The Effective Accounts Assistant

Event Details

    Accounting refresher 

    • The purpose of finance
    • Accounting rules


    Strategies to achieve accurate and timely close-off

    • Planning for timely month-end and tips to shorten your close-off period
    • Standardising procedures and simplifying the process – getting your files in order
    • Learning how to delegate tasks to other staff members involved in the process
    • Preparing subsidiary information away from the close-off period to free-up more time
    • Using estimates and accruals effectively during your close-off period
    • Looking at the reports that management actually use and eliminating unnecessary information
    • Managing the year end cut off
    • How to avoid stock counts and valuation hold-ups while waiting for stock figures
    • Debtor/creditor reconciliations

        
    The essential tax update for the accounts assistant

    • GST: Ensuring that your procedures are up to date to account for obligations under changing employee tax and GST requirements
    • Income tax and IRD filing
    • Managing provisional tax
    • Recent IRD statements and rulings – avoiding the pitfalls
    • Common mistakes and compliance issues found during tax audits 


    Fringe Benefit Taxation (FBT): Everything you need to know

    • An overview of the workings of the multi-rate system
    • Examining FBT calculations on motor vehicles
    • Looking at the relationship between FBT, GST and income tax 


    Purchasing and recording expenses 

    • Effective purchasing and how to save money
    • Purchasing procedures and authority levels
    • The distinction between capex and opex
    • Recording expenses in the fixed asset register 
    • Internal and external auditing 


    Practical techniques to help you improve your accounts payable systems

    • What AP techniques can you implement in your accounts department to increase efficiency?
    • Staffing requirements for accounts payable: How can it be made more effective and profitable?
    • Capitalising on technological developments to enhance the operations of your AP department
    • How can you make time for the “value-added” tasks as well as the routine tasks? 
    • Techniques for successfully minimising manual work and improving processing methods
    • Developing effective AP management reporting tools in your accounts department


    Successfully managing credit receivables and collections

    • Creating a comprehensive credit policy for your organisation
    • Tools and techniques for successfully managing and maintaining your credit policy
    • Designing a good credit application and critical terms that you should include
    • Assessing a customer’s creditworthiness: A checklist of factors that you should utilise 
    • Working in with your organisation’s sales department for successful outcomes
    • Analysis of the different collection techniques available and their comparative
    • strengths/weaknesses
    • Using early payment incentives, customer rewards and receivable team incentives for successful outcomes


    Effective management reporting skills

    • Where to obtain financial information
    • Understanding cost centre statements
    • The importance of permanent and timing variances
    • The use of financial projections as an effective management tool
    • Using Key Performance Indicators in your management reports 
    • How to use the balanced scorecard
    • Providing the information that management and the board actually require 


    Interpretation of financial statements

    • How to interpret published accounts
    • How to use the non financial information
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