Accounting Policies and Procedures

This DIXONTECH course provides an in-depth understanding of how well-structured accounting policies and procedures ensure consistency, transparency, and compliance. Participants will learn how to design, document, and implement accounting frameworks that align with international standards such as IFRS and GAAP. The program focuses on strengthening internal controls, reducing risk, and promoting accuracy across financial operations.

TRAINING TOPICS

• Fundamentals of accounting policy and framework design
• Developing and documenting accounting procedures
• IFRS and GAAP compliance requirements
• Internal control and audit alignment
• Risk management in accounting operations
• Monitoring and continuous improvement of policies

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

Design and maintain robust accounting policy frameworks.

• Develop standardized accounting policies and procedures
• Align organizational practices with IFRS and GAAP
• Strengthen internal control and accountability
• Minimize operational and compliance risks
• Establish approval and documentation workflows
• Audit accounting procedures for consistency
• Enhance financial transparency and governance

TRAINING IS TAILORED TO

Finance and accounting professionals involved in financial governance.

• Finance Managers and Controllers
• Accounting Supervisors and Auditors
• Compliance and Risk Officers
• Internal Control Specialists
• Financial Analysts and Accountants
• Business Process Managers
• ERP and Systems Accountants

TRAINING METHODOLOGY

The DIXONTECH methodology integrates practical workshops, real-case templates, and simulations for policy and procedure writing. Participants analyze international accounting frameworks, design control matrices, and practice drafting effective accounting policies that align with organizational goals and audit expectations.

DAY 1

ACCOUNTING POLICY FRAMEWORK AND GOVERNANCE STRUCTURE

• Definition and importance of accounting policies
• Relationship between policies, procedures, and standards
• Role of governance in accounting policy development
• Principles of consistency, transparency, and comparability
• IFRS vs. GAAP policy perspectives
• Key documentation standards and control hierarchy
• Building the accounting manual structure

DAY 2

DESIGNING ACCOUNTING PROCEDURES AND WORKFLOWS

• Identifying key accounting cycles and functions
• Standardizing financial processes and approval levels
• Documenting procedures for recurring transactions
• Segregation of duties and accountability
• Creating flowcharts and process maps
• Incorporating automation and ERP systems
• Practical workshop on procedure documentation

DAY 3

INTERNAL CONTROL, COMPLIANCE, AND RISK MANAGEMENT

• Understanding internal control objectives and components
• Linking controls to accounting procedures
• Risk identification and mitigation in accounting operations
• Control matrices and testing techniques
• Role of compliance and external audits
• Implementing checks and balances in financial systems
• Case study: internal control framework review

DAY 4

POLICY IMPLEMENTATION, MONITORING, AND CONTINUOUS IMPROVEMENT

• Change management and communication strategies
• Training employees on new accounting procedures
• Monitoring compliance and control effectiveness
• Auditing policies and updating documentation
• Handling policy deviations and corrective actions
• Role of management in enforcement and oversight
• Continuous improvement and benchmarking practices

DAY 5

INTEGRATING POLICIES WITH TECHNOLOGY AND REPORTING SYSTEMS

• Leveraging accounting software for policy enforcement
• Using ERP systems for process automation
• Electronic documentation and digital approvals
• Aligning policies with data governance principles
• Reporting dashboards and KPI tracking
• Policy review templates and audit trails
• Developing an implementation roadmap for the organization