Master of Professional Accounting (1 Week)
Master of Professional Accounting
Introduction
Effective accounting and finance principles, supported by structured policies and procedures, are essential for strong internal controls in any organization. They play a critical role in cycles like purchasing, payments, inventory, HR, payroll, sales, and collections, while ensuring compliance with regulations and accurate financial reporting.
This professional training is ideal for advancing skills in accounting and finance, particularly for those pursuing a Master of Professional Accounting or similar degrees. Participants will learn to develop accounting manuals, manage resources effectively, apply IFRS standards, and optimize policies for fixed assets and core operations.
Whether you’re seeking a professional certificate or a master’s degree, this course equips you with advanced accounting skills and strengthens your expertise in financial management and reporting.
Training Objectives
The accounting master’s program is designed with the following learning outcomes in mind:
- Create an accounting manual to standardize processes.
- Plan and allocate resources for efficient department management.
- Apply IFRS and accounting principles to improve financial decisions.
- Develop a tailored chart of accounts for accurate reporting.
- Streamline fixed asset management, including capitalization and depreciation.
- Manage current assets and liabilities in line with standards.
- Ensure transparency and compliance through IFRS-aligned reporting.
Course Outlines
Day 1
Designing the Accounting Manual
- Purpose and structure of the accounting manual.
- Defining financial authorities and responsibilities across the organization.
- Process mapping chart: Understanding basic icons for effective process mapping.
- Accounting department setup: Planning for efficient reporting systems.
- Human Resources vs. Software: Evaluating the HRVSS Human Resources Versus Software System.
Day 2
Accounting Concepts and Their Application
- Understanding underlying accounting assumptions.
- Differences between accrual basis vs. cash basis accounting.
- The system reliability of measurement in accounting.
- Key concepts of assets, liabilities, income, and expense.
- Setting up the chart of accounts: Accounts, cost centers, and system structures.
- Exchange rate differences: Accounting for currency fluctuations.
- Prepaid and accrual concepts: Treatment and reporting of these items.
Day 3
Long-Term Assets and Liabilities
- Capitalization costs of long-term assets.
- Depreciation, amortization, and depletion techniques.
- Managing impairment of assets and asset disposals.
- Approving suppliers for purchases and managing accounts payable.
- Receiving invoices, inventory management, and accruals.
- Managing dividends payable and processing payment orders.
Day 4
Accounts Receivables Policies and Other Accounting Policies
- Client approval processes: Establishing robust client policies.
- Managing bank or other guarantees for accounts receivables.
- Recording invoices: Procedures and best practices for accuracy.
- Collections: Best practices for managing accounts receivables and debt recovery.
- Setting up allowances for doubtful debts and how to record them.
- Payroll recording and reporting: Effective practices for payroll management.
Day 5
Reporting and Financial Analysis
- Setting essential budgeting policies for better financial planning.
- Understanding the financial statement process: Preparation and analysis.
- Conducting financial analysis to interpret key business data and performance metrics.
DATES & LOCATIONS
Amsterdam
Madrid
Istanbul
MUNICH
PARIS
BRUSSELS
AMSTERDAM - MADRID - ISTANBUL - MUNICH - PARIS - BRUSSELS
REF: MP-1101
4250
Individual fee
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COURSE DATES
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13 JAN - 17 JAN 2025
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20 JAN - 24 JAN 2025
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03 FEB - 07 FEB 2025
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17 FEB - 21 FEB 2025
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03 MAR - 07 MAR 2025
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17 MAR - 21 MAR 2025
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07 APR - 11 APR 2025
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21 APR - 25 APR 2025
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05 MAY - 09 MAY 2025
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19 MAY - 23 MAY 2025
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09 JUN - 13 JUN 2025
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23 JUN - 27 JUN 2025
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07 JUL - 11 JUL 2025
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21 JUL - 25 JUL 2025
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04 AUG - 08 AUG 2025
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25 AUG - 29 AUG 2025
Special Price for Groups
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