchasing Catalogue
  • Automating Expense Reporting

Billing, Collection, and Cash Management Best Practices

  • Calculating Allowance Methods
  • Internet and Web Billing
  • Improving Cash Management, Lockbox Collections, and Zero-Balance Accounts

Budgeting Best Practices

  • Automating Budget Development
  • Enhancing Budgeting Process
  • Preparing Variance Analysis Reports

Conditional Formatted Budgets
Financial Statement and Reporting Best Practices

  • Can We Really Improve the Quality of Financial Data?
  • XBRL, XML, F9, and Dashboards
  • General Ledger
  • Enhancing Report Generating and Analysis

Fixed Assets Best Practices

  • Bar Coding Principles
  • Reconciling Your Fixed Assets
  • The Rules of Capitalizing versus Expensing of Fixed Assets

Enhancing the Finance and Accounting (F&A) Departmental Operations

  • The New Set of Skills for F&A
  • Meetings, Clean Desk Policy, and Delegations Best Practices
  • Hiring the Best, Cross-Training, Back-Up Strategies, and Teamwork
  • Staff Responsibility Charts

Finance Process Improvements

  • Document Management Systems
  • Pivot Tables and Pivot Charts
  • Paperless Printing

Accreditation

Related Courses

Nationals Development Training Program
Laboratory Systems ISO17025 Consulting
Competency Frameworks Consulting
Talent & Succession Planning Solutions
Employee Assessment & Development Plans
Strategy Development & Review Solutions