Course details
Course details
Seminar content
Well-defined accounting policies and procedures are essential for producing reliable financial information, maintaining effective internal controls, and ensuring consistent financial practices across an organisation. Without clear accounting guidelines, businesses may experience inconsistent transaction recording, reporting errors, weak approval controls, delayed financial closing, and increased exposure to financial misstatements or compliance failures.
Accounting policies establish the principles and methods used to recognise, measure, present, and disclose financial transactions, while accounting procedures translate these principles into practical responsibilities, workflows, documentation requirements, and control activities. Developing both effectively requires an understanding of financial reporting standards, business processes, internal controls, and organisational governance.
The Accounting Policies and Procedures course provides finance and accounting professionals with practical techniques for developing, documenting, implementing, reviewing, and improving accounting policies and operational procedures. Participants explore financial reporting requirements, accounting manuals, transaction processing, financial closing, reconciliations, segregation of duties, approval frameworks, and accounting process standardisation.
The programme also examines how to maintain accounting policies as business requirements and reporting standards evolve, strengthen compliance monitoring, and use financial systems and automation to improve accuracy, efficiency, and accountability.
Inconsistent accounting practices: Establishing standard accounting policies and procedures to ensure transactions are recorded and reported consistently across departments and business units.
Unclear financial responsibilities: Defining accounting roles, approval authorities, segregation of duties, and accountability for financial transactions and reporting.
Frequent accounting errors and adjustments: Improving transaction processing, supporting documentation, reconciliations, and financial review procedures.
Weak financial reporting compliance: Aligning accounting policies with applicable financial reporting standards, regulatory requirements, and organisational governance expectations.
Delayed month-end and year-end closing: Developing structured closing calendars, reconciliation procedures, reporting deadlines, and review controls.
Outdated accounting manuals: Establishing procedures for policy ownership, periodic review, version control, staff communication, and controlled updates.
Inefficient accounting workflows: Standardising processes and identifying opportunities for financial system integration, digital approvals, and appropriate automation.
The programme combines instructor-led discussions, accounting process case studies, financial control assessments, policy drafting exercises, process mapping workshops, and practical accounting manual development activities.
Participants work with realistic financial transaction scenarios, accounting policy examples, approval matrices, reconciliation templates, and closing procedures. Exercises focus on translating accounting principles into documented operational procedures that can be implemented, monitored, and improved within different organisational environments.
By the end of this course, participants will be able to:
Distinguish accounting policies from accounting procedures and understand their respective purposes
Identify the financial reporting and governance requirements influencing accounting policy development
Develop a structured accounting policies and procedures manual
Establish consistent accounting treatment for significant financial transactions
Design accounting workflows with clear responsibilities and approval authorities
Implement appropriate segregation of duties and financial control procedures
Strengthen documentation, reconciliation, and transaction verification requirements
Develop effective month-end and year-end financial closing procedures
Evaluate accounting process risks and identify control improvement opportunities
Apply document management, version control, and policy review procedures
Integrate accounting procedures with ERP systems and digital financial workflows
Establish monitoring mechanisms to assess accounting policy compliance and operational effectiveness
This course is suitable for:
Finance managers and financial controllers
Chief accountants and senior accountants
Accounting supervisors and accounting officers
Financial reporting and consolidation professionals
Internal auditors and internal control specialists
Finance operations and shared services managers
Governance, risk, and compliance professionals
Accounting policy and financial governance specialists
ERP finance implementation and process improvement professionals
Professionals responsible for developing or updating accounting manuals
Participants will develop competencies in:
Accounting policy development
Accounting procedures documentation
Financial reporting compliance
Accounting process standardisation
Internal financial control design
Segregation of duties and approval controls
Financial closing and reconciliation management
Accounting manual development
Accounting governance and compliance monitoring
Financial process improvement and automation
Benefits
Methodology
Target audience
Seminar details
Understanding the purpose, structure, and relationship between accounting policies, accounting procedures, financial controls, and organisational governance
Examining the influence of applicable financial reporting frameworks, including IFRS where relevant, on accounting policy development
Identifying accounting policy requirements for recognition, measurement, presentation, disclosure, and consistent application of accounting principles
Establishing accounting policy governance through ownership, approval authority, documentation standards, and management responsibilities
Assessing existing accounting practices to identify inconsistencies, undocumented processes, reporting risks, and policy gaps
Practical workshop: Developing an accounting policy framework and identifying priority areas for inclusion in an organisational accounting manual
Establishing accounting policies for revenue recognition, trade receivables, customer advances, and related financial reporting activities
Developing policies for procurement expenditure, accounts payable, accrued expenses, prepayments, and supplier transactions
Documenting accounting treatments for inventory, property, plant and equipment, depreciation, impairment, and asset disposals
Defining policies for cash and bank transactions, financial liabilities, provisions, and significant accounting estimates
Addressing consistency in accounting judgments, materiality considerations, supporting documentation, and financial statement disclosures
Practical exercise: Drafting accounting policy statements for selected financial transactions with clear recognition, measurement, documentation, and review requirements
Translating accounting policies into step-by-step operational procedures with defined responsibilities, required documents, and processing timelines
Mapping accounting workflows for order-to-cash, procure-to-pay, payroll, fixed assets, and general ledger activities
Establishing segregation of duties, delegated financial authorities, approval matrices, and appropriate transaction verification controls
Designing procedures for journal entries, account reconciliations, supporting documentation, exception handling, and correction of accounting errors
Integrating accounting procedures with ERP systems, automated approval workflows, system access controls, and financial audit trails
Practical workshop: Developing a documented accounting procedure with a process flowchart, responsibility matrix, control checkpoints, and supporting forms
Developing structured month-end, quarter-end, and year-end closing procedures with defined activities, deadlines, and responsibilities
Establishing procedures for general ledger reviews, bank reconciliations, intercompany balances, suspense accounts, and subsidiary ledger reconciliation
Managing accruals, provisions, depreciation, prepayments, reclassifications, and other period-end accounting adjustments
Designing review and approval controls for financial statements, management reports, accounting estimates, and significant journal entries
Evaluating accounting process effectiveness through reconciliation quality, reporting accuracy, closing timeliness, and recurring error analysis
Case study: Reviewing a financial closing process to identify control weaknesses, reporting delays, and opportunities for accounting procedure improvement
Structuring an accounting policies and procedures manual with policy statements, process instructions, responsibilities, control requirements, and supporting templates
Establishing policy approval, document version control, periodic review, change management, and communication procedures
Implementing accounting policies through staff training, process ownership, management oversight, and coordination with operational departments
Developing compliance monitoring procedures using internal reviews, control testing, exception reports, and financial process performance indicators
Identifying opportunities to improve accounting efficiency through workflow standardisation, ERP integration, digital documentation, and automation
Capstone exercise: Developing and presenting an Accounting Policies and Procedures Improvement Framework covering policy structure, transaction workflows, financial controls, closing procedures, governance responsibilities, and implementation priorities
Dates and locations
Course certificate
Every participant who completes this seminar receives a professional course certificate from INFORAMTECH.
Information about
Your seat is confirmed once full payment has been received.
Yes, we offer the following discounts for group bookings:
No, discounts cannot be combined unless explicitly stated.
We accept bank transfers, credit/debit cards, and selected online payment methods.
Full payment must be completed before the course start date to secure your participation.
VAT treatment depends on your location and status:
Yes, all participants receive an official invoice. EU companies must provide a valid VAT number.
Yes, cancellations must be submitted in writing.
Yes, substitutions are allowed at no extra cost if requested before the course start date.
We reserve the right to reschedule or cancel a course due to unforeseen circumstances. In such cases, you may:
Yes, all participants will receive a certificate of completion after attending the course.
Yes, full attendance is required to receive certification.
We offer both in-person and virtual (live online) training options.
Yes, all participants receive training materials in digital format.
No, participants are responsible for their own travel and accommodation unless otherwise stated.
Yes, we offer tailored training programs based on your organization's needs.
You can reach us via email info@informatech.uk or through our contact form. Our team will respond promptly.
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