Oil & Gas Skills (OGS) - Accounting Best Practices

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Course Name:

Accounting Best Practices

Course Objective:

• Work on a team to establish the financial best practices that relevant to work practices • Sharing the world wide financial best practices • Analyzing the financial best practices to select the best among them. • Plan the right way to implement the best out of the best.

Who Should Attend:

• Company accountants, auditors and engineers who wish to acquire an understanding of the financial best practices modules • Any Staff (Technical, Commercial, Financial, etc) whose work impacts directly on financial subjects.

Course Content:

Module 1: Introduction and Accounts Payable Best Practices • Introduction • How to Use Best Practices • Types of best practices • Planning for best practices • Timing of best practices • Implementing best practices • Digitize accounts payable documents • Billing Best Practices • Case study Module 2: Budgeting Best Practices • Budget Assumptions • Budget Models • Budget Management • Case study Module 3: Cash Management Best Practices • Collections Best Practices • Commissions Best Practices • Case study Module 4: Costing Best Practices • Leverage overhead • Allocation bases • Schedule of inventory • Obsolescence reviews • Activity-based costing • Cost trends • Cost accounting reports • Case study Module 5: Finance Best Practices • Financing and Investment Activities • Investor Relations • Option Management • Pension Management • Risk Management • Treasury Management • Case study Module 6: Financial Statements Best Practices • Financial Reports • Work Automation • Work Elimination • Work Management • Work Timing • Case study Module 7: General Ledger Best Practices • Chart of Accounts • Data Warehousing • General • System Additions • Case study Module 8: Internal Auditing Best Practices • Assisting Business Units • Internal Audit Management • Internal Audit Staffing • Case study Module 9: Inventory Best Practices • Bill of Material Accuracy • Efficiency Issues • Inventory Accuracy • Case study Module 10: Payroll Best Practices • Employee Deductions • Employee Forms • Employee Time Tracking • Payments to Employees • Case Study FINAL SESSION • Appendix A Summary of Best Practices • Excel financial modeling; Further Development • Certificates

Duration:

(5) days

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Program Schedules

From	To	Location	Attendees
27-6-2010	01-7-2010			Enroll
26-12-2010	30-12-2010			Enroll