Description

Background

Certain beliefs are held regarding current management systems. These are that managers are unsettled and uncertain about the potential loss of assets in their business transactions and that they do not have effective asset control approaches in place. They believe that it is difficult to plan and carry out control mechanisms. It seems that little consideration is given to defining and evaluating risks when setting up asset control systems.

This extensive Course provides asset control principles for enterprise owners and leaders who do not have a firm knowledge of finance and internal audit systems. The skills learned in this program will aid leaders effectively manage their internal systems to enhance their business results.

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Benefits

This Course will provide you with:

• The ability to list asset categories
• Effective internal control system and the ability to list the structures and elements thereof
• The skills to plan asset control mechanisms
• The skills to establish effective control systems

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Who Should Attend

This Course is designed for leaders working in SMEs (Small to Medium-sized enterprises), as well as, any person new to the field of finance and asset control. These include directors, departmental head, accountants and employees in supervisory roles who need to manage or control business assets. Freelancers and enterprise owners will also find this comprehensive Course most profitable.

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Curriculum

Day One

• Pre-test – try the test for free here
• What internal control is
• The elements of an internal control system

Day Two

• Types of Accounts
• Cash and bank accounts
• Accounts receivable
• Equity and Liability

Day Three

• Inventory
• Fixed assets
• Financial Reports
• Notes for managers

Day Four

• Cost centers
• Cost codes
• Costs and expenses
• Price and Cost Differences

Day Five

• Auditing Practice
• Difference between Auditing and Other Types of Control
• Reporting Ethics
• Global Good practices
• Post Test