Pideya Learning Academy

Accounting Policies and Financial Procedures Framework

Upcoming Schedules

  • Live Online Training
  • Classroom Training

Date Venue Duration Fee (USD)
20 Jan - 24 Jan 2025 Live Online 5 Day 2750
10 Mar - 14 Mar 2025 Live Online 5 Day 2750
14 Apr - 18 Apr 2025 Live Online 5 Day 2750
19 May - 23 May 2025 Live Online 5 Day 2750
21 Jul - 25 Jul 2025 Live Online 5 Day 2750
15 Sep - 19 Sep 2025 Live Online 5 Day 2750
06 Oct - 10 Oct 2025 Live Online 5 Day 2750
24 Nov - 28 Nov 2025 Live Online 5 Day 2750

Course Overview

In the ever-evolving business landscape, the establishment and implementation of sound accounting policies and financial procedures are integral to ensuring organizational success. These frameworks play a pivotal role in fostering transparency, accountability, and operational efficiency, making them indispensable for businesses of all scales. Accounting policies serve as the cornerstone for robust internal controls, enabling the board of directors and senior management to delegate responsibilities effectively while retaining oversight over critical business functions.
The Accounting Policies and Financial Procedures Framework training program by Pideya Learning Academy is meticulously designed to equip participants with the expertise required to design, implement, and manage these essential frameworks. This comprehensive program delves into the principles of financial governance, risk-based policy creation, and the application of International Financial Reporting Standards (IFRS), empowering participants to align their practices with global compliance standards.
The significance of structured accounting policies is underscored by compelling statistics. According to a 2022 Deloitte survey, organizations with well-defined financial policies reported remarkable results: 76% faced fewer compliance-related challenges, and 83% experienced enhanced operational efficiency. Such figures highlight the tangible benefits of adopting structured financial procedures, reinforcing the need for professionals to gain proficiency in this domain.
Participants in this training will explore a wide range of critical areas, including understanding business cycles, designing comprehensive policies, implementing effective task delegation, and establishing internal controls. The program integrates real-world examples of IFRS-compliant financial statements to ensure that learners can directly apply their knowledge to real-life scenarios, fostering improved decision-making and organizational resilience.
Key highlights of the Accounting Policies and Financial Procedures Framework training include:
In-depth exploration of business cycles and their impact on financial operations.
Step-by-step guidance on creating and implementing robust financial policies.
Comprehensive understanding of International Financial Reporting Standards (IFRS) and their applications.
Effective strategies for task delegation and separation of duties to enhance accountability.
Techniques for designing and maintaining internal controls to minimize risks.
Practical insights into aligning organizational financial practices with global standards.
By the end of the training, participants will possess the tools and knowledge to craft accounting policies that enhance financial accuracy, ensure regulatory compliance, and streamline operations. The course’s engaging content and real-world relevance make it an invaluable resource for professionals aiming to excel in the field of accounting and finance.
The Pideya Learning Academy is committed to delivering a transformative learning experience through this program, ensuring that participants are well-equipped to navigate the complexities of modern financial environments.

Key Takeaways:

  • In-depth exploration of business cycles and their impact on financial operations.
  • Step-by-step guidance on creating and implementing robust financial policies.
  • Comprehensive understanding of International Financial Reporting Standards (IFRS) and their applications.
  • Effective strategies for task delegation and separation of duties to enhance accountability.
  • Techniques for designing and maintaining internal controls to minimize risks.
  • Practical insights into aligning organizational financial practices with global standards.
  • In-depth exploration of business cycles and their impact on financial operations.
  • Step-by-step guidance on creating and implementing robust financial policies.
  • Comprehensive understanding of International Financial Reporting Standards (IFRS) and their applications.
  • Effective strategies for task delegation and separation of duties to enhance accountability.
  • Techniques for designing and maintaining internal controls to minimize risks.
  • Practical insights into aligning organizational financial practices with global standards.

Course Objectives

After completing this Pideya Learning Academy training, participants will learn to:
Develop comprehensive policies and procedures for efficient asset accounting.
Establish rules for managing liabilities effectively.
Plan and allocate resources required for accounting departments.
Apply accounting concepts in alignment with International Financial Reporting Standards (IFRS).
Design a detailed chart of accounts tailored to specific business models.

Personal Benefits

Participants will gain the following advantages from this training:
A deeper understanding of business cycles and their impact on financial operations.
Enhanced skills in creating and implementing financial policies.
Proficiency in aligning accounting practices with global standards like IFRS.
Knowledge of internal control mechanisms to improve task management.
Increased confidence in handling complex financial challenges.

Organisational Benefits

Who Should Attend

This training program is ideal for professionals seeking to enhance their accounting and finance expertise, including:
Financial Accountants
Receivables and Payables Team Members
Planning and Budgeting Managers
Corporate Reporting and Investor Relations Staff
Investment Analysts
Procurement Team Members
This program caters to a diverse audience, ensuring every participant gains actionable insights to excel in their roles.

Course Outline

Module 1: Core Principles of Accounting
Fundamental accounting assumptions Accrual accounting versus cash accounting methodologies Going concern principle and implications Classification and understanding of assets, liabilities, and equity Revenue recognition and expense matching concepts Development and utilization of an accounting chart
Module 2: Establishing an Efficient Accounting and Finance Department
Strategic planning in financial reporting processes Workforce planning and resource allocation in finance Structuring cost centers and accounts Process mapping and accuracy in financial measurement Structure and purpose of financial manuals Defining financial authorities, roles, and responsibilities
Module 3: Comprehensive Asset Management Policies
Client approval workflows and controls Accounts receivable: invoicing, collection, and bad debt allowances Inventory and production cost tracking methodologies Asset capitalization and cost recording Depreciation, depletion, and amortization (DDA) techniques Procedures for asset impairment and revaluation
Module 4: Advanced Liability Management Policies
Supplier approval and vendor management processes Accounting for inventory receipt and vendor invoicing Policies for accrual-based liabilities Managing and processing payment orders Recording and distributing dividends payable
Module 5: Specialized Accounting Policies and Financial Reporting
Managing and recording notes receivable and payable Payroll accounting and related reporting Budget development and implementation policies Financial statement preparation and reporting procedures Techniques for financial analysis and interpretation
Module 6: Accounting Automation and Technology Integration
Leveraging accounting software for efficiency Implementation of ERP systems in financial workflows Data security and compliance in financial technologies Automation in accounts payable and receivable processes Role of artificial intelligence in predictive financial analytics
Module 7: Risk Management in Financial Processes
Identifying and mitigating financial risks Internal controls and compliance mechanisms Fraud detection and prevention strategies Auditing techniques for financial operations
Module 8: Regulatory and Compliance Frameworks
Understanding international financial reporting standards (IFRS) Adherence to local accounting regulations Tax compliance and reporting guidelines Impacts of regulatory changes on financial policies
Module 9: Strategic Financial Planning and Analysis
Long-term financial planning techniques Variance analysis and management decision-making Cash flow management and optimization strategies Capital expenditure planning and budgeting

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