Effective Budgeting And Cost Control

ByEDUREX

Overview
Curriculum
Institution

This course tackles controls at board and senior management level and looks into the business and reporting cycles. We also cover controls in the purchase and payment cycle, HR and payroll cycle, inventory and production cycle, long term assets life cycle and collection cycle. In addition, the course discusses information systems control, administrative and safety controls, financial reporting controls, physical controls and external reporting controls. Participants are encouraged to share with management the proper measures and controls for the risks at hand.

What you’ll learn

Implement controls in the accounting processes.
Assign functions and roles within the accounting department to maximize controls while optimizing performance.
Assist in designing corporate business cycles to achieve better controls.
Achieve segregation of duties and internal controls in the accounting department and related functions.
Increase reliability on processes and decrease the likelihood of fraud through the organization.
Comply with external reporting requirements by governmental and semi-governmental authorities.
Develop operational policies and procedures in accordance with internal control requirement.
Design and maintain financial controls.