Education and Services Hub

Course Title:

Course ID:

270524 0101 1820ESH

Course Dates :

27/May/2024

 To

31/May/2024

Course Duration :

5

Course Location:

London

United Kingdom

Course Fees GBP £ :

Primary Price

£4,555.99

VAT may vary depending on the country where the course or workshop is held

Course Fees USD $:

Advisory Price

$5,829.37

VAT may vary depending on the country where the course or workshop is held

Course Category:

Professional and CPD Training Programs

Finance, Accounting

Course Certified By:

* Professional Training and CPD Programs
Leading to : Executive Diploma Certificate
Leading to : Executive Mini Masters Certificate
Leading to : Executive Masters Certificate

* ESHub CPD
* LondonUni - Executive Management Training
* Others

United Kingdom

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Course Information

Introduction

Welcome to the "Internal Control Framework for Payable Cycle for Finance and Accounting" course.
This comprehensive program is designed to equip finance and accounting professionals with the knowledge and skills necessary to establish robust internal controls within the payable cycle.
By understanding and implementing effective internal controls, organizations can mitigate risks, prevent fraud, and ensure accuracy and efficiency in their payable processes.
This course will provide participants with a comprehensive understanding of internal controls specific to the payable cycle and empower them to enhance control effectiveness within their organizations.

Objectives

1. Understand the importance of internal controls in the payable cycle.
2. Identify key risks and vulnerabilities within the payable cycle.
3. Learn best practices for designing and implementing internal control frameworks.
4. Develop strategies for monitoring and evaluating the effectiveness of internal controls.
5. Gain insights into fraud detection and prevention techniques specific to the payable cycle.
6. Enhance overall compliance and governance within the finance and accounting function.

Who Should Attend?

This course is ideal for finance and accounting professionals involved in the payable cycle, including but not limited to:
• Accounts Payable Managers
• Finance Managers
• Controllers
• Internal Auditors
• Compliance Officers
• Risk Managers

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.

Week 1

Day 1:
Understanding Internal Controls in the Payable Cycle
• Introduction to internal controls
• Importance of internal controls in finance and accounting
• Overview of the payable cycle
• Key risks and challenges in the payable process
• Control objectives and principles

Day 2:
Designing an Internal Control Framework
• Principles of designing effective internal controls
• Segregation of duties and responsibilities
• Authorization and approval processes
• Documenting policies and procedures
• Establishing control activities and safeguards

Day 3:
Implementing Internal Controls in the Payable Cycle
• Practical considerations for implementing internal controls
• Leveraging technology for control automation
• Training and awareness programs for staff
• Integration with other financial processes
• Case studies and examples

Day 4:
Monitoring and Evaluating Internal Controls
• Importance of monitoring internal controls
• Key performance indicators (KPIs) for internal controls
• Conducting periodic reviews and assessments
• Remediation of control deficiencies
• Continuous improvement strategies

Day 5:
Fraud Detection and Prevention in the Payable Cycle
• Understanding fraud risks in the payable cycle
• Red flags and warning signs of fraudulent activities
• Implementing fraud prevention measures
• Investigation and response to suspected fraud incidents
• Case studies and real-life examples

Please Note : Your £250.00 Deposit will be deducted from the total invoice Amount.
To commence the registration process for your training course, please follow the link provided and proceed with; Upon successful payment, we will promptly contact you to finalize your enrollment and issue a confirmation of your guaranteed placement.