About this course
Covers how to write, review and maintain the finance policy manual that governs day-to-day accounting work. Topics include the chart of accounts, approval limits and delegations of authority, segregation of duties, the procure-to-pay and revenue cycles, month-end close, asset registers and document retention. Delegates leave with a structure and drafting approach for policies that staff can follow and auditors can test.
Why this course
Many audit findings trace back to procedures that are outdated, unwritten or ignored in practice. Clear, current policies reduce errors and opportunities for fraud, speed up the close, make onboarding easier and give management and auditors a documented basis for every control. The course helps finance teams close the gap between what the manual says and what staff actually do.
What delegates will be able to do
By the end of the course, delegates will be able to
- Draft finance policies and step-by-step procedures in a consistent, usable format
- Set approval limits and delegations of authority that match the organisation's structure
- Map key accounting cycles and identify where controls and segregation of duties are needed
- Review an existing finance manual for gaps, contradictions and outdated practice
- Plan the rollout, staff training and periodic review of revised policies
Who should attend
Finance managers, financial and management accountants, internal auditors and senior finance officers who write or enforce finance procedures in public bodies, state-owned enterprises and private companies. A working knowledge of accounting is assumed.
How it is delivered
Facilitator-led sessions with worked examples, followed by group work in which delegates review and redraft extracts from their own organisation's finance procedures. It is available as a public course, in-house at your premises, or as live virtual sessions. Duration and dates are confirmed in your quote, and in-house groups can have the examples and exercises fitted to their organisation.